CAIRO:
Acting Director General of KuwaitFund for Arab Economic Development Walid Al-Bahr affirmed on Wednesday KFAED’ssignificant role in backing up efforts and plans for enhancing standards ofliving throughout the Arab region. Al-Bahr was speaking as he received theaward of the top development venture in the Arab world—the Bahr Al-Baqr watertreatment venture. He voiced pride of earning this prestigious trophy on behalfof the fund.
This is a celebration of the collective efforts by theArab development and financial institutions that have contributed to changinglives of millions of people, he added. He indicated that the USD 416 millionproject was designed to treat huge amounts of water to spare the environmentharmful effects and contribute to irrigating huge cultivated fields. It alsocreates jobs and helps in enhancing income per capita. — KUNA
