(With photos) 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) tk.asa KUNA 101656 Feb 09NNNN