The 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 [2] 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.
A Kuwaiti [3] 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.
[4] © 2012 CPI Financial. All rights reserved. Links:
[1] http://www.syndigate.info
[2] http://www.albawaba.com/business/railway-investment-middle-east-443697
[3] http://www.albawaba.com/kuwait
[4] http://www.cpifinancial.net