(MENAFN- Kuwait News Agency (KUNA)) Yemeni President Abdo Rabbo Mansour Hadi extolled here on Saturday Kuwait's supportive stances of his country during various circumstances and stances, as well as its contributions to development in Yemen through the Kuwait Fund for Arab Economic Development (KFAED).
While receiving KFAED's Director-General Abdul Wahab Al-Bader, the Yemeni President expressed his appreciation to KFAED's efforts in achieving developmental projects in Yemen.
On his part, Al-Bader affirmed that KFAED provided Yemen today with a loan worth USD 54 million to finance a project linking rural towns and villages with urban cities and centers via constructing and developing combination of rural roads in most of the Republic's governorates, as well as providing necessary exceptional services to supervise implementation and institutional support.
Furthermore, Al-Bader said KFAED would continue to provide support for Yemen in other areas to support social and economic development for Yemeni society.
Earlier, KFAED signed a loan agreement here with the Republic under which it will provide KD 15 million, equaling USD 54 million, to finance rural and urban roads project. Â
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