KFAED signs KD 22 mln loan deal with Tunisia

By Khaled Jabbar

TUNIS, June 2 (KUNA) — The Kuwait Fund for Arab Economic Development (KFAED) has signed a loan deal, worth KD 22 million, with Tunisia’s Ministry of Development, Investment, and International Cooperation to boost water supply networks in the country.
This loan would be allocated for a number of vital projects that aim to improve drinking water systems and enhance the capacity of water purification stations in Djerba, Medenine, Ben Gardane, and Tataouine areas in central and southern the country, Kuwait Ambassador to Tunisia Ali Al-Thafiri told KUNA Thursday.
Tunisia’s central and southern regions are in desperate need for integrated development projects, Al-Thafiri said, adding that such water projects are important for providing these areas with drinking water needs until 2030.
He reiterated Kuwait’s desire to support Tunisian economic projects to help speed up the development march in the North African country.
Meanwhile, Kuwait is to attend the investment conference in Tunis, scheduled to be held later this year, the Kuwaiti diplomat said, adding that Kuwait is eager to contribute to different development projects in the country. (end) ksj.ma