Arab fund for economic development grants Tunisia 14 million kuwaiti dinar loan

The Arab Fund for Economic and Social Development signed a loan agreement with Tunis worth 14 million Kuwaiti dinars to finance a project to develop Tunisian industrial areas.

In a press release, the fund said the loan would contribute to develop the industrial sector, encourage investment and industrial activities and create employment opportunities.

The press release said that the 4.5% interest bearing loan will be settled in 20 years including a four year grace period. The new loan brings the fund's total funds to development projects in Tunisia to kd 346,8 million.