Yemen, Kuwait signs $ 50 mln agreement

SANA'A, Jan. 18 (Saba) - Yemen and Kuwait signed here on Sunday an
agreement to fund the 3rd stage of the Social Fund for Development
(SFD) projects amounting to $ 50 million.

The agreement comes within Kuwait's intention to fulfill its
financial commitment to Yemen during the London Donor Conference
held in November 2006 which amounted to $ 200 million to support
development process in Yemen.

The agreement was signed by Minister of Planning and International
Cooperation Abdul Karim al-Arhabi from the Yemeni side, while the
Kuwaiti side was represented by the Economic Advisor of the Kuwaiti
Fund for Arab Economic Development (KFAED) Tareq al-Menayes.

After signing the agreement, al-Arhabi praised the deep historical
relations linked the two countries, highlighting that both
countries' leaderships are keen on pushing the brotherly relations
between the two countries forward.

Al-Menayes affirmed that the cooperation between Yemen and Kuwait
would witness more progress in the coming years.