Kuwait funds Mongolia airport development and enlargement
He added that the Fund also signed a grant worth KD 80,000 (approximately USD 262,000) with the Government of Mongolia to finance the technical and economic feasibility study for the project, to transform it into a Category 4C international airport to be a major driver of economic development in line with Mongolia's strategy to achieve sustainable development by 2050. He stressed that the airport expansion project will be a vital hub that contributes to facilitating transportation, stimulating trade, and creating new economic opportunities for the region, thus enhancing long-term growth and prosperity in Mongolia. The opening was attended by Minister of Roads and Transport of Mongolia Delgier Saikhan, the Ambassador of Kuwait to Mongolia Mutlaq Al-Thuwaimer, and a number of representatives of the Mongolian government. The Kuwait Fund has so far provided about KD 23.7 million (about USD 77.6 million) in soft loans, in addition to technical assistance amounting to KD 519 thousand (about USD 1.7 million) to Mongolia.
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