Kuwait- Arab Fund signs KD 30 mln loan deal for Tunisian dam projects

The Kuwait-based Arab Fund for Economic and Social Development (AFESD) on Monday signed a KD 30 million (USD 100 million) loan for the Tunisian government, meant to prop up strategic dam projects for provinces in the northwest, KUNA reports.

The plan will respond to the growing demand for water intended for agricultural purposes and will ensure flood protection in northwestern towns. 

AFESD and Tunisia have maintained close cooperation over the years, the fund’s chairman Dr. Abdullatif Al-Hamad told the press on the sidelines of the signing ceremony, citing the pan-Arab financial institution’s immense contributions towards development in the North African nation, the same source added.


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