AID FLOWS
AFESD Lends $10mn for Bahrain-Kuwait Cable Link
The Arab Fund for Economic and Social Development (AFESD) has agreed to lend KD3mn ($10mn) to part-finance a marine cable-link between Bahrain and Kuwait, according to an agreement signed on 21 November. The loan is repayable over 13.5 years, including three and a half years' grace, and carries an annual interest rate of 6%. The total cost of the 520-km. marine cable is around KD14mn ($47mn) and the project is expected to...
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