{"id":56592,"date":"2021-11-11T00:00:00","date_gmt":"2021-11-11T00:00:00","guid":{"rendered":"http:\/\/kuwaitnewsgazette.com\/?guid=f5d95d003b0ba338d0859eafbba5b625"},"modified":"2021-11-11T00:00:00","modified_gmt":"2021-11-11T00:00:00","slug":"kfaed-inks-two-accords-to-fund-gas-project-aid-refugees-in-jordan","status":"publish","type":"post","link":"https:\/\/kuwaitnewsgazette.com\/kfaed-inks-two-accords-to-fund-gas-project-aid-refugees-in-jordan\/","title":{"rendered":"KFAED inks two accords to fund gas project, aid refugees in Jordan"},"content":{"rendered":"<\/p>\n
The Kuwaiti Fund for Arab Economic Development on Thursday inked a loan agreement and a grant accord to support Jordan with KD 24.2 million (USD 80) to contribute to funding the project, “Sabah Al-Ahmad port for liquefied natural gas,” and aid Syrian refugees.<\/p>\n
KFAED’s Director General Marwan Al-Ghanim said in remarks to KUNA the port venture would be financed with KD 18.2 million (USD 60 million), indicated that the loan accord stipulated re-paving the harbor pier, building a terminal for processing liquefied gas and turn it into gas at Aqaba Port.<\/p>\n
Moreover, there is a plan to link up the terminal with a gas pipeline to power stations.<\/p>\n
As to the grant pact, Al-Ghanim said it is worth KD six million (USD 20 million) and aims to complete the project for overhauling old buildings ad constructing new units At-Bashir Hospital, the planned King Abdullah Hospital and securing needs for the Syrian refugees in the kingdom.<\/p>\n
KFAED has previously presented three grants, on behalf of the State of Kuwait, to Jordan to relieve the refugees.<\/p>\n
The grant has been allocated in line with the State of Kuwait’s commitments, proclaimed at the third Brussels conference for supporting Syria’s future and the region — held in 2012 — with a total a pledged sum amounting to USD 300 million. Kuwait’s share in the declare promised sum amounted to USD 127.5 million.<\/p>\n<\/p>\n<\/p>\n
Source: Kuwait News Agency<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"
The Kuwaiti Fund for Arab Economic Development on Thursday inked a loan agreement and a grant accord to support Jordan with KD 24.2 million (USD 80) to contribute to funding the project, “Sabah Al-Ahmad port for liquefied natural gas,” and aid Syrian r…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"yoast_head":"\n