E 23 Million Loan from Kuwait for National Hospital

Swaziland LoanKFAED signs E23 million loan deal with Swaziland

(courtesy KUNA) KUWAIT, Feb 20, 2016; – The Kuwait Fund for Arab Economic Development (KFAED) and the Kingdom of Swaziland have signed a KD-4.5-million (approx. E 23,146,300) loan agreement on 19th Feb. 2016 for financing a hospital project in the kingdom.

The signing ceremony was attended by Ambassador of the State of Kuwait and dean of the Arab Diplomatic Corps in the Republic of South Africa, and non-resident to the Kingdom of Swaziland, Hassan Bader Al-Oqab.

The loan agreement aims to contribute to the funding of a national hospital in the Kingdom of Swaziland, the Kuwaiti Embassy said in a press statement.

The loan agreement was signed on behalf of the government of Swaziland by Finance Minister Martin Dlamini and Deputy Director of the Kuwait Fund for Arab Economic Development (KFAED) Hamad Sulaiman Al-Omar, it said.

This project aims to support the social and economic development in the Kingdom of Swaziland, through the provision of comprehensive medical, therapeutic and specialist services to meet the demand for health care in the Kingdom.

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