Kuwait signs $102 M loan to develop Bahrain grid
This is the fourth such loan that has been signed.
Image for illustration purposes.
Kuwait, Kuwait City: The Kuwait Fund for Arab Economic Development has signed a fourth loan which is worth $102 million to help in the development of Bahrain’s electricity network, it has been reported. The loan is part of a series of loans by the Kuwaiti fund to develop 400 kV transmission networks in Bahrain. Kuwait, Saudi Arabia and the United Arab Emirates have pledged $10 billion in financial aid to Bahrain in 2018 to help rescue the country from a potential debt crisis.
Source: Zawya