Middle East Economic Survey

VOL. LII

No 19

11-May-2009

syria

OFID Lends Syria $30Mn For Highway Project

The OPEC Fund for International Development (OFID) on 24 April signed in Damascus a $30mn loan agreement with the Syrian Ministry of Finance to part finance a highway construction project in the northeast of the country. The 300km project is part financed by the Kuwait Fund for Arab Economic Development (KFAED) and by the Syrian government. While in Damascus OFIDs Director General, Sulaiman...