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Kuwait Fund okays USD 98.4 mln funding of Tunisian roads repair
December 26, 2018, 8:30 am
KFAED Director-General Abdulwahab Al-Bader with Tunisias Minister of Development Zied Laadhari.

Kuwait Fund for Arab Economic Development signed a funding agreement worth KD 30 million (USD 98.4 million) for the rehabilitation of hundreds of kilometres of roads in Tunisia's countryside linking some 22 provinces.

The deal comes as part of a USD 500 million support and assistance package Kuwait pledged at a Tunis­held conference back in late 2016. After a signing ceremony, KFAED Director­General Abdulwahab Al­Bader revealed that the project would have a positive impact on the economic and social levels for many Tunisians.

Farmers in particular will benefit from the easing which would provide for the transport of their produce, said Zied Laadhari, Tunisia's Minister of Development, Investment and International Cooperation.

The minister also praised the Kuwaiti government fund's contributions to Tunisia over the three past decades, including some 36 projects in vital sectors such as drinking water, irrigation, dams, rural and industrial land development, healthcare and education.

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