DAMASCUS, Feb 10 (KUNA) -- Board chairman of the Arab Fund for Economic and
Social Development (AFESD), Dr. Abdullatif Al-Hamad, is scheduled to sign
several agreements in Damascus on Wednesday with the Syrian government, a
local media source reported on Tuesday.
The source told Kuwait News Agency KUNA, that Al-Hamad will arrive in
Damascus tonight, where he will hold talks with Syrian Prime Minister Muhammad
Naji Al-Utri, and several government officials.
After meetings, the two sides will sign an agreement to finance the third
stage of the Arab Gas line, which transfers gas from Egypt to Jordan, Syria,
Lebanon and Turkey and from there to Europe, and financing road projects, and
the expansion of the electricity plants in Southern Syria.
Al-Hamad and the Syrian officials will concentrate discussions on projects
discussed on the sidelines of the Arab Economic Summit in Kuwait last month.
AFESD finances important sectors in Syria, like electricity, roads, water,
and sewage plants. The volume of loans presented by AFESD to Syria are
estimated to more than KD 600 million.(end)
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