Kuwait gives $32.5 million aid to Serbia
Posted: Mon Oct 07, 2013 3:18 pm
http://www.albawaba.com/business/kuwait ... way-448441The Kuwait Fund for Arab Economic Development has reportedly issued a loan of EUR 25 million ($32.5 million) for the construction of a railway station in Belgrade, Serbia.
A Kuwaiti delegation will come to Belgrade in late November or early December to sign a second loan agreement, Fawzi Abdulaziz Ahmad Al-Jasem, Kuwaiti Ambassador, is quoted as saying by Serbia-based newspaper Tanjug.
The newspaper also reported that the Kuwaiti fund officials could grant loans for the third and fourth phase of the project if Serbia needs them to.
