Friday, 20 September 2019 08:29 GMT

Kuwait- Morocco hails KFAED-funded development projects

(MENAFN - Kuwait News Agency (KUNA)) Morocco's National Office of Electricity and Drinking (NOED) Water has commended contributions by Kuwait Fund for Arab Economic Development (KFAED) in the development projects carried out in Morocco.

This remark was made during a visit organized by KFAED to a delegation of outstanding Kuwaiti female students to the NOED office. The visit is part of a student trip to the country that lasts till January 17.

"The KFAED donated KD 3.5 million in 1975, as its first contribution, to build the thermal power plant to generate electricity in Kenitra city in the northern Morocco and contributed KD 10.5 million in 1992 to finance building of a hydroelectricity station," NOED official Ibrahim Botmoula told KUNA on the sidelines of the visit.

The KFAED also donated about KD 6 million to build a power plant in the country in 1998, he said, noting that two other power projects totaling KD 35 million funded by the KFAED are about to be completed.

The KFAED also contributed 14.8 million to the mega project to link rural areas with the national electricity grid from which 25 percent of population benefited, Head of the rural areas electricity project Shuhaib Abdulmajeed told KUNA.

Officials briefed the students delegation on the NOED's activities, mainly general utilities implemented nationwide. The delegation will also pay visits to other KFAED-funded projects in the country.

The KFAED-sponsored trip is held on annual basis and it had been organized since 2010 with the aim to familiarize distinguished Kuwaiti high students with the Fund's activities and projects in countries of operation.

The KFAED has provided Morocco with 39 Loans totaling about KD 387 million Kuwaiti Dinars to finance projects in various sectors, in addition to grants and technical assistance totaling about KD 1.14 million to finance the preparation of the technical and economic feasibility studies for two projects in the sectors of Potable Water and Social Services The grants of the government of Kuwait to Morocco is also estimated at 211.72 million.

Kuwait- Morocco hails KFAED-funded development projects


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