Kuwait Fund signs KD 3m loan pact to support hospital construction in Maldives

Kuwait Fund for Development has signed a loan agreement with the Maldives, under which the fund will extend a KD 3 million loan to contribute to financing the construction of the New Thaa Atoll Veymandoo Hospital.

The agreement, which forms part of the ongoing development cooperation between Kuwait and the Maldives, was signed in Malé by Rashaid Ali Al-Bader, acting director general of the Kuwait Fund for Arab Economic Development, and Hassan Zareer, minister of finance and public enterprises, on behalf of the Maldives government.

The project aims to improve health care services on Veymandoo Island and the neighboring islands within Thaa Atoll, a group of coral islands in the Maldives.