Kuwait Fund Hosts Jordanian Military Delegation

The Kuwait Fund for Arab Economic Development hosted a military delegation from the Royal National Defense College of the Hashemite Kingdom of Jordan at its headquarters today, in the presence of Thamer Al-Filikaoui, Director of the Operations Department at the Fund, as part of an official visit aimed at familiarizing the delegation with the nature of the Fund’s work and its development activities.

Al-Filikaoui welcomed the visiting delegation, emphasizing the Fund’s commitment to strengthening cooperation and coordination with the sister Kingdom in identifying priorities for financing development projects and providing development assistance to Arab countries and other developing nations.

The visit included a brief introductory presentation on the Fund’s activities in Jordan and Arab countries. Gazai Al-Mutawa, the Fund’s Observer for Arab Countries Affairs in the Operations Department, and Rola Al-Murshed, an Economist at the Fund, outlined the Fund’s journey and achievements since its establishment, as well as the nature of its work and development activities in 107 countries worldwide, reflecting the role of the State of Kuwait in supporting development efforts and international cooperation.

Al-Murshed provided a detailed explanation of the Fund’s policy on financing development projects in Arab countries and other developing nations, as well as the procedures followed when processing loan applications from beneficiary countries. She noted that the total number of loans provided by the Fund to countries and institutions to finance development projects amounted to approximately 1,043 loans with a total value of $22.5 billion, in addition to approximately 361 grants totaling $1.37 billion.

For his part, Al-Mutawa clarified that the total number of loans provided by the Fund to finance development projects in the Kingdom, from 1962 to the present, amounted to approximately 33 loans with a total value of $830.7 million, in addition to 9 grants and technical assistance packages. He further noted that the total value of grants managed by the Fund on behalf of the Government of the State of Kuwait in Jordan since 2012 reached approximately $1.25 billion.

On their part, members of the Jordanian military delegation expressed their appreciation for the visit, which allowed them to learn about the nature of the Fund’s work, its development objectives, and the mechanisms for financing development projects and its activities worldwide. They commended the warm reception and the information contained in the introductory presentation.

At the conclusion of the visit, Al-Filikaoui presented a commemorative plaque to the Jordanian military delegation, in recognition of the efforts undertaken by the Kingdom to enhance joint development cooperation with the State of Kuwait in general, and with the Kuwait Fund for Arab Economic Development in particular.