Kuwait offers Iraq $ 60 million to develop services

The Kuwaiti Fund for Arab Economic Development intends to offer a donation of $ 60 million the Kuwaiti government had decided to give to Iraq and issued an official notification to the Fund to this effect.

The Kuwaiti government announced this donation following a meeting chaired by the prime minister on Sunday, August 29, on the ground that this donation is dedicated to help Iraq build its educational and health establishments in various areas.

Governmental sources said that a sum of $ 5 million was dedicated to meet the humanitarian needs that resulted as a consequences of recent Najaf incidents.

In a statement, the Kuwaiti minister of information Muhammad Abu al-Hassan said that these sums come as a result of support and real intention of Kuwait to enable Iraq to restore back strength and assumes economic development.

This step comes in the series of contacts and agreements between the two sides in the common cooperation fields. Kuwait's ministry of energy for electricity and water secretary Saud al-Zeid said that the implementation of the agreement will be through an electricity station to the north of Kuwait to be built by a foreign investors, rather the ministry of electricity.

On July 20 this year, both Kuwait and Iraq announced consent to resume their diplomatic representation, but so far no practical steps were taken to this effect.

In the same month, the two states signed a contract providing that Kuwait provide Iraq of 80 megawatt of electricity.