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Kuwait signs $80m contracts for five healthcare projects in Tunisia

Kuwait Fund for Arab Economic Development has inked deals to fund the construction of four hospitals, and the feasibility study of a cancer centre, in the country

Kuwait's KFAED will fund the development of five healthcare projects in Tunisia.
Kuwait's KFAED will fund the development of five healthcare projects in Tunisia.

Five Tunisian healthcare projects, with a combined value of approximately $79.7m (KWD24.3m), have been approved for funding by Kuwait. 

Kuwait Fund for Arab Economic Development (KFAED) has signed a loan agreement worth $79.4m (KWD24m) to build four hospitals across Tunisia.

READ: Kuwait to fund $73m projects in West Africa

Funding for the four hospitals will be provided at an interest rate of 1.5%, to be repaid within 20 years, with a four-year grace period. 

Construction, as well as equipment sourcing, for the four hospitals will be completed through the sum. 

Each hospital will be constructed with a capacity for 105 beds, with the projects – which also include service buildings – due for completion in 2021. 

Additionally, a grant worth $993,400 (KWD300,000) has been approved to prepare a technical and economic feasibility study for a cancer centre in the Tunisian capital.

In a press statement, KUNA reported that the project would "provide necessary medical services so as to decrease death rates caused by a delay in treatment, [and] also absorb pressures on other cancer centres" in the country. 

KFAED's director-general, Abdulwahab Al-Bader, said the loan and grant were provided as part of the support programme announced by Kuwait during the Tunisia 2020 conference last December.

 

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Construction Week - Issue 746
Jul 20, 2019