Kuwait Fund for Arab Economic Development

The Kuwait Fund for Arab Economic Development (KFAED), which was established in December 1961, is the first institution in the Middle East that took an active role in the international development efforts. The Fund extends loans on concessional terms to finance development projects in the developing countries. KFAED also assists countries by providing technical assistance in terms of financing the cost of feasibility studies of projects, and capacity building of government and non-government officials in various areas. The Fund’s operations are focused primarily on agriculture and irrigation, transport and communications, energy, industry, and water and sewage sector. 
Maldives has been receiving assistance from the State of Kuwait since the late 1970s. The State of Kuwait has provided assistance to the Maldives through the KFAED in the form of loans and technical assistance grants. The first loan by KFAED to Maldives was in 1976, for the Airport Project and has since then provided assistance in various projects .  

YearProjectCurrencyAmount
2017Fuvahmulah Eastern Coastal Protection Project
KWD3,600,000
2016Expansion and Upgrading of Ibrahim Nasir International Airport KWD15,000,000
2014Development of Water Supply and Sewarage Facilities project in Fuvahmulah Island KWD3,200,000
20052nd Loan for Financing Male' International Airport Upgrading Project KWD1,400,000
2005Rehabilitation of Tsunami Damaged Utilities KWD2,455,619
1999Maldives Ports Development Project KWD4,492,460
1998Malé International Airport Upgrading IV KWD2,976,327
1992Maandhoo Island Fisheries ProjectKWD2,799,706
1987Airport Project/Extension KWD2,500,000
1980Fishwealth Exploitation Project KWD2,900,000
1980Merchant Shipping KWD1,026,008
1976Airport Project KWD2,150,000

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