Kuwait Grants $215Mn For Jordan LNG Terminal
Kuwait and Jordan on 5 May signed two grant agreements totaling $215mn to help finance two energy projects. The loans are part of Kuwait’s pledge to put together a $5bn GCC development fund together with Qatar, Saudi Arabia and the UAE, with each of the four countries providing $1.25bn. The fund was set up in December 2011 in the wake of the Arab Spring and its resources are to be disbursed over a five-year period...
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