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FinancialNews
28-03-18
Kuwait to offer Bangladesh, Djibouti USD78m in loan deals
(MENAFN) Kuwait has reportedly secured USD78 million loan deals with both Bangladesh and Djibouti, aiming to fund development ventures.
The Kuwait Fund for Arab Economic Development (KFAED) explained Bangladesh's project to be projected at a worth of USD51 million, as it looks to develop facilities in 53 areas for social and economic growth to be boosted.
It also declared Djibouti's project to be targeting the establishment of a power plant, aiming to satisfy demands for power so as to diminish blackouts and cut fuel and electricity imports.
Djibouti was also said to be looking for 10 wells to be dug for generating vapors and power plants that thermal power fuels.
MENAFN2803201800450000ID1096665441
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