The Kuwait Fund for Arab Economic Development has reportedly issued a loan of EUR 25 million ($32.5 million) for the construction of a railway station in Belgrade, Serbia, CPI Financial reports.
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A Kuwaiti delegation will come to Belgrade in late November or early December to sign a second loan agreement, Fawzi Abdulaziz Ahmad Al-Jasem, Kuwaiti Ambassador, was quoted as saying by Serbia-based newspaper Tanjug.
The newspaper also reported that the Kuwaiti fund officials could grant loans for the third and fourth phase of the project if Serbia needs them to.
Source Balkans
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