Kuwait provides $41 mln to finance Soctora commercial port project
The Source: www.sabanews.net - 17/11/2009
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Yemen and Kuwait Fund for Arab Economic Development (KAFED) singed here on Tuesday an agreement by which the KAFED presents $41 million for financing Socotra commercial port project.
The agreement, signed by Minister of Planning and International Cooperation Abdul Karim al-Arhabi and Head of KAFED mission Tariq al-Menisi, comes within Kuwait fulfillment of its commitments to Yemen during the London conference of donors held in November 2006. After signing the agreement, al-Arhabi praised the growing development in the bilateral cooperation relations between Yemen and Kuwait. He indicated that the port completion will contribute to supporting the socioeconomic development through covering demands of safe maritime transport for goods and passengers between Socotra archipelago and Yemeni and international ports. For his part, al-Menisi affirmed the fund's keenness on continuing its support to enhance the development process in Yemen, noting the historical brotherly relations that link the two peoples of Yemen and Kuwait.
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