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KFAED grants Yemen USD 50 mln for reconstruction

SANAA, April 4 (KUNA) -- The Kuwait Fund for Arab Economic Development (KFAED) on Thursday agreed to grant Yemen USD 50 million for reconstruction efforts in several Yemeni provinces The grant agreement was inked by KFAED Country Mission Chairman Tareq Al-Meneis and Yemeni Minister of International Cooperation Mohammed Al-Sa'di.
The grant is part of the funding Kuwait has pledged to Yemen in the 4th Friends of Yemen meeting held in New York last September.
It aims to rebuild the areas ruined during the violent acts that erupted in 2011 through carrying out infrastructure and service projects in governorates of Abyan, Aden, Lahj, Sanaa, Hajjah, Shabwa and Taiz. (end) az.mt KUNA 042127 Apr 13NNNN