KFAED grants UNICEF USD 340,000

Kuwait Fund for Arab Economic Development (KFAED) on Thursday signed an agreement with UNICEF whereby the Kuwaiti fund would give an additional grant worth USD 340,000 as a contribution to financing a water project in Gaza Strip.

KFAED said in a statement that the project envisages securing water to more than 280,000 people and setting up sewage networks.

The accord was signed by KFAED’s Director General Marwan Al-Ghanem and UNICEF’s bureau representative in the Gulf Al-Tayeb Adam.

The grant is a follow-up to a USD three million worth of grant the fund has given to UNICEF to finance the venture.

Source: Kuwait News Agency

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