In an effort made by the Kuwait Embassy to strengthen bilateral relations between Kuwait and Sri Lanka HE The Ambassador Yaqoub Yousuf Alateeqi arranged a Press Conference at the Embassy premises on 21/12/2011 on the occasion of the visit of the Kuwait Delegation from Kuwait Fund for Arab Economic Development. The purpose of the visit was to sign a loan agreement for KD.3 Million (Equivalent to US$10.2 Million) with the Sri Lankan Government. (Phase 1 “B”)
HE The Ambassador Yaqoub Yousuf Alateeqi emphasizes during the press conference the relationship between Kuwait and Sri Lanka, He also added The Kuwait Fund signed with the Government of Sri Lanka on 7/7/2010 in the loan agreement for the amount of US$ Seven Million to complete the first phase (Phase 1 A) of Project as the agreement signed on 20/12/2011 to complete the second phase of the Project (Phase 1 “B”). HE The Ambassador also added that the Government of Kuwait is any time ready cooperation with Kuwait Fund to invest in many projects such as Education, Health and High ways. It will reflect on the relationship between Kuwait and Sri Lanka which established in 1972.