Economic ties of Mongolia and Kuwait to be widened
President Ts.Elbegdorj is continuing his official visit to Kuwait. The purpose of the visit is to hold talks to widen economic ties between the two countries.
On Wednesday, President Ts.Elbegdorj met with Kuwait Fund Director General Abdulwahab Al-Bader. The President noted that the Kuwait Fund has played a crucial role in the development of the two nations’ relations and cooperation. He said that three infrastructure projects have been implemented through loans from the Kuwait Fund and two projects are being implemented at present.
Abdulwahab Al-Bader stated that the Kuwait Fund is ready to continue its cooperation with economic development projects in Mongolia.
Ts.Elbegdorj requested a loan to build the Shuren hydroelectric station and a road from Tarialan to Murun.
The sides agreed that the Development Bank (DB) of Mongolia will cooperate with the Kuwait Fund. Kuwait Fund Director General Abdulwahab Al-Bader and DB Vice Director L.Bolormaa signed a memorandum of cooperation between the DB and the Kuwait Fund for Arab Economic Development.
On Wednesday, President Ts.Elbegdorj met with Kuwait Fund Director General Abdulwahab Al-Bader. The President noted that the Kuwait Fund has played a crucial role in the development of the two nations’ relations and cooperation. He said that three infrastructure projects have been implemented through loans from the Kuwait Fund and two projects are being implemented at present.
Abdulwahab Al-Bader stated that the Kuwait Fund is ready to continue its cooperation with economic development projects in Mongolia.
Ts.Elbegdorj requested a loan to build the Shuren hydroelectric station and a road from Tarialan to Murun.
The sides agreed that the Development Bank (DB) of Mongolia will cooperate with the Kuwait Fund. Kuwait Fund Director General Abdulwahab Al-Bader and DB Vice Director L.Bolormaa signed a memorandum of cooperation between the DB and the Kuwait Fund for Arab Economic Development.
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