VOL. XXXV

NO. 34

25-MAY-1992

Financial and Banking News

Loans

KFAED Lends Oman KD6mn for Port Project

The Kuwait Fund for Arab Economic Development (KFAED) has lent Oman KD6mn($20.6mn) to finance an expansion project at Mina Qaboos port. The projectincludes the upgrading of handling capacity from 1.6mn tons/year to 2.6mn t/y,plus the construction of new buildings. The loan agreement was signed in Muscaton 9 May.