annual report 2013 - arab fund for economic and social...

P. O. Box: 21923 Al-Safat 13080 Kuwait - Tel.: + 965 24959000 - Facsimile: +965 24815750/ 70 / 60 Email: [email protected] - Internet Web Site: www.arabfund.org - Address: Arab Organizations Headquarters Building - Airport Road, Shuwaikh Kuwait - State of Kuwait

Arab Fund for Economic & Social Development

Ann

ual R

epor

t 201

3

Arab Fund for Economic & Social Development

Annual Report 2013

Arab Fund for Economic & Social DevelopmentP.O. Box: 21923 - Safat 13080, Kuwait

Telephone: +965 24 95 90 00Facsimile: +965 24 81 57 50 / 60 / 70

Electronic Mail: [email protected] Web Site: www.arabfund.org

Address: Arab Organizations Headquarters BuildingAirport Road, ShuwaikhKuwait - State of Kuwait

2 Annual Report 2013

Annual Report 2013 3

Arab Fund For Economic & Social Development

Member States, Governors and Alternate Governors

(1) States are listed in the order in which their names appear in the list of signatories to the Agreement Establishing the Fund, and according to the date of adhesion to the Agreement.

(2) Names of Governors and Alternate Governors are given as at 31/12/2013. * Membership suspended pursuant to Board of Governors’ Resolution No. 3 of 1993, which has been extended annually by subsequent resolutions of the

Board of Governors until 2013.

Member States(1) Governors(2) Alternate Governors(2)

The Hashemite Kingdom of Jordan H.E. Dr. Ibrahim Saif H.E. Dr. Saleh A. Al-Kharabsheh

The Republic of Tunisia H.E. Mr. Mohamed Lamine Doghri -

The Algerian Democratic and People’s Republic H.E. Mr. Karim Djoudi -

The Republic of Sudan H.E. Mr. Bader El-Din Mahmoud Abbas -

The Republic of Iraq - -

The Kingdom of Saudi Arabia H.E. Dr. Ibrahim Bin Abd-El-Aziz Al- Assaf -

The Syrian Arab Republic - -

State of Libya H.E. Dr. Al-Kilani Abdul Karim Al-Kilani -

The Arab Republic of Egypt H.E. Dr. Ziad Bahaa El-Din H.E. Mr.Osama Saleh

The Republic of Yemen H.E. Dr. Mohammed Saeed Al-Saadi H.E. Dr. Mohamed Ahmed Ali Al-Hawri

The State of Kuwait H.E. Sheikh Salem Abdul Aziz Al Sabah -

The Republic of Lebanon H.E. Mr. Nabil Adnan Al-Jisr H.E. Mr. Alain Bifani

The Kingdom of Morocco H.E. Mr. Mohamed Boussaid H.E. Mr. Khalid Safir

United Arab Emirates H.E. Mr. Obaid Humaid Al-Tayer -

The Kingdom of Bahrain H.E. Sheikh Ahmed Bin Mohammed Al-Khalifa H.E. Mr. Yousif Abdulla Humood

The State of Qatar H.E. Mr. Ali Shareef Al Emadi -

The Somali Democratic Republic* - -

The Islamic Republic of Mauritania H.E. Dr. Sidi Ould Bebbaha Ould Tah H.E. Mr. Ahmedo Ould Ely

Sultanate of Oman H.E. Mr. Darwish Bin IsmaeelBin Ali Al-Bulushi -

Palestine H.E. Dr. Nabil Hani Al-Qaddumi H.E. Dr. Ismail El-Zabri

The Republic of Djibouti H.E. Mr. Ilyas Moussa Dawaleh -


Director General / Chairman of the Board of Directors

Mr. Abdlatif Y. Al-Hamad

Members of the Board

Mr. Abdulwahab Al-Bader

Mr. Ibrahim Bin Mohamed Al Mofleh

Mr. Benaouda Merad

Mr. Taher Sarkez

Dr. Samir El Sayiad

Mr. Mohamed Abdulbaki

Mr. Ali Bin Mohammad Bin Jaffar

Mr. Fouzi Lekjaa

Board of Directors


(KD Million)

Capital* 2500.0

Total Resources 2824.8

Loans

Number of Loan Agreements Signed During the Year 18

Total Amount of Loan Agreements Signed During the Year 388.0

Total Number of Loans 611

Cumulative Loan Agreements Signed 7986.1

Cumulative Disbursements on Effective Loans 5356.5

Cumulative Loan Repayments 2698.3

Debt Owed to the Arab Fund 2658.2

Grants

Total Number of Grants 1031

Cumulative Grant Commitments 190.8

Cumulative Grant Disbursements 147.0

* During its Annual Meeting held on April 2, 2013, the Board of Governors resolved to increase the authorized capital of the Arab Fund to KD 4 billion and to raise the subscribed capital to KD 3 billion. This capital increase is to be effected through the capitalization of part of the additional reserve in the amount of KD 500 million, and by means of additional subscriptions by member states in the aggregate amount of KD 500 million, to be paid in installments over 5 years.

Basic Financial Data on the Arab Fund

as at 31/12/2013


Overview of Arab Fund Activities

Introduction

During 2013, the Arab Fund continued its activities aimed at supporting Arab countries’ development efforts through the implementation of high priority economic and social projects. Its lending program focused on infrastructure projects intended to provide basic services, increase production capacity, and improve the investment environment in Arab countries. Furthermore, the Arab Fund continued to allocate national and inter-Arab grants to member countries aimed at providing institutional support and training, implementing emergency programs in some countries, conducting general studies and research, contributing to feasibility studies and project preparation, as well as organizing seminars and conferences.

Public Sector

The Arab Fund extended 18 loans to the public sector in 2013, in 8 Arab countries, for a total amount of about KD 388.0 million. These loans were used for the implementation of 18 projects, including 17 new and 1 previously financed project. The total cost of these projects was estimated at about KD 1.7 billion, with the loans provided by the Arab Fund covering about 23.3% of that amount. The share of loans provided to the transport sector represented about 36.6% of the total loan commitments during the year, and that of the energy and electricity sector about 26.8%. The water and sewerage sector accounted for about 13.4%, the industry and mining sector for about 8.3%, the agriculture and rural development sector for about 7.7%, and the social services sectors for about 7.2%, of the total amount of loans.

Private Sector

The Arab Fund continued to promote the role of the private sector in the development of Arab countries. During the year, the Board of Directors approved the Arab Fund’s participation in the capital of the International Finance Corporation’s fund established to invest in private sector facilities and companies in the Middle East and North Africa region. The Arab Fund also signed the subscription and shareholders agreement relating to its equity participation in a sugar production company in Egypt.

Cumulative Loans

Since the commencement of its activities in 1974 and until the end of 2013, the cumulative number of loans provided by the Arab Fund to the public and private sectors has reached 611 loans for a total amount of about KD 8.0 billion. These loans contributed to the financing of 516 projects in 17 Arab countries, and covered about 25.0% of the total cost of these projects. The infrastructure sectors received the majority of loans extended during that period, with a share of about 70.1% of the total amount of loans, followed by the productive sectors with about 20.3%, then the social services sectors with about


7.0%, and the other sectors with about 2.6%. The cumulative number of loans extended to the private sector reached 12 loans for a total amount of KD 48.3 million. The Arab Fund also contributed to the capital of 6 private companies with an amount equivalent to KD 25.2 million. Cumulative disbursements of loans extended by the Arab Fund over the period 1974 - 2013 amounted to about KD 5.4 billion, representing about 79.4% of the net amount of effective loans.

Grants

The Arab Fund provided 22 national and inter-Arab grants in 2013, for a total amount of about KD 7.4 million. These grants included 12 national grants for a total amount of about KD 5.1 million, about 55.3% of which was allocated for the implementation of emergency programs, and about 32.7% for institutional support and training. The grants also included 10 inter-Arab grants for a total amount of about KD 2.3 million, about 67.8% of which was allocated for institutional support and training, and about 26.3% for seminars and conferences.

Cumulative Grants

The cumulative number of grants extended by the Arab Fund, since the commencement of its operations and until the end of 2013, reached 1031 grants, for a total amount of about KD 190.8 million. They included 540 national grants amounting to about KD 132.3 million and 491 inter-Arab grants amounting to about KD 58.5 million. About 82.6% of the net amount of these grants was disbursed.

Support to Palestine

The Arab Fund continued its contribution to the Urgent Program to Support the Palestinian People, in compliance with the decisions of the Arab Fund’s Board of Governors since 2001. During 2013, the Arab Fund allocated about KD 10.4 million to the eleventh phase of the program. Thus, the total contribution of the Arab Fund to this program over the period 2001-2013 reached about KD 123.9 million.

Other Activities

The Arab Fund continued to act as the Coordination Secretariat of the Coordination Group, which includes the Arab national and regional development institutions, and prepare their periodic meetings. The twelfth meeting of the Heads of these institutions took place during the year. The seventy second Coordination Group meeting also took place during the year, with the participation of several international institutions.

Special Account projects were studied during the year in seven Arab countries, through the evaluation of the needs of small and medium enterprises, and the determination and choice of intermediaries qualified to borrow from the Special Account to finance these projects. Furthermore, Special Account representatives participated in several events in Arab countries on the development of small and medium enterprises.


The Arab Fund allocated a grant to conduct a study aimed at achieving food security for Arab countries through the Sudan project. It is expected that this study, and the projects resulting from it, will help increase the utilization of water, land and human resources available in Sudan, and satisfy the increasing food needs in Arab countries.

The Arab Fund allocated a grant as a contribution toward the preparation of two studies: the first on “Arab Integration” and the second on “The Arab World in the Year 2025”, in cooperation with the Economic and Social Commission for Western Asia (ESCWA). The first study will address the subject of Arab integration from the perspective of its relationship to economic and social development in the Arab region. The second study aims at exploring the Arab future by analyzing a number of interrelated “scenarios”, which take into account the current situation in the Arab world and its future prospects.

Financial Statements

According to the Arab Fund’s financial statements for the year ending 31/12/2013, total income was about KD 87.15 million compared to about KD 112.00 million in 2012, while total administrative expenses were about KD 8.06 million compared to about KD 8.38 million in 2012. The Arab Fund’s net profit for the year 2013 was about KD 33.51 million, compared to about KD 103.62 million for the year 2012. The statements also show that total member countries’ equity was about KD 2824.79 million as at 31/12/2013, compared to about KD 2808.63 million at the end of 2012.


First: The Lending Program

Preamble

During 2013, the Arab Fund provided increased support to projects aimed at reinforcing Arab countries’ development efforts, and improving their infrastructure and basic services. The lending program for the year focused on infrastructure projects, and priority was given to the development of projects in the sectors of transport, energy and electricity, and water and sewerage. The program also included projects in industry, agriculture and rural development, and social services.

Study and Appraisal of Projects

During the year, the Arab Fund studied several requests it received from member countries for financing projects. These projects were then appraised by the Arab Fund’s technical staff through office work and field trips to ensure their technical and economic feasibility, and their conformity with development program priorities in member countries. During 2013, 14 projects were appraised; the total amount of loans expected to be provided for these projects is about KD 405.0 million.

Loan Agreements Signed During 2013

A total of 18 loan agreements were signed during the year, for a total amount of about KD 388.0 million. These loans contributed to the financing of 18 public sector projects, in 8 Arab countries. The total cost of these projects was estimated at about KD 1.7 billion, with the loans provided by the Arab Fund covering about 23.3% of that amount.

Effective Loan Agreements

A total of 12 loan agreements with 7 Arab countries, amounting to about KD 251.0 million, became effective in 2013. These loans were provided for the implementation of strategic projects in areas that included energy, transport, water and sewerage, and industrial projects.

Public Sector Projects

The Arab Fund extended 18 public sector loans during the year, amounting to KD 388.0 million, for the implementation of 17 new projects and 1 previously financed project. Table 1 shows the loan commitments by the Arab Fund during 2013, and Annex 1 provides the project sheets for these loans.

Infrastructure sectors accounted for about 76.8% of the total amount of loans provided during 2013, in light of priorities of member countries’ plans and programs that focused on improving these sectors, and providing an environment conducive to investment and employment opportunities. Five loans were extended to finance transport projects,


and amounted to KD 142.0 million or about 36.6% of the total. These projects aim at developing and improving land transport services in Egypt, Mauritania and Yemen, developing maritime transport services through the implementation of the second phase of the Tangiers Med II port in Morocco, and developing air transport services through the construction of the new Nouakchott international airport in Mauritania.

Four loans were extended to finance energy and electricity projects in three Arab countries, namely, Mauritania, Jordan and Sudan. These loans, amounting to KD 104.0 million, represented about 26.8% of the total amount of loans provided during the year. The projects aim at satisfying the increasing demand for electricity in the beneficiary countries. Four loans were also allocated for water and sewerage projects, and amounted to KD 52.0 million. The projects aim at satisfying the increasing demand for drinking water in Morocco, Djibouti and Mauritania, as well as providing sewerage services in Yemen. The loans provided by the Arab Fund during the year also included two loans for a total amount of KD 32.0 million to finance industrial projects in Sudan and Tunisia, two loans for a total amount of KD 28.0 million to finance projects in the social services sectors in Yemen, in addition to a loan for an amount of KD 30.0 million to complete a project in the agricultural and rural development sector in Sudan.


Table 1Loan Commitments During 2013

No. Country Project Amount of Loan(KD Million)

Date of Signature of Loan Agreement

1. Republic of Sudan Loan Program for Industrial Development Projects 10.0 02/01/2013

2. Kingdom of Morocco Water Supply of Tetouan Area 7.0 31/01/2013

3. Islamic Republic of Mauritania

Development of Power Generating Stations for Interior Cities 3.0 03/02/2013

4. Hashemite Kingdom of Jordan

Al-Samra Electric Power Generating Station (Phase VI) 30.0 11/02/2013

5. Republic of Sudan Upper Atbara and Setit Dams Complex (Supplementary Loan) 30.0 18/03/2013

6. Republic of Yemen Sanitary Networks in Sana’a (Phase IV) 15.0 20/03/2013

7. Arab Republic of EgyptModernization of the Signaling System on the Benha - Zagazig - Ismailia - Port Said Corridor

44.0 02/04/2013


Construction of a 30 MW Wind Farm in Nouakchott 14.0 02/04/2013


Néma - Mali Border Road (Section III) 9.0 02/04/2013

10. Republic of Tunisia Mdhila 2 Triple Super Phosphate Fertilizer Production 22.0 19/06/2013


New Nouakchott International Airport 9.0 09/07/2013

12. Republic of DjiboutiRehabilitation of the Distribution Networks of Drinking Water in Djibouti City

10.0 09/07/2013

13. Republic of Yemen Reconstruction of Abyan 10.0 11/07/2013

14. Republic of Yemen Educational Hospital for Aden University 18.0 11/07/2013

15. Republic of Yemen Rehabilitation and Expansion of Sana’a - Al Hudaydah Road 30.0 11/07/2013

16. Republic of Sudan Nyala - El-Geneina Transmission Line to the Darfur States 57.0 11/07/2013


Drinking Water and Development of Oases in Rural Areas. 20.0 15/12/2013

18. Kingdom of Morocco Tangier Med II Port (Phase II) 50.0 17/12/2013

Total 388.0


Private Sector Projects

The Arab Fund continued to support and promote the role of the private sector in the economic and social development of Arab countries. During the year, the Arab Fund received many requests to participate in the financing of private sector projects in various areas, including agriculture and fisheries, electricity, flour mills, tourism and other services. Upon studying such requests, it became evident that most of them do not meet the requirements set forth in the Arab Fund’s guidelines for private sector financing. The reasons for not meeting the requirements included incomplete project studies for evaluation purposes, lack of sufficient guarantees, inappropriate legal status of project entities or their lack of financial and administrative capabilities, in addition to the fact that some member countries have not yet provided the Arab Fund with the necessary immunities and exemptions commitments regarding its activities in the private sector in those countries.

The financing requests received during the year, which are currently being studied and whose data and other documents required for their evaluation are being compiled, relate to a power generating station project in Egypt, the expansion of a flour mill factory in Yemen, a touristic complex project in Morocco, a housing city project in Egypt and a hotel project in Mauritania.

During 2013, the Board of Directors approved the Arab Fund’s participation in the capital of the International Finance Corporation’s fund established to invest in private sector facilities and companies in the Middle East and North Africa region, with an amount that does not exceed KD 10 million. This fund aims at supporting and encouraging individual initiatives, and stimulating the private sector, through taking advantage of new and profitable investments in private sector companies and enterprises in Arab countries members in both the International Finance Corporation and the Arab Fund.

The Arab Fund also signed, during the year, the subscription and shareholders agreement relating to its equity participation in Al Sharkey Sugar Manufacturing Company, which was established for purposes of implementing and operating Al Noran sugar project in the Sharkey province in the Arab Republic of Egypt. This project is one of the largest sugar production plants in Egypt, as its annual production capacity is expected to exceed half a million tons of sugar when it becomes operational. The project is expected to reduce the current gap between the supply and demand for sugar in Egypt by 25%, as well as provide about 3,000 direct and 50,000 indirect employment opportunities in the areas of agriculture, transport and distribution. Moreover, the project will help conserve water as it will depend exclusively on sugar beet.

The total cost of the project is estimated at about 2.5 billion Egyptian Pounds (EGP), the equivalent of about KD 102.2 million. The project will be financed through subscription to shares of the capital stock of the company that will own and operate it, in the amount of about EGP 637.0 million, the equivalent of about KD 26.0 million. The remaining financing will be provided through an Islamic syndicated term facility to be arranged by a group of local Egyptian banks, and through an Islamic mezzanine facility managed


by the Islamic Corporation for the Development of the Private Sector, a member of the Islamic Development Bank Group. The Arab Fund will contribute to the financing of the project with an amount that does not exceed the equivalent of KD 10 million, through both a contribution to the equity capital of the company and the use of the Islamic mezzanine facility managed by the Islamic Corporation for the Development of the Private Sector.

The Arab Fund played a pivotal role in the design and structuring of the project documents and its financing agreements, and in setting appropriate pillars and mechanisms for the governance of the project company for purposes of ensuring fairness and transparency of all deals and transactions entered into by the company with parties. These efforts culminated in the signing, in April 2013, of the subscription and shareholders agreement of the project company by the Arab Fund, the project promoters, Al Noran Sugar Company, Noran MultiTrading Company, the Islamic Corporation for the Development of the Private Sector, and the Egyptian Sugar and Integrated Industries Company owned by the Egyptian Government.

During the year, all works related to the central cold storage project of the Logistics Company for Storage Services in Egypt, to whose capital the Arab Fund contributed 25%, were completed, and the company made all the necessary arrangements to conduct the commissioning and start up tests of the project.

With regards to the repayment of loans provided by the Arab Fund to finance private sector projects, four loans were fully repaid as at 31/12/2013 for a total amount of KD 9.0 million. These loans have generally helped attain the objectives of the financed projects. Monitoring of Projects

The Arab Fund continued to monitor the progress of ongoing projects, follow the implementation of the covenants set forth in their loan agreements, and take the necessary steps to ensure their proper implementation. During 2013, 11 projects were completed; their total cost amounted to about KD 0.9 billion, with the Arab Fund covering about 26.3% of that cost.

Cumulative Lending Activities

Since the commencement of its operations in 1974 and until the end of 2013, the Arab Fund extended 611 loans, for a total amount of about KD 8.0 billion. These loans contributed to the financing of 516 projects in 17 Arab countries, and covered about 25.0% of the total cost of these projects. Annex 3 presents a summary of the loans extended to member countries over the period 1974-2013, while Annex 5 provides details on these loans.

The cumulative amount of loans extended by the Arab Fund for infrastructure projects reached about KD 5.6 billion, or about 70.1% of the total amount of loans, of which about KD 2.6 billion was earmarked for energy and electricity projects, about KD 2.1 billion for transport and telecommunications projects, and about KD 0.8 billion for water and sewerage projects.


During the Period 1974 - 2013

Energy & Electricity

32.8%

Industry & Mining

5.9%

Agriculture & Rural Dev.7.7%

Industry & Mining

8.3%

Water & Sewerage13.4%

Social Services7.2%

Transport & Telecom.

26.8%

Social Services7.0%

Agriculture & Rural Dev.

14.4%

Sector2013 1974 - 2013

Amount % Amount %

1. Infrastructure Sectors

Transport and Telecommunications 142.00 36.6 2137.90 26.8

Energy and Electric Power 104.00 26.8 2620.75 32.8

Water and Sewerage 52.00 13.4 837.25 10.5

Subtotal 298.00 76.8 5595.90 70.1

2. Productive Sectors

Industry and Mining 32.00 8.3 472.03 5.9

Agriculture and Rural Development 30.00 7.7 1146.80 14.4

Subtotal 62.00 16.0 1618.83 20.3

3. Social Services Sectors* 28.00 7.2 564.50 7.0

4. Other Sectors** 0.00 0.0 206.83 2.6

Grand Total 388.00 100.0 7986.05 100.0

* Include Education, Health, Housing and Social Development.** Include Loan Commitments for Emergency Projects.

Table 2 Loan Commitments by Sector

(KD Million)

Sectoral Distribution of Loan Commitments (Percentage)

Energy & Electricity26.8%

Other Sectors2.6%

Water & Sewerage

10.5%

During 2013

Transport & Telecom.

36.6%


Loans for productive sector projects amounted to about KD 1.6 billion, or about 20.3% of the total amount of loans, of which about KD 1.1 billion was earmarked for projects in agriculture and rural development, and about KD 0.5 billion for projects in industry and mining. Loans for projects in social services sectors amounted to about KD 0.6 billion, accounting for about 7.0% of the total, and were allocated to finance projects in education, health, housing and social development. The remaining 2.6% of the total amount of loans, about KD 0.2 billion, was provided to finance projects in other activities.

In addition to financing the main components of projects, the loans also contributed to institutional support of the entities involved and training of their employees in order to enhance their efficiency. Table 2 shows the sectoral distribution of the loans extended by the Arab Fund during 2013 and over the period 1974-2013, while Annex 4 provides a summary of that distribution among beneficiary member countries over the same period.

The cumulative lending activities of the Arab Fund also included 12 loans for private sector projects, for a total amount of KD 48.3 million, which contributed to 10 projects in Bahrain, Yemen, Mauritania, Sudan and Jordan. These loans covered various areas, such as health services, tourism, iron and steel production, glass manufacturing, glass coating, cement, grain silos and flour mills, sugar refining and lease financing of small and medium projects and enterprises. In addition to the loans extended to the private sector, the Arab Fund also contributed to the capital of 7 private companies in 4 Arab countries in the areas of healthcare, glass container manufacturing, iron and steel production, cement production, power generation, storage facilities and sugar production.

Inter-Arab Projects

The Arab Fund maintained its support to joint Arab efforts to build a basic framework and to strengthen means of communication and interconnections between member countries. Since the start of its operations in 1974 and until the end of 2013, the Arab Fund extended 65 loans for a total amount of about KD 349.1 million. These loans contributed to the implementation of 31 inter-Arab projects in the areas of telecommunications, electric power, natural gas and international roads. Total disbursements of these loans reached about KD 291.7 million at the end of 2013, or about 94.8% of their net amount. Annex 6 provides details on the loans extended by the Arab Fund to finance inter-Arab projects over the period 1974-2013.

Co-Financing Activities

The Arab Fund also continued its co-financing of projects in Arab countries with Arab national, regional and international development institutions. During 2013, four projects were co-financed with other institutions. These projects included land and maritime transport projects, industry and mining projects, and agriculture and irrigation projects. During the period 1974-2013, the total contribution of the Arab Fund to projects co-financed with Arab national, regional and international development institutions reached about KD 3.7 billion, representing about 31.3% of the total amount of co-financing of about KD 11.8 billion. Annex 8 provides details on co-financing activities over that period.


Disbursements and Repayments

Total disbursements during 2013 amounted to about KD 251.5 million, of which about KD 0.1 million were disbursed to finance private sector projects. Cumulative disbursements of all loans over the period 1974-2013 amounted to about KD 5356.5 million, including KD 39.4 million for private sector projects. Repayments of loans in 2013 amounted to about KD 158.4 million, of which about KD 6.6 million were from the private sector. Cumulative repayments over the period 1974-2013 totaled about KD 2698.3 million, which represented about 50.4% of cumulative disbursements.


Box 1 The Universal Networking Digital Language

In order to break the language barrier between researchers from different parts of the world, the Universal Networking Digital Foundation, a non-profit organization located in Geneva, Switzerland, is developing a program, the Universal Networking Digital Language (UNDL), that could be used to translate between 49 languages. The program includes all major languages used worldwide, such as Arabic, English, Chinese, French, Spanish, Russian, Portuguese, etc. This is accomplished by creating 49 different digital dictionaries, one for each language, and developing 49 programs (encoders), to translate from each language to an intermediate digital language and a similar number of translators (decoders) to translate back from the intermediate language to any of the 49 languages.

Recognizing the potential benefits of such a program to Arab citizens, in general, and Arab researchers, in particular, the Arab Fund extended, over the last 10 years, eight grants, totaling around KD 2.5 million to support the development of this program. A significant part of these funds is being used to establish and support the activities of the Arabic Computational Linguistic Center, located in the Library of Alexandria (Bibliotheca Alexandrina), Egypt.The Center is responsible for creating the Arabic digital dictionary and developing the Arabic decoder and encoder, and the interface between them and the intermediate language, which is being developed by the UNDL Foundation.

The dedicated efforts of the teams working on this program are starting to bear fruit. The year 2014 should witness the launching of three applications. The first application is a multi-lingual dictionary containing over 10 million words of which 20% are Arabic, the second is a language to language translator that also understands sentence syntax and has the capability of improving such syntax, and the third is a knowledge extraction system. This application will display all usages of a word, to denote whether it was used to name a person, a street, a city or a treaty.

Based on a suggestion made by the Arab Fund, all three applications will be available free of charge on the internet, as a result of the UNDL Foundation donating the ownership rights of the program to the United Nations for the use of the public at large. The UN, in turn, has entrusted the Foundation with developing the program, conducting workshops worldwide to broaden its use, and encouraging users and developers to interact with it to improve its performance.


Second: Grants Grants During 2013

Many grant applications were reviewed during 2013, and priorities were determined in coordination with the concerned institutions in the member countries, subject to available resources. A total of 22 grants, amounting to about KD 7.4 million, were approved during the year. These grants included 12 national grants which amounted to about KD 5.1 million, and were provided to 6 Arab countries. The grants also included 10 inter-Arab grants which amounted to about KD 2.3 million, and were allocated to support activities of common interest to most Arab countries. Table 3 presents the national and inter-Arab grants approved during 2013. The Arab Fund continued to give priority to activities that reinforce institutional support and training, with 13 grants allocated to these activities for a total amount of about KD 3.2 million, representing about 43.5% of total grants provided during the year. These grants included 7 national grants for a total of about KD 1.7 million, and 6 inter-Arab grants for a total of about KD 1.5 million. The grants aimed at enhancing the performance of specialized institutions by improving the quality of services they provide, in addition to supporting the activities of research and education centers, providing several health centers with equipment and supplies to improve their services, contributing to the general census of population and housing in some Arab countries, as well as contributing to the development of the Universal Networking Digital Language program. The grants provided during 2013 included 2 grants, for a total amount of about KD 2.8 million, for the implementation of emergency programs. These grants, representing about 38.3% of the total amount of grants provided during the year, were allocated as a contribution to the projects and programs for the urgent relief of the Syrian refugees in Jordan and Lebanon. Grants were also allocated for the financing of studies and research in Arab food security. Table 4 shows the grant commitments by activity.

Cumulative Grants

Since the beginning of its operations and until the end of 2013, the Arab Fund provided 1031 grants for a total amount of about KD 190.8 million. They included 540 national grants, amounting to about KD 132.3 million, which were allocated as follows: about KD 64.1 million for institutional support and training, about KD 16.6 million for feasibility studies and project preparation, about KD 5.3 million for general studies and research, and about KD 164 thousand for seminars and conferences. These grants aimed at improving the performance of specialized institutions, enhancing the quality of services they provide, training their employees and managers, developing their information and data systems, undertaking population censuses, supporting the activities of several research centers, and preserving national heritage. Furthermore, national grants included grants for a total amount of about KD 46.2 million, which were allocated to support emergency programs to alleviate the effects of natural disasters, local disturbances, or damage caused by external aggression in some Arab countries.


The grants provided over the same period also included 491 inter-Arab grants, amounting to about KD 58.5 million, which were allocated as follows: about KD 32.6 million to provide institutional support and training programs in several specialized scientific and research centers, about KD 13.1 million to undertake general studies and research in various economic and social development areas, about KD 6.4 million to conduct feasibility studies for specific projects, about KD 4.4 million to organize seminars and conferences to discuss priority development issues for Arab countries, in addition to about KD 2.0 million to implement emergency programs.

Grant Disbursements

Cumulative disbursements of grants approved over the period 1974-2013 amounted to about KD 147.0 million, which constitutes approximately 82.6% of the net amount of grants. Annex 7 provides a summary of the grants committed and disbursed over that period. During 2013, a total of 27 grants, amounting to about KD 5.3 million, were completed. This brought the total number of grants completed during the period 1974-2013 to 865, with a cumulative amount of about KD 129.5 million, while a total of 127 grants, amounting to about KD 54.9 million, remained under execution.

Support to Palestine

The total amount of contributions made by the Arab Fund to Palestine, since the beginning of its operations and until the end of 2013, reached about KD 169.4 million, including about KD 152.4 million in the form of grants, and the remaining in the form of loans provided to the Palestinian National Authority.

The Urgent Program: The Arab Fund continued its efforts to support the Palestinian people and limit the deterioration of the economic and social conditions in the occupied territories. During 2013, the Arab Fund allocated an amount of about KD 10.4 million, or about 10.0% of the Arab Fund’s net income for 2012, to contribute to the eleventh phase of the Urgent Program to Support the Palestinian People, initially started in 2001. Thus, the total contribution of the Arab Fund to this program over the period 2001-2013 reached about KD 123.9 million. This program includes support to educational institutions (universities and colleges) and institutions and civil society entities concerned with social services, improvement of the educational environment and rehabilitation of school buildings, reconstruction of historical buildings, economic empowerment, in addition to rural development. The program is being implemented at an acceptable pace despite the difficulties encountered from the Israeli occupying authorities. The Arab Fund made those contributions through cooperation and coordination with civil society entities and some governmental institutions.

Areas of intervention of the program included support for basic and higher education, as well as training and qualifying graduates. The program enabled thousands of university students to continue their education through coverage of their tuition and fees, contributed to the construction of classrooms to meet the needs of basic education, and provided support to social institutions and civil society entities to allow them to provide the best


services in areas of social welfare, motherhood and childhood, handicapped and those with special needs, and orphanages. Areas of intervention of the program also included support to small and medium enterprises, housing for marginalized groups, rural development, reconstruction of historical buildings in old cities in Jerusalem, Nablus and Hebron in order to preserve the cultural and urban heritage, and support to small farmers and craftsmen. The support also included provision of medical devices and equipment to hospitals and medical centers, contributions to the construction of health centers specializing in cardiology, ophthalmology, maternity and primary health care, in addition to the development of infrastructure such as water and electricity facilities, and delivery of drinking water to deprived areas.

The support provided by the Arab Fund to Palestine contributed to the preservation of the various institutions and civil society entities, and enabled them to provide the best services to the Palestinian community. This program also reinforced the perseverance of the Palestinian residents and their presence in Palestine, and the protection of their right to reside and live in the Holy City in the face of the expulsion campaigns, and contributed to the improvement of their living and environmental conditions by providing them with suitable housing, and health, educational, cultural and social services.

Cooperation with International and National Financial Institutions: The Arab Fund continued its administration and follow-up of grants provided by the OPEC Fund for International Development to Palestine. The total number of grants reached 356, amounting to about US Dollars 65.8 million. Disbursements of these grants amounted to about US Dollars 59.3 million, or about 90.1% of the total. The Arab Fund also maintained its cooperation with the Islamic Development Bank, which monitors the implementation of projects financed through Al-Aqsa Fund. This cooperation included support to rural development projects, economic empowerment, urgent reconstruction of historic buildings, construction of roads and schools, rehabilitation of water wells, reclamation of agricultural land, coverage of tuition and fees of university students, and support to non-governmental organizations that provide health, social and education services. The total committed amount is estimated at about KD 29.3 million, including support to Jerusalem, and the disbursed amount reached about KD 22.0 million, or about 75.1%. Coordination between the Arab Fund and the Islamic Development Bank also took place regarding the selection of projects to be financed under the eleventh phase of the urgent program.


Gra

nts

App

rove

d D

urin

g 20

13

No.

Ben

efic

iary

/Gra

ntA

mou

nt A

lloca

ted

(KD

000

)N

o. o

f G

rant

Dat

e of

Boa

rd A

ppro

val

A: N

atio

nal G

rant

s

1K

uwai

t/ C

ontri

butio

n to

the

Cos

t of t

he K

uwai

t Blin

d A

ssoc

iatio

n Fo

rum

(4)

10D

G/1-

2013

28/01

/20

13

2Jo

rdan

/ Con

tribu

tion

to th

e C

onst

ruct

ion

of a

Dor

mito

ry fo

r the

Stu

dent

s fro

m D

iffer

ent P

arts

of t

he

Kin

gdom

(2)

200

2/20

1318

/02

/20

13

3Tu

nisi

a/ C

ontri

butio

n to

the

Cos

t of C

ompl

etin

g th

e St

udie

s of t

he B

ousa

lem

- A

lger

ian

Bor

der M

otor

way

Pr

ojec

t (1)

300

3/20

1318

/02

/20

13

4K

uwai

t/ Su

ppor

ting

the A

ctiv

ities

of t

he K

uwai

t Pub

lic R

elat

ions

Ass

ocia

tion

(2)

5D

G/4-

2013

07/03

/20

13

5Eg

ypt/

Con

tribu

tion

to th

e C

ost o

f Pre

para

tion

of th

e 20

16 G

ener

al C

ensu

s of P

opul

atio

n, H

ousi

ng a

nd

Ente

rpris

es (2

)30

05/

2013

01/04

/20

13

6Su

dan/

Con

tribu

tion

to th

e C

ost o

f the

Stu

dy o

f the

Sud

an P

roje

ct to

Ach

ieve

Ara

b Fo

od S

ecur

ity (3

) 30

08/

2013

01/04

/20

13

7Jo

rdan

/ Con

tribu

tion

to th

e Acq

uisi

tion

of a

Com

pute

d To

mog

raph

y Sc

an D

evic

e fo

r the

Dia

gnos

is a

nd

Trea

tmen

t of C

ance

r (2

)30

010

/20

1303

/07

/20

13

8Le

bano

n/ C

ontri

butio

n to

the

Con

stru

ctio

n of

a S

econ

d B

uild

ing

for t

he S

alah

Al D

in Is

lam

ic H

igh

Scho

ol

in T

ripol

i (2)

300

15/20

1303

/07

/20

13

9Le

bano

n/ C

ontri

butio

n to

the

Proj

ects

and

Pro

gram

s for

the

Urg

ent R

elie

f of S

yria

n R

efug

ees i

n Le

bano

n (5

) 14

2117

/20

1301

/12

/20

13

10Jo

rdan

/ Con

tribu

tion

to th

e Pr

ojec

ts a

nd P

rogr

ams f

or th

e U

rgen

t Rel

ief o

f Syr

ian

Ref

ugee

s in

Jord

an (5

) 14

2118

/20

1301

/12

/20

13

11Jo

rdan

/ Con

tribu

tion

to th

e C

ost o

f Con

duct

ing

the

Gen

eral

Cen

sus o

f Pop

ulat

ion

and

Hou

sing

for t

he Y

ear

2014

(2)

500

19/20

1301

/12

/20

13

12Le

bano

n/ C

ontri

butio

n to

the

Con

stru

ctio

n of

Bui

ldin

gs fo

r Kar

yati

Cha

rity

for D

evel

opm

ent a

nd

Envi

ronm

ent A

ssoc

iatio

n (2)

7021

/20

1301

/12

/20

13

Subt

otal

5127

(1) F

easi

bilit

y St

udie

s an

d Pr

ojec

t Pre

para

tion

(2) I

nstit

utio

nal S

uppo

rt an

d Tr

aini

ng(3

) Gen

eral

Stu

dies

and

Res

earc

h

(

4) S

emin

ars

and

Con

fere

nces

(5) E

mer

genc

y Pr

ogra

ms

Tabl

e 3


Gra

nts

App

rove

d D

urin

g 20

13

No.

Ben

efic

iary

/Gra

ntA

mou

nt A

lloca

ted

(KD

000

)N

o. o

f G

rant

Dat

e of

Boa

rd A

ppro

val

B: In

ter-

Ara

b G

rant

s

1A

rab

Plan

ning

Inst

itute

/ Con

tribu

tion

to th

e In

stitu

te’s

Pro

gram

s and

Act

iviti

es fo

r the

Yea

r 201

2/20

13 (2

)10

06/

2013

01/04

/20

13

2ER

F/ E

ndow

men

t to

Fina

nce

the

Foru

m’s

Act

iviti

es a

nd P

rogr

ams (2

)50

07/

2013

01/04

/20

13

3In

ter-A

rab/

Con

tribu

tion

to th

e Fi

nanc

ing

of th

e In

tern

atio

nal C

onfe

renc

e on

“A

rab

Wat

er U

nder

O

ccup

atio

n” (4

)15

DG

/9-

2013

17/04

/20

13

4ER

F/ C

ontri

butio

n to

Sup

port

and

Fina

nce

Res

earc

h In

itiat

ives

for A

rab

Dev

elop

men

t and

the

Foru

m’s

A

ctiv

ities

dur

ing

the Y

ear 2

013

(2)

220

11/20

1303

/07

/20

13

5IC

AR

DA

/ Con

tribu

tion

to th

e Fi

nanc

ing

of a

Pro

ject

to Im

prov

e Fo

od S

ecur

ity a

nd S

usta

inab

le

Man

agem

ent o

f Nat

ural

Res

ourc

es in

Cou

ntrie

s of t

he A

rabi

an P

enin

sula

(Pha

se 4

) (3)

600

12/20

1303

/07

/20

13

6U

ND

L Fo

unda

tion/

Con

tribu

tion

to th

e C

ost o

f Com

plet

ion

of th

e D

evel

opm

ent o

f the

Thi

rd P

hase

of t

he

Uni

vers

al N

etw

orki

ng D

igita

l Lan

guag

e Pr

ogra

m (2

)60

013

/20

1303

/07

/20

13

7In

ter-A

rab

(Ara

b Fu

nd)/

Con

tribu

tion

to th

e C

ost o

f a S

emin

ar o

n th

e Ec

onom

ic P

olic

ies t

o A

chie

ve O

vera

ll G

row

th in

Ara

b C

ount

ries i

n Tr

ansi

tion

to D

emoc

racy

(4)

100

14/20

1303

/07

/20

13

8A

rab

Thou

ght F

orum

/ Con

tribu

tion

to th

e C

ost o

f an

Inte

rnat

iona

l Sci

entifi

c C

onfe

renc

e on

End

owm

ents

in

Jeru

sale

m (4

)20

DG

/16

-20

1322

/07

/20

13

9A

rab

Fund

for A

rts a

nd C

ultu

re -

AFA

C/ C

ontri

butio

n to

Sup

port

the A

ctiv

ities

of t

he A

rab

Fund

for A

rts

and

Cul

ture

- A

FAC

(2)

3020

/20

1301

/12

/20

13

10A

rab

Educ

atio

nal I

nfor

mat

ion

Net

wor

k/ C

ontri

butio

n to

the

Inst

itutio

nal S

uppo

rt of

the A

rab

Educ

atio

nal

Info

rmat

ion

Net

wor

k Ph

ase

II (2

)10

022

/20

1301

/12

/20

13

Subt

otal

2285

Tota

l74

12

(1) F

easi

bilit

y St

udie

s an

d Pr

ojec

t Pre

para

tion

(2) I

nstit

utio

nal S

uppo

rt an

d Tr

aini

ng(3

) Gen

eral

Stu

dies

and

Res

earc

h

(

4) S

emin

ars

and

Con

fere

nces

(5) E

mer

genc

y Pr

ogra

ms

Tabl

e 3

(con

tinue

d)


Act

ivity

Dur

ing

2013

Dur

ing

the

Peri

od 1

974

- 201

3

Nat

iona

l Gra

nts

Inte

r-A

rab

Gra

nts

Tota

lN

atio

nal G

rant

sIn

ter-

Ara

b G

rant

sTo

tal

Am

ount

%A

mou

nt%

Am

ount

%A

mou

nt%

Am

ount

%A

mou

nt%

1. F

easi

bilit

y St

udie

s and

Pro

ject

Pre

para

tion

300

5.9

-

-

300

4.1

1662

012

.663

8010

.923

000

12.1

2. In

stitu

tiona

l Sup

port

and

Tra

inin

g16

7532

.715

5067

.832

2543

.564

075

48.4

3264

555

.896

720

50.7

3. G

ener

al S

tudi

es a

nd

R

esea

rch

300

5.9

600

26.3

900

12.1

5300

4.0

1307

122

.418

371

9.6

4. S

emin

ars a

nd C

onfe

renc

es10

0.2

135

5.9

145

2.0

164

0.1

4409

7.5

4573

2.4

5. E

mer

genc

y Pr

ogra

ms

2842

55.3

-

-

2842

38.3

4616

234

.920

003.

448

162

25.2

To

tal*

5127

100.

022

8510

0.0

7412

100.

013

2321

100.

058

505

100.

019

0826

100.

0

* D

oes

not i

nclu

de a

n am

ount

of a

bout

KD

123

.9 m

illion

allo

cate

d by

the

Boar

d of

Gov

erno

rs o

f the

Ara

b Fu

nd to

sup

port

the

Pale

stin

ian

peop

le, o

ver t

he p

erio

d 20

01 -

2013

.

Gra

nt C

omm

itm

ents

by

Act

ivit

y(K

D 0

00)

Tabl

e 4


Grant Commitments by Activity(Percentage)

Inter-Arab Grants during 2013 National Grants during 2013

Inter-Arab Grants during the Period 1974 - 2013 National Grants during the Period 1974 - 2013

Inst. Support & Training

32.7%

Seminars &Conf.0.2%

Feasinility Studies &

Project Prep. 5.9%

General Studies & Research

5.9%

Feasibility Studies & Project Prep.

12.6%

Feasibility Studies & Project Prep.

10.9% Inst. Support & Training

55.8%


22.4%

Seminars &Conf.5.9%


26.3%


4.0%

Seminars &Conf.0.1%

Emergency Programs

34.9%

Inst. Support& Training

67.8%

Inst. Support & Training48.4%

Emergency Programs

3.4%

Seminars &Conf.7.5%

Emergency Programs

55.3%


Box 2

The Arab Fund Fellowships Program

In 1987, the Board of Directors of the Arab Fund established an endowment of KD 2 million and allocated the returns as non-refundable grants to finance post-graduate scholarships for high achieving Arab graduates. By 1997, it was decided to use the accumulated returns of the endowment to fund a fellowships program, that is, a post-doctoral fellowships program for distinguished Arab scholars. The purpose of the program is to provide Arab Ph.D. holders who have excellent academic track records with opportunities to conduct research or lecture in the best universities of the world. The program is also intended to build bridges and achieve mutual benefits between Arab and foreign universities, and facilitate the transfer of knowledge to the Arab countries. The fellowship is for a maximum period of twelve months.

The program is overseen by an Academic Evaluation Committee, comprising of highly renowned international scholars, whose role is to set policies that govern its orientation and work system, evaluate its performance and specify the criteria for selecting the beneficiaries.

The program has achieved its objectives by the sheer number of applications, which exceeded 900 applications over the period 1997-2013. The program has granted 107 fellowships for academicians from 14 Arab countries and in a wide spectrum of specialization including Physics, Chemistry, Engineering, Mathematics, Biology, Medicine, in addition to several fields of social sciences and humanities. The fellowships have been implemented in some of the top-rated universities and research institutions in the world.

The program has had other benefits, including the interaction of beneficiaries with internationally-renowned experts who oversaw their research in the host institutions, and the opportunity provided to some beneficiaries to work with distinguished scientists and Nobel laureates in their respective fields, and to work in the best international scientific laboratories in various fields. The program also enabled the beneficiaries to contribute to the application of scientific experiments on the reality of their countries, and to publish the results of their research in the most prestigious scientific journals. It also contributed to the increase of the degree of cooperation between scientific institutions of the host and original institutions. The program continues to be implemented annually with a growing number of applicants, from all member countries, who want to benefit from it.


Third: Other Activities 1- Coordination between the Arab National and Regional Development Institutions

The Arab Fund continued to act as the Coordination Secretariat of the Coordination Group, which includes the Arab national and regional development institutions, and prepare their periodic meetings. The twelfth meeting of the Heads of these institutions took place on March 17, 2013, at the Arab Fund headquarters in Kuwait. The Qatar Development Fund, which recently joined the Coordination Group, attended this meeting. During their meeting, the heads of the institutions discussed many topics relating to the Group’s activities and its relationships with international and regional institutions, as well as its developmental role in light of the changes taking place in Arab countries and in the field of development. In this respect, the Heads of the institutions reaffirmed their willingness to continue their efforts to support Arab countries going through a transition period, by determining priorities and appropriate measures to finance projects proposed by the countries concerned. Furthermore, in order to face the challenges posed by the issues related to sustainable development and the role that the Coordination Group can have toward its achievement, an agreement was reached during the meeting to set up a framework for the Group’s activities in light of the variables related to regional integration, economic effectiveness, employment, environment, food security, in addition to providing modern energy services.

The seventy second Coordination Group meeting took place during the period 4 - 8 October, 2013, at the Arab Fund headquarters with the participation of several international institutions, including the World Bank, the Japan International Cooperation Agency, the European Bank for Reconstruction and Development, and ICARDA. The meeting aimed at studying and discussing ways to strengthen and expand cooperation, to include employment and the water sector, in addition to other areas such as those related to promoting investments between countries of the south to support regional cooperation, and supporting small and medium enterprises in Arab countries, through improving the business environment, supporting the capacities of financial institutions to ensure sustainable financing for small and medium enterprises, and developing commercial activities, by providing technical assistance and credit lines.

The seventh meeting to strengthen cooperation in the area of Finance and Trade guarantees took place on September 5, 2013, at the headquarters of the Arab Bank for Economic Development in Africa, in Khartoum, Sudan. During the meeting, the Coordination Group member institutions reaffirmed the importance of promoting cooperation between them, particularly in the areas related to co-financing, to ensure functional integration between these institutions according to their specialization and domain of activity. They also reaffirmed the importance of that cooperation in the area of exports, to promote the export of goods of Arab origin to African markets and create trade ties with exporters and specialized entities within governments and the private sector, in order to set an action plan for cooperation in the areas of co-financing, guarantees and promotion of Arab exports, taking into consideration the exceptional circumstances prevailing in some Arab counties.

2- Special Account Management

By the end of the year, a total of 17 Arab countries had contributed to the Special Account,


in addition to the Arab Fund, with total pledged contributions amounting to US Dollars 1308.0 million, of which US Dollars 967.5 million were paid.

Special Account projects were studied during the year in seven Arab countries, through evaluation of the needs of small and medium enterprises, and determination and choice of intermediaries qualified to borrow from the Special Account to finance these projects. In addition, visits were made to several institutions, both governmental and non-governmental, that work toward the development of small and medium enterprises, in order to inquire about their activities and their needs

Eight loans were approved during the year by the Special Account’s management committee, for a total amount US Dollars 293.0 million. These loans were provided to intermediary financial institutions in Yemen, Palestine, Sudan, Jordan, Tunisia, Mauritania and Oman. Table 5 shows the loan commitments by the Special Account during 2013. This brings the total number of loans approved by the management committee to 17, for a total amount of US Dollars 538.0 million.

Table 5

Loan Commitments Approved by the Special Account’s Management Committee During 2013

No. Country Institution

Amount of Loan

(Million US Dollars)

Date of Approval

1 Republic of Yemen Small Enterprise Development Fund 15 13/02/2013

2 Palestine Credit and Development Company “Faten” 8 13/02/2013

3 Republic of Sudan Government of Sudan 50 08/07/2013

4 Hashemite Kingdom of Jordan Government of Jordan 50 08/07/2013

5 Republic of Yemen Cooperative and Agricultural Credit Bank 50 22/12/2013

6 Islamic Republic of Mauritania Government of Mauritania 50 22/12/2013

7 Republic of Tunisia Bank for Financing Small and Medium Enterprises 20 22/12/2013

8 Sultanate of Oman Oman Development Bank 50 22/12/2013

Total 293

In order to coordinate efforts, expand the scope of activities and increase the effectiveness of its interventions to support the development of small and medium enterprises in Arab countries to provide employment opportunities and contribute to the reduction of poverty, the Special Account works at expanding its cooperation with entities that have experience in institutional and legislative support to small and medium enterprises. In this respect, the Special Account established, during 2013, cooperation and partnership with the World Bank, the International Finance Corporation and other institutions. As a result, joint appraisal missions with the World Bank were conducted to some Arab countries, and expertise, information and documents were exchanged.

Special Account representatives participated in several events in Arab countries on the


development of small and medium enterprises, which enabled them to introduce the Special Account and its activities, and present ways in which to benefit from its operations. These events also provided opportunities to exchange views among participants on the best ways to develop small and medium enterprises in Arab countries, and to inquire about different experiences.

3- Study of Sudan Project to Achieve Food Security for the Arab World

The Arab Fund allocated a grant to conduct a study aimed at achieving food security for the Arab countries through the Sudan project. The grant was provided in implementation of the decisions of the Third Arab Economic and Social Development Summit, held in Riyadh, Kingdom of Saudi Arabia, in January 2013, and in response to a request from the Sudanese Government to have the Arab Fund help it conduct studies to formulate an integrated plan aimed at determining priorities and projects for achieving food security. The Arab Fund prepared the tender documents for the study, reviewed the offers submitted by several specialized consulting firms, selected the winning firm, and signed a contract with it. The study is expected to be completed by the end of 2014. The outcome of the study will include the following:

An estimation of the needs• of Arab countries for crops and main food products, and the food gap.An assessment of the capabilities and resources• available in Sudan, such as land, water, labor and other resources, that could help achieve food security, along with the infrastructure needed to meet this objective.Studying the feasibility of• producing crops and main food products in Sudan at competitive costs, and exporting them to Arab countries at competitive prices.Identifying and selecting priority projects, determining their feasibility, and identifying• additional studies needed to implement these projects, thus enabling the Sudanese Government to float the tenders for these projects for international bidding, all within suitable time frames and sectoral plans.

It is expected that this study, and the projects resulting from it, will help increase the utilization of water, land and human resources available in Sudan, and satisfy the increasing food needs in Arab countries.

4- Study of Pan-Arab Interconnection and Utilization of Natural Gas

Over the last three decades, the Arab Fund has allocated significant resources to finance electrical interconnection projects, whether between Arab electricity grids, or between the electrical grids of the Arab countries and those of neighboring European, Asian or African counties. The Arab Fund’s contributions in support of these projects date back to the early eighties, when it financed a comprehensive feasibility study including all Mashreq and GCC countries. This was followed by several studies, such as the study to connect the Mashreq Arab countries, the study to connect the GCC countries, and the study to connect Jordan with Egypt.

Since then, the contributions of the Arab Fund continued unabated. To date, it has provided 16 loans totaling over KD 261 million to finance electrical interconnection projects among eleven Arab countries, in addition to projects to interconnect the electrical grids of Arab


countries with those of Spain, Turkey, Mali and Senegal. In addition, the Arab Fund financed numerous studies to enhance the performance of the transmission networks in various Arab countries.

The cost of generating electricity varies significantly from one Arab country to the other, mainly due to the availability of abundant quantities of natural gas in some countries, and lack thereof in others, thus creating good opportunities for energy trade. To capitalize on this situation and make better use of the electrical interconnections that have been constructed, and in an effort to develop an integrated master plan for upgrading the generation and transmission systems in the Arab countries, the Arab Fund allocated, in 2010, a grant to finance a study to determine the optimum path for every Arab country, and for all Arab countries combined, to attain the best utilization of available natural gas resources in the Arab world to meet the expected electric energy and power needs up to the year 2030.

The study, executed by a consortium of leading consulting firms, was completed in the fourth quarter of 2013. Its main results included developing a strategy for upgrading the electrical interconnection and natural gas pipelines in the Arab world during the period 2012 – 2030, in order to achieve the lowest overall cost for generating electricity during that period. The results also included identifying future electrical interconnection lines that need to be constructed, the ratings of these lines and the optimum time for them to enter into service, the determination of the natural gas pipelines and LNG facilities to be constructed, the rating and the optimum times for them to be operational, setting policies and guidelines for pricing the energy to be traded between the various countries, and a comparison between the different schemes for financing the various projects identified in the strategy. The final study report will be presented during a workshop to be held at the Arab Fund headquarters in January 2014.

5- Research Initiative for Arab Development

The main objective of the Research Initiative for Arab Development (RIAD), which is a partnership launched between the World Bank and the Arab Fund in 2008, is to help scale up and enhance the quality of economic research in the Arab world in order to inform developmental decision making and bridge the knowledge gap between academic research and the decision making process. The initiative focuses on six priority areas: (i) equity and inequality, (ii) regional integration, (iii) economic diversification, (iv) environmental degradation and climate change, (v) labor markets and human capital development and (vi) the political economy of transition to democracy in the Arab world.

Work under each theme is intended to inform researchers and decision makers, and help identify options for development policies. RIAD’s activities fall under the following headings: research activities and data initiatives, capacity building and training, and publications and the convening of workshops and conferences. Based on an agreement between the World Bank and the Arab Fund, the initiative is being implemented by the Economic Research Forum (ERF). The ERF’s governance structure is used to oversee the implementation of the initiative. A Scientific Committee and a Donors’ Committee were created to support the effective design and implementation of the initiative. Both the World Bank and the Arab Fund are represented in the two committees. The initiative was implemented in its first phase during the period 2009-2011, following


which an independent evaluation was performed. Based on that evaluation, both the World Bank and the Arab Fund decided to extend their support to the initiative for an additional phase. The Arab Fund is overseeing RIAD’s activities through periodic follow-up reports as well as through attendance of the Scientific and Donors’ Committees meetings, which take place once a year during the month of June or July. The last meetings took place in Cairo, Egypt, on June 15, 2013. Research outcomes and other RIAD activities could be accessed through the ERF website at: www.erf.org.eg.

6- Funding of Studies on “Arab Integration” and “The Arab World in the Year 2025” in Cooperation with the Economic and Social Commission for Western Asia

The Arab Fund allocated a KD 300 thousand grant as a contribution toward the preparation of two studies: the first on “Arab Integration” and the second on “The Arab World in the Year 2025”, in cooperation with the Economic and Social Commission for Western Asia (ESCWA) based on a request by its executive Secretary. The first study will address the subject of Arab integration from the perspective of its relationship to economic and social development in the Arab region, and its impact on the development performance of the Arab countries. The second study aims at exploring the Arab future by analyzing a number of interrelated “scenarios”, which take into account the current situation in the Arab world and its future prospects, in order to assist decision makers and civil society in the policy choice that would favor the “optimal scenario”.

In the context of the study on Arab integration, the Arab Fund participated at the second meeting of the Advisory Board for the report of the study organized by ESCWA in Amman, Jordan, during the period September 3-5, 2013, to discuss the second draft of that report. The report is expected to be published upon revision of its second draft. In the context of the study on the Arab world in the year 2025, a committee charged with preparing the report was formed. The first draft of the report is expected to be prepared and discussed during 2014.

7- Preparation of the Joint Arab Economic Report

The Arab Fund annually participates in the preparation of the Joint Arab Economic Report, in cooperation with the General Secretariat of the League of Arab States, the Arab Monetary Fund and the Organization of the Arab Petroleum Exporting Countries. The Arab Fund contributes to the report with the chapters on economic and social developments, the agriculture and water sector, the industrial sector, and Arab developmental aid. The Arab Fund also prepares, on a rotating basis with the Arab Monetary Fund, the chapter that addresses the theme of the report. The theme of this year’s report was “Reinvigorating the Developmental Role of SMEs in Arab Countries”.

8- Various Activities

The Arab Fund continued to monitor the activities of the Arab Trade Financing Program in coordination with the Arab Monetary Fund, and through its membership on the Board of Directors. It also continued its cooperation with specialized Arab and international organizations in order to help improve the efficiency of their interventions in Arab countries.


Fourth: Financial Statements for the Financial YearEnded 31 December 2013

I. Financial Position

Assets:

The value of assets increased in 2013 by KD 30 million (1%) compared to 2012 reaching KD 2,973 million, this increase was mainly in Loans and Cash & Cash equivalents as shown in the below schedule:

Variation20122013Assets

%KD Million%KD

Million%KD Million

2%11%401%41Cash & Cash Equivalents

(2)%(6)12%34111%335Investments

2%4885%2,514 87%2,562 Loans

(27)% (13)2%481%35Others Assets

1 %30100 %2,943 100 %2,973 Total

Liabilities:

The value of Liabilities increased in 2013 by KD 13.5 million (10%) compared to 2012 reaching KD 148.1 million, this increase was mainly in small & medium enterprises account as shown in the below schedule:

Variation 20122013Liabilities

%KD Million%KD

Million%KD Million

40%19.937%49.747%69.6Special Account for Financing Small & Medium Enterprises

(8)%(2.6)25%33.521%30.9Grants

5% 0.68%11.38%11.9Provision for Pension Fund

(11)%(4.4)30%40.124%35.7Other Liabilities

10 % 13.5100 %134.6100 %148.1Total

Member’s Equity:

The value of member’s Equity increased in 2013 by KD 16 million (1%) compared to 2012 reaching KD 2,825 million, this increase was translated by increase in the General &


Additional Reserves as shown in the below schedule:

Variation20122013Members’ Equity

%KD Million%KD

Million%KDMillion

25%50071% 2,00088% 2,500Share Capital

1%39%2439%246General Reserve

(86)%(485)20%5613%76Additional Reserve

(2)0%50%3Other Reserves

1 % 16100 % 2,809100 % 2,825Total

II. Income & Expenditures

Income:Total Income for the year amounted to KD 87.1 million compared to KD 111.9 million in 2012, this decrease was mainly from interest income from loans because of inclusion of the arrears of Syrian’s loan interests & adjustment of the loan interests of Bahrain specialist hospital (private sector) as shown in the below schedule:

Variation20122013Income

%KDMillion% KD

Million%KDMillion

(26)%(24.2)81%91.477%67.2Interest Income from Loans

6% 1.218% 20.024% 21.2Gain from Investments

(271)%(1.9)1%0.7(1)%(1.2)(Loss)/Income from investment in Associate

50% 00%(0.2)0%(0.1)Other operating(Loss)/ Income

(22)%(24.9)100 %111.9100 %87.1Total

Expenditures:

Total Administrative Expenses for the year amounted to KD 8.1 million compared to KD 8.4 million in 2012, this decrease KD (0.3) million (4%) was in Other Expenses as shown in the below schedule:

Variation20122013Expenditures

% KDMillion%KD

Million % KDMillion

3% 0.272%6.077%6.2Staff Cost

(21)%(0.5)28%2.423%1.9Other Expenses

(4)%(0.3)100 %8.4100 %8.1Total


Net Profit:

Total Net Profit for the year amounted to KD 33.5 million compared to KD 103.6 million in 2012, this decrease KD (70.1) million (68%) was a result of decreasing income from loans interest & inserting provision for Syrian loans as shown in the below schedule:

Variation20122013Net Profit

%KD Million

%KD Million

%KD Million

(24)%(24.5)103.679.1Net Profit before Provision

100%(45.6)0.0(45.6)Loans Provision

(68)%(70.1) 103.633.5Net Profit of the Year

III. Cash Flows

Net cash flow used in Operating Activities during the year amounted KD (47.5) million compared to KD (55.9) million for year 2012 as shown in the below schedule:

KD MillionCash Flows

Variation20122013

(16.5)(235.0)(251.5)Loans Disbursement

(1.7)(8.4)(10.1)Grants Disbursement

(6.9) 165.3 158.4Loans Repayments

(7.7)88.580.8Interest & Fees Received

24.7(57.1)(32.4)Net change in Investments

16.5(9.2) 7.3Other operating Cash Flows

8.4(55.9)(47.5)Net cash used in Operating Activities

IV. Financial Indicators of Arab Fund Performance

Variation20122013Financial Ratios

%%%

(2.4)%3.5%1.1%Net Income/ Assets

(2.5)%3.7%1.2%Net Income/ Member’s Equity

1.8%7.5%9.3%Expenditures/ Revenues

0.8%85.4%86.2%Loans/ Assets

1.2%89.5%90.7%Loans/ Member’s Equity


Arab Fund for Economic and Social DevelopmentStatement of Financial Position

As at 31 December 2013 (KD 000)

2013 2012

AssetsCash and cash equivalents 41,174 40,255

Investments 286,129 290,796

Investment in associate 49,214 50,328

Loans 2,561,474 2,513,957

Receivables from participants in the building 7,023 7,369

Other assets 27,842 40,548

Total assets 2,972,856 2,943,253

Liabilities and members’ equity

LiabilitiesSpecial account for financing small and medium enterprises 69,546 49,692

Grants 30,902 33,544

Provision for pension fund 11,946 11,280

Other liabilities 35,674 40,105

Total liabilities 148,068 134,621

Members’ equity Share capital 2,500,000 2,000,000

General reserve 246,207 242,856

Additional reserve 76,389 561,275

Grants reserve 3,752 6,641

Change in the fair value reserve (1,560) (2,140)

Total members’ equity 2,824,788 2,808,632

Total liabilities and members’ equity 2,972,856 2,943,253


Arab Fund for Economic and Social DevelopmentStatement of Comprehensive IncomeFor the year ended 31 December 2013

(KD 000)

2013 2012

Income

Interest income from loans 67,229 91,350

Net gains from investments 21,193 19,669

Interest income from short term deposits and call accounts 38 284

Share in result from an associate (1,268) 718

Operating expenses (46) (25)

Net income 87,146 111,996

Administrative expenses

Staff costs 6,137 6,040

Other expenses 1,925 2,339

Total administrative expenses 8,062 8,379

Net Income before provision for loans 79,084 103,617

Provision for loans (45,571) 0

Net profit for the year 33,513 103,617

Other comprehensive income

Net change in fair value for investments available for sale 580 189

Net amount transferred to profits or losses 0 13

Other comprehensive income / (losses) for the year 580 202

Total comprehensive income for the year 34,093 103,819


Arab Fund for Economic and Social DevelopmentStatement of Changes in Members’ Equity

For the year ended 31 December 2013 (KD 000)

ShareCapital

General Reserve

Additional Reserve

Grants Reserve

Change in Fair Value

Reserve

Retained Earnings Total

Balance as at 1 January 2013 2,000,000 242,856 561,275 6,641 (2,140) 0 2,808,632

Profit for the year 0 0 0 0 0 33,513 33,513

Other comprehensive income for the year 0 0 0 0 580 0 580

Total comprehensive income for the year 0 0 0 0 580 33,513 34,093

Transferred to Capital 500,000 0 (500,000) 0 0 0 0

Transferred to support people of Palestine 0 0 (10,362) 0 0 0 (10,362)

Transferred to Arab Academic Fellowship 0 0 0 0 0 (168) (168)

Transferred to grants reserve 0 0 (2,842) 4,518 0 (1,676) 0

Transferred to general reserve 0 3,351 0 0 0 (3,351) 0

Transferred to additional reserve 0 0 28,318 0 0 (28,318) 0

Grants approved 0 0 0 (7,412) 0 0 (7,412)

Grants cancelled and transferred 0 0 0 5 0 0 5

Balance as at 31 December 2013 2,500,000 246,207 76,389 3,752 (1,560) 0 2,824,788

Balance as at 1 January 2012 2,000,000 232,494 483,303 3,742 (2,342) 0 2,717,197

Profit for the year 0 0 0 0 0 103,617 103,617

Total other losses for the year 0 0 0 0 202 0 202

Total comprehensive income for the year 0 0 0 0 202 103,617 103,819

Transferred to support people of Palestine 0 0 (6,879) 0 0 0 (6,879)

Transferred to Arab Academic Fellowship 0 0 0 0 0 (142) (142)

Transferred to grants reserve 0 0 (3,091) 8,272 0 (5,181) 0

Transferred to general reserve 0 10,362 0 0 0 (10,362) 0

Transferred to additional reserve 0 0 87,932 0 0 (87,932) 0

Grants approved 0 0 0 (7,496) 0 0 (7,496)

Grants cancelled and transferred 0 0 10 2,123 0 0 2,133

Balance as at 31 December 2012 2,000,000 242,856 561,275 6,641 (2,140) 0 2,808,632


2013 2012

Operating Activities

Profit for the year 33,513 103,617

Adjustments:

Interest income from loans (67,229) (91,350)

Unrealized Profits from investments (11,068) (12,572)

Interest income from term deposits and call accounts (38) (284)

Share in results from an associate 1,268 (718)

Provision for Loans 45,571 0

Provision for pension fund 1,625 1,585

3,642 278

Changes in operating assets and liabilities

Net change in trading investments (32,417) (57,065)

Disbursements of loans (251,463) (235,027)

Loan’s repayments 158,375 165,326

Disbursements of grants (10,049) (8,356)

Receivables from participants in the building 346 345

Other assets (84) 188

Special account for financing small and medium enterprises 19,854 1,291

Other liabilities (14,793) (8,999)

Cash flows used in operations (126,589) (142,019)

Interests received 80,057 87,255

Provision for pensions and employees’ end of service indemnity paid (959) (1,135)

Net cash flows used in operating activities (47,491) (55,899)

Investing activities

Net changes in other investments 48,410 73,829

Net cash flows from investing activities 48,410 73,829

Increase in cash and cash equivalents 919 17,930

Cash and cash equivalents at the beginning of the year 40,255 22,325

Cash and cash equivalents at the end of the year 41,174 40,255

Arab Fund for Economic and Social DevelopmentStatement of Cash flows

For the year ended 31 December 2013 (KD 000)


Arab Fund for Economic and Social DevelopmentIndependent Arab Regional Financial Organization - Kuwait

Significant Accounting Policies

a) Statement of complianceThe financial statements are prepared in accordance with International Financial Reporting Standards (“IFRS’s”) promulgated by the International Accounting Standards Board (“IASB”) and based on the interpretations issued by the International Financial Reporting Interpretations’ Committee of the IASB.

b) Basis of measurementThe financial statements are prepared on a fair value basis for financial assets and liabilities held for trading and assets available for sale, except those for which a reliable measure of fair value is not available. Other financial assets and liabilities and non-financial assets and liabilities are carried at amortized cost or historical cost.

The financial statements have been presented in Kuwaiti Dinars which is the functional and reporting currency of the Fund. All values are rounded to the nearest thousands (KD 000’), except when otherwise indicated.

c) Investments Financial assets and liabilities are classified at fair value through profit or loss when the assets or liabilities are managed, evaluated and reported on a fair value basis.

Financial instruments are measured initially through profit or loss at fair value. Transaction cost on financial instruments expensed through profit or loss immediately. Subsequent to initial recognition, all instruments measured at fair value through profit or loss are re-measured at fair value with changes in their fair value recognized in the profit or loss.

Investments which are not held to maturity or financial assets at fair value through profit or loss are classified as available for sale and are stated at fair value, with any resultant gain or loss being recognized directly in equity, except for impairment losses and, in case of monetary items, foreign exchange gains and losses.

d) LoansLoans are recognized at amortized cost less the impairment provision. The impairment provision is estimated when the full collections of loans is no longer probable. The amount of provision is determined as the difference between the carrying amount and the recoverable amount of the asset. The recoverable amount is calculated on the basis of the present value of the expected future cash flows, discounted at the loan’s original effective interest rate. Short-term balances are not discounted.

e) ImpairmentAn assessment is made by the Fund at each reporting date to determine whether there is objective evidence that a financial asset or group of financial assets is impaired. All impairment losses are recognized in the profit or loss.


f) Investment in associateThe associate is an entity in which the Fund has significant influence, but not control, over the financial and operating policies. The investment in the associated entity is equity accounted.

g) Fixed assetsFixed assets are not capitalized but are fully written off to the statement of comprehensive income in the year of purchase.

h) Provision for pension fundThe Fund has a defined end of service benefit plan (pension plan) which covers all its employees. Provision for the Fund’s obligation towards employees’ pension is determined based on contributions paid by the employees’ and the Arab Fund, in addition to a return of 10% p.a. guaranteed by the Arab Fund.

i) Foreign CurrenciesTransactions in foreign currencies are initially recorded by the Fund at their respective functional currency spot rates prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the reporting date are retranslated to the functional currency at the exchange rate at that date. Differences from adjustment of the monetary items are recognized in profit or loss.

j) Cash and cash equivalentsCash comprises of cash on hand and in banks, cash equivalents comprise bank balances and short term deposits.

k) Revenue recognitionInterest income is recorded using the effective interest rate (EIR), which is the rate that exactly discounts the estimated future cash receipts through the expected life of the financial asset or a shorter period where appropriate, to the net carrying amount of the financial asset. Interest and commission on loans to countries with unpaid past due interest for over three months are excluded from the profit and loss and only recorded as income when received. Interest income from time deposits and call accounts is recognized on a time proportion basis. Dividend income is recognized when the right to receive payment is established. Fees and commission income is recognized when earned.


ANNEXES


Annex 1

Project Sheets for Loans Extended During the Year 2013


ANNEx 1PROJECT 1 OF 18

Republic of SudanLoan Program for Industrial Development Projects

Loan No.: 586 Interest Rate: 2.5%

Beneficiary:Industrial Development Bank (IDB)

Grace Period: 5 years

Project Cost: KD 20.0 million Maturity: 25 years

Amount of Loan: KD 10.0 million Repayment: 41 semi-annual installments

Date of Loan Agreement: 02/01/2013

First Installment: 5 years following the first disbursementDate of

Effectiveness:

Objectives:

The program aims at providing financing to industrial projects and enterprises in the private sector, which will contribute to the creation of new jobs that will help fight unemployment and reduce poverty, in addition to the substitution of imports, or the manufacture of products from local raw materials or intermediate products, in order to increase gross domestic product and value added, and provide foreign exchange.

Description:

The program consists of providing loans for selected industrial development projects through IDB. The loans will be used for acquisition of machinery, equipment, means of transportation and communication, spare parts, systems, programs and other services needed for the establishment of new projects or the expansion of existing ones in the field of manufacturing industries. The program includes loans to: an animal feed plant, an ethanol production project, a paper production project, an organic fertilizer manufacturing project, a leather tannery project, and a vegetable oil extraction project. The program also consists of improving IDB’s performance and activities through institutional support which includes consultancy services, studies, software systems and training, in addition to other tools needed to improve performance.

Financing:

The Arab Fund’s loan covers about 50% of the total program cost, and IDB covers about 37% of that cost. The beneficiaries from the loans will contribute to the remaining program cost, and IDB will cover any additional cost that may arise.



Kingdom of MoroccoWater Supply to Tetouan Area


Beneficiary:National Office of Electricity and Potable Water





First Installment: 4 years following the first disbursementDate of

Effectiveness: 21/07/2013

Objectives:

The project aims at covering the expected shortage in the supply of drinking water in the Tetouan area, and meeting its future needs until 2030. This will be accomplished by using part of the water that will be provided by Wadi Martil dam. The project will also provide water to the new touristic, commercial and industrial zones that will be created in the area, as well as to a number of villages located near the project facilities.

Description:

The project, which is expected to be completed by the second quarter of 2016, includes the construction of a pumping station and a water treatment plant, the laying of pipelines to transport water, in addition to technical and consultancy services. The project consists of the following main components:

1. Pumping Station and Water Treatment Plant: This includes civil works needed for the construction of a water pumping station with a capacity of about 2600 l/s, at a height of about 102 m, and equipping it with pumps with a total capacity of about 1300 l/s, as well as performing all electrical and hydro-mechanical works necessary to operate the station. This component also includes the construction of a reservoir for balancing the water with a capacity of about 3500 m3, the construction of a water treatment plant, near Toreeta plant, with a capacity of about 500 l/s, and the installation of a complete system for monitoring and operating all the project facilities.

2. Water Pipelines: This includes the laying of pipelines to pump and transport water, with a total length of about 15 km and diameters ranging between 1000 and 1300 mm.

3. Technical Services: This includes consultancy services needed to prepare studies and design, bid analysis and project supervision.

Financing:

The Arab Fund’s loan covers about 74% of the total project cost. The Moroccan Government will cover the remaining cost of the project and any additional cost that may arise.


Islamic Republic of MauritaniaDevelopment of Power Generating Stations

for Interior Cities


Beneficiary: SOMELEC Grace Period: 7 years




First Installment: 7 years followingthe first disbursement Date of


Objectives:

The project aims at satisfying the rising demand for electric power in about 30 interior cities until the year 2020. This will be accomplished by increasing the installed generation capacity through adding new generating units, and rehabilitating the existing power stations.

Description:

The project, which is expected to be completed in the third quarter of 2015, includes the acquisition and installation of generating units and auxiliaries, and the acquisition of transportation means, cranes, fuel trucks and spare parts. The project also includes civil works for new units, and the rehabilitation and maintenance of a number of existing generating units, in addition to consultancy services. The project consists of the following main components:

1. Generating Units: This includes the acquisition and installation of approximately 31 generating units with capacities of approximately 250 kW, 500 kW and 800 kW, and their mechanical and electrical accessories, auxiliaries, control and protection systems, and spare parts.

2. Installation, Rehabilitation and Maintenance Works: This includes transportation and installation of new generating units, rehabilitation of a selected set of existing units, renovation of control systems, and acquisition of spare parts needed for protective and emergency maintenance, in addition to establishing a central workshop, equipping it with tools and supplying it with transportation means, cranes and fuel tankers.

3. Civil and Renovation Works: This includes civil works for new units, in addition to the maintenance and restoration of existing generating units.

4. Consultancy Services: This includes consultancy services for assistance in bid evaluation, contract proceedings and work supervision.

Financing:

The Arab Fund’s loan covers about 94% of the total project cost. The Mauritanian Government will cover the remaining cost of the project and any additional cost that may arise.



Hashemite Kingdom of Jordan Al-Samra Electric Power Generating Station

(Phase VI)


Beneficiary:Al-Samra Electric Power Generating Company







Objectives:

The project aims at satisfying the increasing demand for electric power and energy in the Kingdom starting in the summer 2013, especially in light of the unexpected increase in loads on the national grid due to the arrival of a large number of immigrants to the country as a result of the political situation in the region, and at substituting the energy being imported from the Egyptian grid, which is expected to drop sharply due to the lack of surplus in the Egyptian generating system. This will be accomplished through the expansion of the Al-Samra power generating station by adding a 140 MW gas turbine.

Description:

The project, which is expected to enter into service in the beginning of the third quarter of 2013, consists of the following main components:

1. Station Expansion Works:

a. Civil Works: This includes levelling of land, paving of roads, and laying of foundations for equipment and buildings included in the project site, along with constructing a building to house the control system for the gas turbine.

b. Gas Turbine: This includes the supply and installation of a 140 MW outdoor type gas turbine, using natural gas as primary fuel and LFO as secondary fuel, and cooling, control and speed regulation equipment, along with the supply and installation of a 200 MVA, 15 kV rated electrical generator and its auxiliaries.

c. Main Circuit Breaker: This includes the supply and installation of a 6,000 A, 15 kV, main circuit breaker, with the necessary measurement and protection equipment.

d. Power Transformer: This includes the supply and installation of a 200 MVA, 15/132 kV, power transformer to connect the gas turbine to the 132 kV transmission network.



e. Auxiliary Mechanical Works: This includes the supply and installation of pumps, water tanks, fuel and natural gas systems inside the station, firefighting systems, along with test, maintenance and other equipment.

f. Electrical Works inside the Station: This includes the supply and installation of the balance of the circuit breakers and power transformers, the cables and auxiliary transformers, rated at 15 kV and below, the measurement, protection and control equipment, along with the distribution network inside the station.

g. Control System: This includes the system for controlling the gas turbine.

h. Spare Parts: This includes the supply of spare parts for the gas turbine and its auxiliaries, for a period of 2 years.

2. Consultancy Services: This includes providing all consultancy services required

for preparing design drawings, assisting in the tendering process, performing project supervision, participating in witness testing and preliminary acceptance of equipment included in the project.

Financing:

The Arab Fund’s loan covers about 94% of the total project cost. The Al-Samra Electric Power Generating Company will cover the remaining cost of the project and any additional cost that may arise.




Republic of SudanUpper Atbara and Setit Dams Complex

(Supplementary Loan)


Beneficiary: Dams Implementation Unit Grace Period: 5 years





Effectiveness:

Objectives:

The project aims at regulating and exploiting the Upper Atbara and Setit rivers’ water by constructing two interconnected dams at Rumela and Burdana sites, and a hydroelectric power plant, to help the development of the Eastern Region of the Republic of Sudan, through boosting the agricultural production, expanding the hydroelectric power generation capacity, as well as increasing the supply of drinking water. The additional water regulated by the dams’ reservoir will be used to intensify the existing agricultural production for 190 thousand hectares in the New Halfa area, presently irrigated from Gashm El-Girba dam, to develop irrigated agriculture for 280 thousand hectares in the Upper Atbara area, to generate electricity, estimated annually at 843 GWh, and to supply drinking water to the city of Gadaref and neighbouring villages.

Description:

The project, which is expected to be completed at the end of the third quarter of 2016, consists of the following main components:

1. Rumela and Burdana Dams: This includes the construction of two interconnected dams with a total crest length of 13 km, and a hydroelectric power plant in a site located 80 km south of the existing Gashm El-Girba dam on the main Atbara river. The two dams will impound a reservoir with a storage capacity of 3.7 billion m3. This component includes:

a. Construction of Rumela Dam: This includes the construction of an earth fill dam and its appurtenant structures on the Upper Atbara river, consisting of an impervious core earth fill dam section across the river, and two homogenous earth fill sections in the river banks with an earth fill dyke in the left bank. The dam, including the dyke, has a crest length of 6.4 km and a width of 10 m, and a maximum height of 55 m above the foundation. The appurtenant structures include a spillway


with bottom outlet, a water intake and a hydroelectric power plant, as well as an additional water intake. The construction of the dam includes preparatory, civil and hydromechanical works.

b. Construction of Burdana Dam: This includes the construction of an earth fill dam and its appurtenant structures on the Setit river, consisting of an impervious core earth fill dam section across the river, and two homogenous earth fill sections in the river banks with an earth fill dyke in the right bank. The dam, including the dyke, has a crest length of 6.6 km and a width of 10 m, and a maximum height of 50 m above the foundation. The appurtenant structures include a spillway with bottom outlet. The construction of the dam includes preparatory, civil and hydromechanical works.

2. Hydroelectric and Electric Works: This includes the acquisition and installation of a 320 MW hydroelectric power plant consisting of 4 identical vertical Kaplan turbines, with a rated capacity of 80 MW each and an average head of 34 m, a flow rate of 250 m3/s, four generators, power transformers and an auxiliary transformer, a 220 kV switchyard, and measurement, protection, and control systems, and other auxiliaries and accessories. It also includes acquisition and installation of equipment needed for evacuating the generated power through a double circuit 220 kV transmission line, 28 km long, to Al-Showak substation.

3. Technical Services: This includes consultancy services required to review previous studies and designs, preparation of detailed design and construction drawings for Rumela and Burdana dams with the two power plants, as well as supervision of project construction.

4. Land Expropriation and Resettlement: This includes land acquisition, compensation for properties, and resettlement of 138 thousand inhabitants affected by the construction of the project.

5. Project Management: This includes the establishment of a project management unit within the Dams Implementation Unit, which will administer the implementation of the project.

Financing:

The supplementary loan, along with the previous two Arab Fund’s loans (No. 557/2010 and No. 566/2011) cover about 22% of the total project cost. The Government of Algeria, the Kuwait Fund for Arab Economic Development, the Saudi Fund for Development, the Islamic Development Bank and the OPEC Fund for International Development, contributed to the financing of the project with loans equivalent to about KD 175 million, representing about 34% of the total project cost. The Government of Sudan will cover the remaining cost of the project and any additional cost that may arise.




Republic of YemenSanitary Networks in Sana’a

(Phase IV)


Beneficiary:Sana’a Water and Sanitation Local Corporation (SWSLC)







Objectives:

The project aims at improving the health status of the inhabitants of some areas in Sana’a City through the construction of sanitary networks. This will eliminate the environmental problems associated with the flow of raw wastewater to residential and commercial areas and to roads. In addition, the project will reduce the spread of water-related diseases and improve the appearance of the capital city.

Description:

The project, which is expected to be completed by the end of 2016, consists of the following main components:

1. Construction of Sanitary Networks: This includes the supply and installation of major and minor pipelines, and the ancillary equipment needed to collect and transport the raw wastewater from the areas of Asser, Alsuneneh, Omer Ben Abdelaziz, Aljarda’, Kaa’Aljarda’, Rawda and the area east of the airport, in addition to the construction of networks at other sites in Sana’a requiring quick remedial action.

2. Technical Services: This includes the supervision of construction of the networks and the hiring of experts to support the project management unit within the SWSLC.

Financing:

The Arab Fund’s loan covers about 81% of the total project cost. The Yemeni Government will cover the remaining cost of the project and any additional cost that may arise.


Arab Republic of EgyptModernization of the Signaling System on the Benha - Zagazig - Ismailia - Port Said Corridor


Beneficiary:Egyptian National Railways (ENR)



Amount of Loan: KD 44.0 million Repayment: 35 semi-annualinstallments


First Installment: 5 years following the first disbursement Date of

Effectiveness:

Objectives:

The project aims at raising the level of safety along the Benha - Zagazig - Ismailia - Port Said corridor (line), increasing the number of passenger trains passing on it, and the volume of freight it can handle. This will be accomplished by replacing the existing mechanical interlocking system with a more modern, centrally controlled, electrical interlocking system.

The project will improve the ability of the ENR system operators to control the movement of trains along the line, and coordinate the operation of the railroad crossings with the movement of the trains, thus reducing the minimum permissible time between trains and lowering the rate of traffic accidents.

Description:

The project, which is expected to be completed by the end of 2016, consists of the supply and installation of the signaling and telecommunications systems to safely manage the line, along with the necessary civil and mechanical works. The project also includes the provision of consultancy services required for the project, and institutional support needed to raise the efficiency of operations of ENR. The project consists of the following main components:

1. Signaling and Control System: This includes:

a. Central Control Center (CCC): This includes the supply and installation of all equipment necessary for the operation of the center, which will be constructed in the city of Zagazig and used to operate the entire line.

b. Local Control Towers (LCT): This includes the construction of 20 local control towers along the line, in order to control the operation of the various signaling




equipment included in the project. The LCT’s will be connected to the CCC to enable operators, in the towers, to control the signaling equipment locally in case of failure of the CCC.

c. Telecommunications System: This includes the supply and installation of an integrated telecommunications system to connect the CCC with the various LCT’s.

d. Electrical Supply System: This includes the construction of an electrical system to feed the instruments and equipment located in the CCC and LCT’s, the telecommunications equipment, along with the signaling equipment located along the line.

e. Civil Works and Mechanical Equipment: This includes the construction of the CCC and LCT’s, civil foundations for the equipment, excavation works for the cables, along with the supply and installation of air conditioning and fire-fighting equipment.

2. Consultancy Services: This includes the supervision of project execution, equipment witness testing, and the preparation of feasibility studies for future projects to improve the efficiency of operations of ENR.

3. Institutional Support: This includes the supply and installation of equipment, and the design and supply of software programs necessary for modernizing the information systems of ENR, along with the upgrade of the technical capabilities of its staff through supplying its training facility with equipment, tools, software programs, references and periodicals.

Financing:

The Arab Fund’s loan covers about 55% of the total project cost. The Egyptian Government is coordinating with several Arab financial institutions to cover most of the gap in financing the project. It will then cover the balance of the project cost and any additional cost that may arise.



Islamic Republic of Mauritania Construction of a 30 MW Wind Farm in Nouakchott


Beneficiary: SOMELEC Grace Period: 7 years






Objectives:

The project aims at meeting the increasing demand for power and energy in the city of Nouakchott and its suburbs, without using fossil fuel. This will be accomplished through the construction of a 30 MW wind farm in the city, and connecting it to the local transmission network.

Description:

The project, which is expected to be completed in the second quarter of 2015, includes the supply and installation of low voltage (LV) wind turbines, with a total capacity of 30 MW, and transformers to raise the generated voltage to 33 kV, the construction of a 33 kV substation, the laying of 33 kV cables to connect the generating units to the substation, and the substation to the 33 kV local transmission network, along with the provision of the necessary consultancy services and institutional support. The project includes the following main components:

1. Wind Farm:

a. Turbines: This includes the supply and installation of 15 wind turbines, each rated at 2 MW, and 15 transformers from LV to 33 kV.

b. Civil Works: This includes the construction of tower footings, buildings and an internal road network.

c. Electrical Works: This includes the supply and installation of a 33 kV substation containing measurement, protection and control equipment, and laying of 33 kV cables to connect the turbines to the substation.

d. Electrical Interconnection Works: This includes the laying of 33 kV cables



between the wind farm and each of the Arafat substation and the West substation, in order to connect the wind farm to the local transmission network.

2. Consultancy Services: This includes providing the consultancy services necessary to assist SOMELEC in contractual procedures, review of design drawings, project supervision, equipment witness testing and project acceptance.

3. Institutional Support: This includes training of SOMELEC employees and conducting studies, in addition to the acquisition, delivery and installation of computers, systems and printers.

Financing:




Islamic Republic of MauritaniaNéma – Mali Border Road

(Section III)


Beneficiary:Ministry of Equipment and Transport







Objectives:

The project aims at developing the transport services on the main road network of the country, and insuring traffic safety. The project also aims at promoting trade between different regions of the country, and between Mauritania and its neighboring countries, through the completion of the connecting road between the city of Néma and the borders of Mali. The project is expected to contribute to the development of areas adjacent to the road, integrate isolated localities and improve their access to basic services.

Description:

The project, which is expected to be completed by the end of 2016, constitutes the third section of the connecting road between Néma and the borders of Mali, as the first and second sections are being implemented. It comprises of the construction and paving of the road that extends between the cities of Bassiknou and Fassala, of a total length of approximately 64 km, with two lanes, one in each direction with a width of 3.5 m, and shoulders, each with a width of 1.5 m. The project also consists of the consultancy services necessary for the supervision of the implementation. The project includes the following main components:

1. Civil Works: This includes all the civil and construction works needed to construct the asphalt road, including all excavation and backfill, the construction of pavements and paving, the drainage facilities, all the necessary complementary works to ensure traffic safety, in addition to road protection works and quicksand stabilization.

2. Consultancy Services: This includes consultancy services necessary for review of the design, and supervision of project implementation.

Financing:




Republic of TunisiaMdhila 2 Triple Super Phosphate Fertilizer Production


Beneficiary: Groupe Chimique Tunisien (GCT) Grace Period: 4 years





Effectiveness:

Objectives:

The project aims at increasing the production of high value fertilizer in Tunisia, and reducing the emissions of harmful gasses and dust resulting from the transfer and conversion of phosphate ore into triple super phosphate (TSP) fertilizer. This will be accomplished through the construction of a new production plant in Mdhila. The project also aims at utilizing the thermal energy resulting from the manufacturing process to generate electricity, providing new employment opportunities, and improving the economic situation in the project area.

Description:

The project, which is expected to be completed by the end of the second quarter of 2015, comprises of all the civil works necessary for the preparation and processing of the site, as well as the supply, installation and operation of sulfuric acid, phosphoric acid and TSP fertilizer production units. It also includes the equipment and supplies needed to utilizing the resulting energy from the manufacturing process to generate electricity and to reduce emission of harmful gases and dust. The project also includes basic services, storage units, maintenance workshops and buildings, and the necessary consultancy services for the design of the project, the supervision of its implementation, as well as the training of the employees. The project includes the following main components:

1. Civil Works and Shared Facilities: This includes the works necessary for the preparation of the site and the construction of the buildings, facilities, service networks, storage units and workshops.

2. Production Units:

a. A sulfuric acid production unit with a daily capacity of 1,800 tons, and a 22 MW electric generating unit which utilizes the thermal energy resulting from the manufacturing process.


b. A phosphoric acid production unit with a daily capacity of 600 tons, and a retrieval line for the fluorine gas.

c. A TSP fertilizer production unit with an annual capacity of 380 thousand tons, and equipment for the transport, storage and shipping of the fertilizer.

3. Institutional Support and Training:

a. The necessary consultancy services for the design of the project, the supervision of its implementation, and trial operation.

b. The training of employees in the area and the development of their capabilities.

Financing:

The Arab Fund’s loan covers about 19% of the total project cost. The European Investment Bank contributes to the financing of the project with a loan equivalent to about KD 53 million (about 46%). The GCT will cover the remaining cost of the project and any additional cost that may arise.




Islamic Republic of MauritaniaNew Nouakchott International Airport


Beneficiary:Ministry of Equipment and Transport






Effectiveness:

Objectives:

The project aims at developing air transport in Mauritania and accommodating national and international flights through the construction of a new international airport in Nouakchott able to handle the increasing demand for air transport. This project will help stimulate the economic and social development of the country.

Description:

The project, which is expected to be completed during the second quarter of 2015, includes the construction of the airport infrastructure in accordance with the principles, regulations and standard specifications of the International Civil Aviation Organization, in order to accommodate all types of aircraft, specifically Airbus 380 and Boeing 747. The airport will have a maximum annual capacity of around two million travelers. The project includes the following main components:

1. Runways, Taxiways, Aprons and Service Roads: This includes the civil works necessary to construct two runways for landing and takeoff, one as the main runaway and designed to accommodate all types of aircraft, with a length of 3,400 m and a width of 60 m, and the other as a secondary and reserve runaway, with a length of 2,400 m and a width of 45 m. This component also includes taxiways parallel to the main runaway and aprons, as well as service roads inside the airport and parking for buses and cars outside the airport.

2. Main Terminal and Airport Services Buildings:

a. Main Terminal: This includes the construction and architectural works for the 20,000 m2 main terminal, comprising equipping the arrival and departure halls for passengers and air cargo, supplying and installing the necessary equipment and devices, halls for the airline companies to process passengers, luggage handling


equipment and the necessary equipment to manage the terminal according to international standards. The terminal will also include spaces for commercial outlets such as restaurants and shops, which will be prepared at a later stage of the project’s execution.

b. Airport Service Buildings: This includes the construction of an air traffic control

tower, a fire fighting station and maintenance workshops for the mechanical equipment at the airport. This component also includes the construction of a presidential building, a cargo terminal and an aircraft station.

3. Air Navigation Devices: This includes the supply and installation of all necessary devices for air navigation, communication, meteorology and air traffic control. This component also includes the supply and installation of devices for the runaways and taxiways, electrical generators, transformers and an electricity distribution network.

4. Other Equipment:

a. Airport Operation Facilities: This includes the supply and installation of all necessary equipment and devices needed to operate the airport and ensure both land and air navigation safety.

b. Public Utilities: This includes the construction of a road to connect the airport to the main road network, the supply of electricity, and the establishment of the communication, water and sewerage networks.

5. Technical and Consultancy Services: This includes the necessary services for the preparation of studies, designs and tender documents, assistance to the project implementation unit in selecting contractors and suppliers, as well as supervision of project implementation.

Financing:

The Arab Fund’s loan covers about 4% of the total project cost. A private company which has been set up in order to finance and execute this project, will be providing the equivalent of about KD 193.6 million (about 91%). The Mauritanian Government will cover the remaining cost of the project and any additional cost that may arise.




Republic of DjiboutiRehabilitation of the Distribution Networks

of Drinking Water in Djibouti City


Beneficiary:Office National de l’Eau et de l’Assainissement de Djibouti (ONEAD)






Effectiveness:

Objectives:

The project aims at addressing the severe drinking water shortage in Djibouti City, by rehabilitating and strengthening the water distribution network, expanding it, pumping additional groundwater into the network and rationalizing water consumption. The project is expected to provide around 2.1 million m3 annually of water. The project will also help develop the water distribution network, improve drinking water services, and thereby the living and health conditions of the population.

Description:

The project, which is expected to be completed during the third quarter of 2017, includes the rehabilitation of water distribution tanks, the rehabilitation and laying of pipelines, installation of house connections, construction of water pumping stations, drilling and equipping wells and connecting them to the distribution network, in addition to technical services and institutional support to ONEAD. The project consists of the following main components:

1. Rehabilitation of Water Distribution Network: This includes the rehabilitation of about 4 existing water distribution tanks with capacities ranging between 1,400 and 2,500 m3, replacement of approximately 80 km of pipelines with diameters ranging between 75 and 600 mm, and their accessories, as well as laying of approximately 95 km of pipelines with diameters ranging between 75 and 400 mm. This component also includes the replacement of approximately 16,500 existing house connections, as well as the installation of approximately 8,000 new connections. Two water pumping stations with variable speeds will also be constructed, each with a capacity of approximately 100 liters/second with a maximum height of 30 m. In addition, this includes drilling approximately 10 groundwater wells and equipping them with pumps, executing the necessary electrical and hydro-mechanical works for their operation, and laying about 10 km of pipelines with diameters ranging between 110 and 250 mm to connect them to the distribution network.


2. Technical Services: This includes consultancy services required to prepare the studies and design of the project, tender documents, assisting in bid evaluation, and supervising the execution of the project.

3. Institutional Support: This includes establishing a workshop for repairing water meters and maintaining pumps, purchasing equipment, and training workers in project administration, operation and maintenance. It also includes the services of experts and consultants to conduct required studies for the improvement of ONEAD’s management and financial system.

Financing:

The Arab Fund’s loan covers about 90% of the total project cost. The Government of Djibouti will cover the remaining cost of the project and any additional cost that may arise.




Republic of YemenReconstruction of Abyan


Beneficiary: Abyan Reconstruction Fund Grace Period: 5 years





Effectiveness:

Objectives:

The project, which is part of the emergency program for the reconstruction of areas affected by acts of sabotage and terrorism in the Governorate of Abyan, aims at repairing the damages caused to all facilities, services, and public and private infrastructure in the Governate, as well as providing assistance to the victims of those acts and the displaced, and alleviating the suffering they endured. The project also aims at accelerating the achievement of development and social goals in the Governorate.

Description:

The project, which is expected to be completed at the end of the first quarter of 2015, aims at renovating, rehabilitating or building technical, industrial and agricultural institutes, elementary schools, and the college of education in Abyan University, in addition to an agricultural research station, a cotton mill in the city of Al Kawd, a central complex for fruits, vegetables and meat in the city Lawdar, and a coeducation secondary school in the city of Jaar. The project includes all necessary civil and construction works, supplying and installation of equipment, as well as the consultancy services to prepare and execute the project. The main components of the project can be summarized as follows:

1. Civil Works and Supplies: This includes all civil, construction and electromechanical works necessary to renovate, rehabilitate, or build the damaged facilities included in the project. It also includes the supply and installation of classroom furniture and supplies, administrative offices, and all necessary equipment, machinery, and instruments for the laboratories and workshops.

2. Consultancy Services: This includes preparing the studies, designs and detailed

plans, the tender documents, as well as assistance in bid evaluation and project supervision.

Financing:



Republic of YemenEducational Hospital for Aden University


Beneficiary: Aden University Grace Period: 5 years






Objectives:

The project aims at supporting the health system in the Governorate of Aden, and improving its health services. In addition, the project aims at improving qualifications of students of the medical colleges, and supporting medical research at the university.

Description:

The project will help improve health services and raise the capabilities of medical students at Aden University, through the construction of an educational hospital with a capacity of about 400 beds. The project, which is expected to be completed by the end of 2016, consists of the following main components:

1. Hospital Construction and Equipment:

a. Buildings needed for health services, education and housing of employees, with all the required electrical and mechanical works.

b. General site works related to roads, parkings, electricity, communication, water, wastewater, waste treatment, and all other auxiliary works.

c. Equipment, that includes medical and non-medical equipment, and furniture.

2. Technical Services: These include the consultancy services needed to supervise the implementation of the project, the use of expert services to help the project implementation unit, in addition to training of local employees.

Financing:




Republic of YemenRehabilitation and Expansion of

Sana’a – Al Hudaydah Road


Beneficiary:Ministry of Public Works and Highways






Effectiveness:

Objectives:

The project aims at developing transport between the capital Sana’a and the country’s main port in Al Hudaydah, by rehabilitating and expanding the road that links the two cities. This will reduce bottlenecks, accommodate the increasing traffic and allow for safer travel on this road, which is the main one in the national road network.

Description:

The project, which is expected to be completed at the end of the first quarter of 2016, includes the necessary works to rehabilitate and expand part of the road that stretches between the capital Sana’a and Al Hudaydah port. These works include digging, paving, bridge construction, protection works and traffic safety works. The length of the road subject to the works is about 139 km, and has been divided into two sections for design and implementation purposes. The first section stretches from Al Masajid area to Manakhah and is about 70 km long. The second section stretches from Manakhah to the Bajil – Al Sharq intersection, and is approximately 69 km long. The project also includes a diversion of about 14.6 km in Manakhah and the construction of a tunnel, around 70 km from the capital. In addition, the project includes the necessary technical services and expertise for the supervision of the works, and training of the local cadre. The main components of the project can be summarized as follows:

1. Road Rehabilitation and Expansion: This includes implementation of all the works related to the rehabilitation and expansion of part of the road, to create two lanes, each with a width of 7.5 m, and two shoulders, each with a width of 2.4 m. Works also include drilling, backfilling, pavements and asphalt paving. This component also includes construction of a number of new bridges, expansion of existing ones, rainwater drainage and retaining walls, as well as traffic safety works.

2. Creating a Diversion in Manakhah and Construction of a Tunnel: This includes

the necessary works to divert part of the road in the mountain region of Manakhah



which has a length of approximately 10 km, and construct a tunnel with a length of approximately 4.6 km.

3. Technical Services: This includes the necessary consultancy services to supervise the rehabilitation and expansion of the road, the assistance of experts, when necessary, to help supervise the project execution, as well as the training of the local cadre.

Financing:

The Arab Fund’s loan covers about 29% of the total project cost. The Central Bank of Yemen will also contribute to the financing of the project with an amount equivalent to about KD 64.3 million (about 62% of the total cost). The Yemeni Government will cover the remaining cost of the project and any additional cost that may arise.




Republic of SudanNyala – El-Geneina Transmission Line to the Darfur States


Beneficiary:Sudan Electricity Transmission Company (SETC)






Effectiveness:

Objectives:

The project aims at satisfying the increasing demand for electricity in several towns and villages in three Darfur States, by connecting them to the national transmission grid. The project will provide safe and low-cost electric energy to meet the lighting and cooking needs of the residents, the needs of the various economic sectors, and reduce the dependence on small, non-reliable and expensive diesel generating units currently used to supply the loads of the towns and villages included in the project.

Description:

The project, which is expected to be completed by the end of 2015, includes the construction of four 220 kV substations in the cities of Nyala, Kass, Zalinge and El-Geneina, located in three Darfur States, and a 350 km, 220 kV, double circuit transmission line connecting all four substations, and connecting the Nyala substation included in the project (Nyala “2”) with the national transmission grid, in addition to technical services required for the project. The project includes the following main components:

1. Electric Substations: This consists of the construction of Nyala “2”, Kass, Zalinge and El-Geneina 220 kV substations, including all civil works and measurement, protection and control equipment, and connecting the Nyala “2” substation with the planned 220 kV transmission line (Al Fula - Nyala”1” - El Fasher) which will pass by the substation.

2. Transmission Line: This includes the construction of a 350 km long, double circuit, 220 kV transmission line starting at Nyala “2” substation, passing through Kass and Zalinge substations, and ending at El-Geneina substation.

3. Technical Services: This includes providing consulting services needed for design review, project supervision, witness and acceptance testing, in addition to the use of experts as needed.

Financing:

The Arab Fund’s loan covers about 84% of the total project cost. The Sudanese Government will cover the remaining cost of the project and any additional cost that may arise.


Islamic Republic of MauritaniaDrinking Water and Development of Oases in Rural Areas


Beneficiary:

Ministry of Economic Affairs and Development, Ministry of Rural Development, Agency for the Promotion of Universal Access to Basic Services






Effectiveness:

Objectives:

The project aims at providing drinking water to the inhabitants of rural villages in different parts of Mauritania, as well as improving their health and living conditions. The project also aims at developing groundwater sources and regulating surface water in oases for agricultural use. The project will contribute to strengthening the efforts to fight poverty and unemployment, improving farmers’ income, providing employment opportunities and maintaining the population in rural oases areas.

Description:

The project, which is expected to be completed during the third quarter of 2018, will rehabilitate existing drinking water facilities in about 100 rural villages which are currently being supplied by the National Office for Water Services in Rural Areas (National Office). Equipment and supplies of facilities in a number of other villages will also be rehabilitated. This project will also supply about 200 villages deprived of drinking water services, as well as prepare for the supply of around 200 other villages with drinking water by digging the necessary wells. In addition, the project will develop the rural areas in the oases through the provision of groundwater for the irrigation of about 1,100 hectares of palms and vegetables, and regulate surface water for the irrigation of about 1,150 hectares of grain, as well as replenish groundwater supplies. The project includes the following main components:

1. Drinking Water in Rural Villages:

a. Rehabilitation of Existing Drinking Water Facilities: This includes the preparation of about 100 wells with submersible pumps, and the establishment and rehabilitation of around 100 upper water reservoirs with capacities ranging between 20 and 200 m3 each. This also includes extending and replacing about 450 km of pipes with diameters ranging between 63 and 160 mm, installing about 10,000 house connections, 80 public faucets and 50 basins for watering livestock,



replacing about 30 thousand water meters for the National Office customers, replacing about 700 meters for the production and distribution of water, in addition to rehabilitating about 300 hand pumps on existing wells, and replacing about 300 small submersible thermal powered pumps with solar powered pumps.

b. Establishment of New Drinking Water Facilities: This includes the preparation of about 200 wells with submersible pumps, the establishment of about 200 upper water reservoirs with capacities ranging between 20 and 200 m3 each, and the extension of about 1,400 km of pipes with diameters ranging between 63 and 200 mm. This also includes the installation of about 20,000 house connections, 400 public faucets and 200 basins for watering livestock.

c. Digging Wells: This includes digging about 200 groundwater wells with depths ranging between 60 and 140 m.

2. Rural Development Works in Oases: This component includes the following:

a. Wells and Irrigation Networks: This includes the preparation of about 30 existing wells with submersible pumps, digging about 50 wells and preparing them, establishing about 70 upper water reservoirs with capacities ranging between about 40 and 60 m3, and extending about 90 km of pipes with diameters ranging between 63 and 90 mm.

b. Rehabilitation and Construction of Small Dams and Levees: This includes the rehabilitation of about 3 existing small dams, and the construction of about 7 dams with heights ranging between 2 and 8 m each, and lengths ranging between 80 and 1,200 m. This also includes the construction of about 20 levees with lengths ranging between 70 and 210 m each, and a height of about 1.5 m.

3. Technical Services: This includes the provision of the technical and consultancy services necessary to prepare the studies and implementation plans, design and tender documents, and the supervision services for the implementation of the project. This also includes the provision of agricultural advisory services, the preparation of a laboratory for agricultural research with a goal to improve palm production, and the use of experts to support the agencies that manage the project’s implementation.

4. Institutional Support: This includes the provision of equipment, supplies, and means of transport for the management of the project’s implementation, as well as the training of employees, and the establishment of a center for the storage and packaging of dates.

Financing:




Kingdom of MoroccoTangier Med II Port

(Phase II)


Beneficiary: Tangier Med 2 Company Grace Period: 5 years





Effectiveness:

Objectives:

The Tangier Med II port project aims at contributing to the economic and social development in the Kingdom of Morocco, particularly the northern regions, through the construction of a second port. This port constitutes an extension of the existing Tangier Med I port, which began to operate in 2007 and was completed in 2008. The project also aims at meeting the increasing marine traffic demand, thereby making Tangier Med port complex, the largest container port in the Mediterranean region.

Description:

The project, which is expected to be completed by the end of 2016, includes the necessary infrastructure works for the new port, as well as all required facilities and equipment to enable the port to receive and handle large container vessels. The new port will have a total capacity of 5 million TEU (Twenty Foot Equivalent Unit). The project also includes all marine and civil works required for dredging the port basin and approach channel, construction of breakwaters and quays to accommodate and receive large vessels, and ancillary works required for the port operation, in addition to the necessary consultancy services. The project will be executed in 3 phases, and includes the following components:

A. Infrastructure Works:

1. Phase I: This phase contains works related to the construction of the first quay (Quay 1). This includes initial works such as site preparation and mobilization of construction equipment required for this phase. It also includes dredging and backfilling works for the deepening and leveling of the port basin and approach channel to the depth of 18 m. In addition, this phase includes the construction of two breakwaters, a main one with a length of 3700 m and a secondary one with a length of 1200 m. Quay 1 is 1200 m long and is divided into 3 berths of 400 m each. The Arab Fund is financing this phase with a KD 50 million loan (loan 558/2010).



2. Phase II: This phase contains works related to the construction of Quay 2A. This includes initial works required for this phase, dredging works required for the construction of Quay 2A and deepening of the port basin in front of it, in addition to extending the secondary breakwater for 600 m. Quay 2A is 800 m long and is divided into 2 berths of 400 m each. This phase also includes ancillary works needed for the port operation such as service quay and buildings, utilities and roads.

3. Phase III: This includes the construction of Quay 2B, which is 800 m long and is divided into 2 berths of 400 m each.

B. Facilities and Equipment: This includes completing the container storage areas and providing the necessary equipment needed for the operation of the quays, in accordance with the requirements of the project phases.

C. Consultancy Services: This includes the consultancy services required for completing the project studies, and the construction supervision.

Financing:

The two loans provided by the Arab Fund (for phases I and II) cover about 25% of the total project cost. The project is also financed through a loan from the European Investment Bank equivalent to about KD 76 million (about 19%), a bond issue for an amount equivalent to KD 51 million (about 13%), and contributions to capital for a total amount equivalent to KD 136 million (about 34%). The company and the Moroccan Government will cover the remaining cost of the project and any additional cost that may arise.



ANNEx 2PAGE 1 OF 2

Capital, Resources and Status of Loans and Grants 1972 - 2013

(KD Million)

Years Capital Total Resources Income Administrative

ExpensesSurplus Income Signed Loans

1972 15.4 16.0 0.6 0.1 0.5 -

1973 21.7 22.7 1.0 0.6 0.4 -

1974 36.0 38.7 2.9 0.8 2.1 37.11975 52.0 57.4 3.7 0.9 2.8 56.11976 99.6 108.5 5.9 1.5 4.4 98.21977 131.9 145.7 10.3 2.1 8.2 103.91978 164.9 186.2 11.3 2.2 9.1 -

1979 202.7 225.8 14.7 2.0 12.7 19.41980 260.7 313.2 22.1 2.2 19.9 30.21981 317.5 393.3 26.8 2.1 24.7 40.51982 374.2 482.9 36.7 2.4 34.3 67.31983 450.1 598.4 40.2 3.2 37.0 91.11984 520.5 680.4 40.2 2.9 37.3 85.61985 581.1 797.4 61.0 3.2 57.8 53.21986 642.2 960.5 113.8 3.2 110.6 104.51987 644.2 1,009.3 53.9 3.2 50.7 65.41988 644.3 1,062.0 80.0 2.9 77.1 112.91989 663.0 1,176.2 103.7 3.0 100.7 165.81990 663.0 1,236.7 68.9 3.2 65.7 195.01991 663.0 1,245.2 74.4 3.7 64.9 171.41992 663.0 1,344.4 116.7 3.2 104.7 175.71993 663.0 1,424.9 99.5 3.1 85.0 184.51994 663.0 1,421.5 2.8 3.3 - 0.4 194.41995 663.0 1,495.3 117.2 3.4 80.6 207.51996 663.0 1,584.8 98.5 4.0 94.4 266.41997 663.0 1,675.0 105.4 4.1 96.1 244.11998 663.0 1,747.8 83.8 4.7 77.9 258.01999 663.0 1,828.7 95.3 4.7 86.6 266.02000 663.0 1,933.2 81.4 4.7 76.7 279.52001 663.0 1,983.9 53.6 4.9 48.7 285.02002 663.0 2,054.4 34.2 4.9 78.6 293.52003 663.0 2,169.8 129.2 4.9 122.4 308.52004 663.0 2,266.0 119.3 5.2 113.2 309.02005 663.0 2,354.5 108.4 5.9 102.6 335.02006 663.0 2,451.1 126.5 6.6 119.6 345.02007 663.0 2,535.0 117.3 6.0 111.2 368.02008 2,000.0 2,513.4 6.0 6.7 - 0.9 366.82009 2,000.0 2,617.5 123.2 7.3 115.8 334.12010 2,000.0 2,669.7 95.4 6.9 89.3 360.52011 2,000.0 2,717.2 76.2 7.4 68.8 340.02012 2,000.0 2,808.6 112.0 8.4 103.6 379.02013 2,500.0 2,824.8 87.1 8.1 33.5 388.0Total - - 2,761.1 163.9 2,528.9 7,986.1


ANNEx 2PAGE 2 OF 2

Capital, Resources and Status of Loans and Grants 1972 - 2013

(KD Million)

No. of Loans*

Average Amount of Loan*

Loan Disbursements Repayments Grants Grant

DisbursementsNo. of

Member States

No. of BeneficiaryCountries

No. of Technical

Staff

- - - - - - 17 - -

- - - - - - 17 - 188 4.6 1.8 - 0.2 0.1 17 7 26

11 5.1 11.7 - 0.5 0.1 20 8 3014 7.0 18.3 - 0.4 0.2 21 10 4315 6.9 24.7 - 1.0 0.6 21 11 56- - 61.8 0.2 0.4 0.3 21 - 484 4.9 37.0 2.1 0.3 0.2 21 6 309 3.4 25.5 3.4 0.7 0.2 21 8 32

13 3.1 36.1 6.0 1.3 0.2 22 11 2926 2.6 26.8 9.5 1.3 0.7 22 9 2129 3.1 30.2 11.9 1.5 0.6 22 12 3221 4.1 29.9 10.8 1.3 0.7 22 11 3717 3.1 44.5 12.6 1.4 1.2 22 11 4420 5.2 57.3 26.2 3.3 1.0 22 10 5011 5.9 48.4 25.5 3.8 2.2 22 7 5020 5.6 45.5 26.0 5.1 2.7 22 9 5015 11.1 84.0 31.1 3.8 4.8 22 8 5018 10.8 40.6 26.8 4.7 3.4 21 8 5211 15.6 85.7 46.6 3.3 4.2 21 8 4513 13.5 103.1 44.7 3.4 3.2 21 8 4612 15.4 116.5 40.5 5.9 3.2 21 6 4316 12.2 115.7 40.1 3.5 4.1 21 9 4512 17.3 174.8 42.4 5.8 3.9 21 7 4618 14.8 212.7 46.9 2.9 3.5 21 9 6122 11.1 178.5 50.0 4.9 3.0 21 9 6618 14.3 165.6 53.1 3.9 3.9 21 10 6515 17.7 173.2 51.9 6.3 4.5 21 12 6815 18.6 228.8 119.5 13.0 5.8 21 10 6915 19.0 182.8 93.9 5.0 5.2 21 11 6915 19.6 161.2 90.6 4.1 4.5 21 10 7116 19.3 199.7 122.5 7.0 5.9 21 10 6818 17.2 250.3 101.0 5.1 6.1 21 9 6719 17.6 282.2 155.1 4.5 6.2 21 11 6918 19.2 281.5 306.3 13.9 7.8 21 9 6816 23.0 274.5 136.5 11.3 6.5 21 8 6716 22.9 284.7 129.5 10.5 6.9 21 6 6818 18.6 249.3 186.9 7.5 8.0 21 8 6914 25.7 291.7 167.2 9.6 7.0 21 8 6912 28.3 233.0 157.3 13.4 6.5 21 6 6513 29.2 235.0 165.3 7.5 8.4 21 9 6618 21.6 251.5 158.4 7.4 10.1 21 8 67611 13.1 5,356.5 2,698.3 190.8 147.0 - - -

* Based on the date of signature of the loan agreement.


Gro

wth

in A

rab

Fund

Res

ourc

esD

urin

g th

e P

erio

d 19

72 -

201

3(K

D M

illio

n)20

13 -

1972

IÎØd

G ∫Ó

N OQ

GƒŸG

´ƒª›

(.∑

.O ¿

ƒ«∏e

)

Rese

rves

Cap

ital

0

500

100

0

150

0

200

0

250

0

300

0

1972

1975

1980

1985

1990

1995

2000

2005

2010

2013


Cumulative Loans, Disbursements, Repaymentsand Debt Owed to the Arab Fund During the Period

1974-2013(KD Million)

Loans, Disbursements, Repayments and Debt Owed to the Arab Fund During the Period 1974-2013

(KD Million)

ºFÉ≤dG øjódGh OGó°ùdGh äÉHƒë°ùdGh ¢Vhô≤∏d »ªcGÎdG ´ƒªéŸG2013 - 1974 IÎØdG ∫ÓN

(.∑ .O ¿ƒ«∏e)

0 1000 2000 3000 4000 5000 6000 7000 8000 9000

1974 1980 1985 1990 1995 2000 2005 2010 2013

Mill

ion

KD

Debt Owed to the Arab FundRepaymentsDibursementsLoans

ºFÉ≤dG øjódGh OGó°ùdGh äÉHƒë°ùdGh ¢Vhô≤dG Qƒ£J2013 - 1972

(.∑ .O ¿ƒ«∏e)

Debt Owed to the Arab FundRepaymentsDibursementsLoans

Mill

ion

KD

0

200

400

600

800

1000

1200

1400

1600

1800

1974-1979 1980-1984 1985-1989 1990-1994 1995-1999 2000-2004 2005-2009 2010-2013


ANNEx 3

Summary of Loans Extended to Member States 1974 - 2013

(KD Million)

Beneficiary States

No. of Loans Amount of LoansEffective

Loans andDisbursements

% D

isbu

rsem

ents

to E

ffect

ive

Loan

s

Appr

oved

Net

Appr

oved

Canc

elle

d

Net

% N

et L

oans

Effe

ctiv

eLo

ans

Disb

urse

men

ts

1 Hashemite Kingdom of Jordan

45 44 537.7 43.0 494.6 6.9 494.6 473.5 95.7

2 Republic of Tunisia 51 51 695.8 46.1 649.7 9.0 627.7 509.8 81.2

3 Algerian Democratic and People’s Republic

26 25 395.3 112.5 282.8 3.9 282.8 282.8 100.0

4 Republic of Sudan 40 39 724.8 13.0 711.8 9.9 564.8 426.4 75.5

5 Republic of Iraq 10 9 59.7 10.6 49.1 0.7 36.4 19.6 53.7

6 Syrian Arab Republic 51 50 697.0 39.5 657.5 9.1 597.5 467.1 78.2

7 State of Libya 9 8 175.7 33.2 142.5 2.0 142.5 132.9 93.2

8 Arab Republic of Egypt 52 51 1,122.2 89.5 1,032.6 14.3 988.6 815.0 82.4

9 Republic of Yemen 100 98 847.7 20.6 827.1 11.5 778.8 460.2 59.1

10 Republic of Lebanon 25 24 393.0 36.1 356.9 4.9 321.9 228.2 70.9

11 Kingdom of Morocco 67 66 1,147.9 121.5 1,026.4 14.2 976.4 821.6 84.2

12 Kingdom of Bahrain 20 19 301.5 27.7 273.8 3.8 273.8 196.3 71.7

13 Somali Democratic Republic 12 11 40.7 2.8 37.9 0.5 37.9 23.8 62.8

14 Islamic Republic of Mauritania

53 53 430.7 4.7 426.0 5.9 397.0 288.0 72.5

15 Sultanate of Oman 24 23 317.5 164.5 153.0 2.1 153.0 153.0 100.0

16 Palestine 5 5 17.0 2.5 14.5 0.2 14.5 14.4 98.8

17 Republic of Djibouti 21 19 82.0 4.7 77.3 1.1 58.3 43.9 75.3

Total 611 595 7,986.1 772.4 7,213.7 100.0 6,746.7 5,356.5 79.4


ANNEx 4

Sectoral Distribution of Loans Among Beneficiary Member States, 1974 - 2013

(KD Million)

Beneficiary States

Infrastructure Sectors Productive Sectors

Soci

al S

ervi

ces

Sect

ors*

Oth

er S

ecto

rs**

Gra

nd To

tal

Perc

enta

ge

Tran

spor

t

Tele

com

mun

icat

ions

Ener

gy a

nd

Elec

tric

Pow

er

Wat

er a

nd

Sew

erag

e

Agric

ultu

re a

nd

Rura

l Dev

elop

men

t

Indu

stry

and

M

inin

g

1 Hashemite Kingdom of Jordan

36.6 6.0 283.9 8.8 121.4 22.5 58.0 0.5 537.7 6.7

2 Republic of Tunisia 209.8 4.7 130.8 59.9 186.0 59.0 25.0 20.6 695.8 8.7

3 Algerian Democratic and People’s Republic

45.0 7.8 147.0 30.0 77.3 10.0 70.0 8.2 395.3 4.9

4 Republic of Sudan 198.6 7.7 229.5 29.3 195.5 64.2 - - 724.8 9.1

5 Republic of Iraq - 5.0 8.5 - 8.0 18.8 - 19.4 59.7 0.7

6 Syrian Arab Republic 69.0 60.7 368.0 47.5 86.1 52.1 13.0 0.6 697.0 8.7

7 State of Libya - 12.5 127.2 - - 36.0 - - 175.7 2.2

8 Arab Republic of Egypt 132.0 - 655.4 101.0 - 118.4 83.4 32.0 1,122.2 14.1

9 Republic of Yemen 296.9 8.9 208.9 112.6 63.3 31.1 110.1 16.0 847.7 10.6

10 Republic of Lebanon 89.0 - 115.5 52.0 31.0 - 71.5 34.0 393.0 4.9

11 Kingdom of Morocco 561.0 4.0 85.5 107.3 347.5 9.0 33.0 0.6 1,147.9 14.4

12 Kingdom of Bahrain 50.5 6.0 84.0 66.0 - 25.0 70.0 - 301.5 3.8

13 Somali Democratic Republic

16.5 2.9 6.8 5.0 9.5 - - - 40.7 0.5

14 Islamic Republic of Mauritania

88.8 11.1 125.8 155.9 10.3 19.3 4.5 15.0 430.7 5.4

15 Sultanate of Oman 178.5 3.0 22.0 45.0 3.0 6.0 - 60.0 317.5 4.0

16 Palestine 5.0 - - - 6.0 - 6.0 - 17.0 0.2

17 Republic of Djibouti 14.5 5.9 22.0 17.0 1.9 0.7 20.0 - 82.0 1.0

Total 1,991.7 146.2 2,620.8 837.3 1,146.8 472.0 564.5 206.8 7,986.1 100.0Percentage 25.0 1.8 32.8 10.5 14.4 5.9 7.0 2.6 100.0

* Include Education, Health, Housing and Social Development.** Include Loan Commitments for Emergency Projects.


Jord

anTu

nisi

aAl

geria

Suda

nIra

qSy

riaLi

bya

Egyp

tYe

men

Leba

non

Mor

occo

Bahr

ain

Som

alia

Mau

ritan

iaO

man

Pale

stin

eD

jibou

ti

Sect

oral

Dis

trib

utio

n of

Loa

nsA

mon

g B

enefi

ciar

y C

ount

ries

, 197

4 -

2013

(KD

Mill

ion)

0

200

400

600

800

1000

1200

Oth

ers

Soci

al S

ervi

ces

Ind

ust

ry &

Min

ing

Ag

ricu

ltu

re &

Ru

ral D

evel

op

men

tW

ater

& S

ewer

age

Tran

spo

rtTe

leco

mm

un

icat

ion

sEn

erg

y &

Ele

ctri

c Po

wer


Loans Extended to Beneficiary Member States 1974 - 2013

(KD 000)

ANNEx 5PAGE 1 OF 19

* Completed Project. ** Fully Cancelled Loan.

No. Country / Project LoanNo.

Amountof Loan

Cancelled Loans and Balances

Disbursements During 2013

Disbursements as at

31/12/2013

Repayments as at

31/12/2013

(1) Hashemite Kingdom of Jordan1 Amman Northern Approach* 14/75 5,000 69 - 4,931 4,9312 Electric Power Development I* 19/76 6,000 - - 6,000 6,0003 Electric Power Development II* 43/77 5,900 - - 5,900 5,9004 Aqaba Water* 47/79 2,100 129 - 1,971 1,9715 Second Pan-Arab Telecommunications* 58/80 5,000 4,433 - 567 567 6 White Cement Industry (Jordan and Syria)* 78/82 5,000 - - 5,000 5,0007 Potable Water to the Rural Areas* 82/82 700 - - 700 700 8 Electric Power Development III (Aqaba Power Station)* 92/82 5,000 - - 5,000 5,000

9 Fifth Pan-Arab Telecommunications (Inter-Arab)/(Earth Stations)* 96/82 1,000 - - 1,000 1,000

10 Small Farmers Credit in the Jordan Valley* 108/83 2,500 - - 2,500 2,50011 Zarqa-Al Mafraq-Syrian Border Road* 118/83 4,000 - - 4,000 4,00012 Central Ghors Irrigation* 145/84 6,000 82 - 5,918 5,91813 Mitigation of Earthquake Risks* 148/84 450 182 - 268 268 14 The Lower Zarqa River Basin* 165/85 5,000 - - 5,000 5,00015 Zara-Ghor Haditha Road* 175/86 5,600 27 - 5,573 5,573

16 Ruwaishid Pilot Scheme in Hammad Basin (Inter-Arab)* 184/86 1,500 4 - 1,496 1,496

17 Extension of Aqaba Thermal Power Station** 192/87 7,000 7,000 - - - 18 Shaidiya Phosphate Mines* 224/89 8,000 700 - 7,300 7,30019 Jordan-Egypt Power Link* 233/89 10,500 - - 10,500 10,500

20Supporting Operations of Jordan Electricity Authority and the Jordan Phosphate Mines Co.*

239/90 8,000 - - 8,000 8,000

21 Industrial Development Bank Operations Program, 1990- 1993* 252/90 5,000 17 - 4,983 4,983

22 Karameh Dam* 277/93 15,000 1,104 - 13,896 11,83623 Second Agricultural Credit for Income Diversification* 283/93 2,500 - - 2,500 1,87524 King Abdallah Teaching Hospital* 285/93 10,000 399 - 9,601 7,873

25 Aqaba Power Station Phase II and Reinforcement of Internal Transmission Lines* 301/94 35,000 - - 35,000 26,000

26 Interconnection of Jordan and Syria Power Grids (Jordan)* 311/95 19,500 - - 19,500 13,685

27 Aqaba Thermal Power Station (Phase III)* 320/95 26,000 - - 26,000 18,50028 Hwarat-Abu Zeighan Irrigation Water Pipeline* 333/96 1,900 595 - 1,305 931 29 Infrastructure Development in the Poor Areas* 358/97 6,000 446 - 5,554 2,74930 Integrated Development in the Southern Ghors* 359/97 34,000 11,395 - 22,605 13,485

31 Integrated Development in the Southern Ghors (Phase II - Mujib Dam)* 365/98 12,000 356 - 11,644 6,394

32 King Abdallah Teaching Hospital (Second Loan)* 371/98 15,000 29 - 14,971 8,60133 Prince Hamza Hospital* 386/99 23,000 9,348 - 13,652 6,85234 Al-Wehdah Dam* 394/2000 35,000 6,082 - 28,918 9,36835 Education Reform - School Buildings* 444/2003 10,000 318 - 9,682 2,922


ANNEx 5PAGE 2 OF 19

(P): Private Sector Project.* Completed Project.


Amountof Loan



Disbursements as at

31/12/2013

Repayments as at

31/12/2013

(1) Hashemite Kingdom of Jordan

36 Amman Development Corridor (Section I)* 455/2003 12,000 1 22 11,999 43937 Al-Samra Power Generating Station* 462/2004 21,000 - - 21,000 4,80038 Amman Development Corridor - Phase I (Second Loan)* 499/2006 10,000 - - 10,000 - 39 Al-Samra Power Generating Station (Phase II)* 515/2007 20,000 - - 20,000 1,710

40 Comprehensive Development of Wadi Araba Region (Phase l) 522/2007 6,000 - 393 4,556 170

41 Al-Samra Electric Power Generating Station (Phase lII)* 524/2007 30,000 - - 30,000 -

42Al-Samra Electric Power Generating Station (Financing Phase IV and Additional Financing for Phase III)*

542/2009 30,000 - - 30,000 -

43 Sanam Coated Glass Factory (P)* 12P/2010 4,500 323 - 4,177 418

44 Al-Samra Electric Power Generating Station (Phase V) 567/2011 30,000 - 14,048 14,048 -

45 Al-Samra Electric Power Generating Station (Phase VI)* 587/2012 30,000 - 26,291 26,291 -

Subtotal 537,650 43,039 40,754 473,505 225,215(2) Republic of Tunisia1 Tunis Sud Electric Power* 3/74 2,000 1 - 1,999 1,9992 El-Borma Gas* 15/75 4,000 4 - 3,996 3,9963 Development Credit* 34/77 7,000 - - 7,000 7,0004 Water Supply for Industry in Gabes* 50/79 3,300 1,018 - 2,282 2,2825 Ghardima Plain Irrigation* 57/80 3,500 478 - 3,022 3,0226 Bizerte Fisheries Port* 64/81 3,800 649 - 3,151 3,1517 Fourth Pan-Arab Telecommunications* 72/81 3,700 - - 3,700 3,7008 Potable Water to Rural Areas* 83/82 600 88 - 512 5129 Wadi Lubna for Irrigation and Agricultural Development* 91/82 3,500 1,628 - 1,872 1,872

10 Fifth Pan-Arab Telecommunications (Earth Stations)* 101/82 1,000 3 - 997 99711 Water Supply for the Central and Southern Coastal Areas* 115/83 4,000 1,489 - 2,511 2,51112 Mornag Agriculture* 123/83 1,500 133 - 1,367 1,36713 Burj Tomi, Mater and Sajnan Irrigation* 144/84 6,000 2,700 - 3,300 3,30014 Mitigation of Earthquake Risks* 149/84 575 48 - 527 52715 Integrated Rural Development (Phase I)* 166/85 14,000 - - 14,000 14,00016 Northern Roads Development* 190/87 7,000 - - 7,000 7,00017 Monastir Fishery Port* 195/87 1,300 72 - 1,228 1,22818 Al-Qairawan Plain Irrigation* 207/88 5,500 2,079 - 3,421 3,42119 Tunis Municipality Road Rehabilitation* 213/88 2,700 - - 2,700 2,700

20 Rehabilitation and Maintenance of the Phosphoric Acid and Fertilizers Company’s Factories* 228/89 16,000 - - 16,000 16,000

21 Hammamat-Masaken Motorway* 242/90 20,000 - - 20,000 20,00022 Tunisia-Libya Power Link* 243/90 17,800 - - 17,800 9,72023 Maintenance of Flood-damaged Roads* 253/90 5,000 1,049 - 3,951 3,951

24 Sidi El-Barraq Dam Project for Potable Water and Irrigation* 273/92 20,000 3,217 - 16,783 13,783

25 Integrated Rural Development (Phase II)* 293/94 21,000 372 - 20,628 16,32326 Roads Development* 296/94 10,000 - - 10,000 7,695


(KD 000)


ANNEx 5PAGE 3 OF 19

* Completed Project.


Amountof Loan



Disbursements as at

31/12/2013

Repayments as at

31/12/2013

(2) Republic of Tunisia27 University Buildings in Gafsa* 321/96 10,000 2,119 - 7,881 5,33728 Al-Wakael Project (Phase III)* 328/96 5,000 254 - 4,746 3,283

29 Zarqa Dam and the Irrigation of Tbarqa and Mekna Plains*

338/96 13,000 3,830 - 9,170 5,645

30 Hima, Abeed, Rumail and Al-Bark Dams for Irrigation*

348/97 22,000 6,497 - 15,503 9,578

31 Supporting the Vocational Training and Employment Programs*

361/97 11,000 134 - 10,866 5,916

32 Improvement of the Roads Network and Rural Roads*

374/98 35,000 30 - 34,970 17,970

33 Tunis - Bizerte Motorway* 382/99 24,000 4,877 - 19,123 9,22334 El-Kebir and El-Maoula Dams* 391/99 28,000 4,525 - 23,475 8,06535 Development of the Industrial Parks* 402/2000 14,000 4,776 - 9,224 4,77836 Tunis - Mejez El-Bab Motorway* 405/2000 25,000 1,885 - 23,115 9,57037 Developmental Credit Lines* 413/2001 11,000 2,000 - 9,000 3,940

38 Construction of Six Dams in the North to Supply Potable Water

428/2002 32,000 - 2,049 24,076 6,790

39 Modernization of the Transmission Network* 443/2003 30,000 - - 30,000 8,600

40 Sarrat Dam and Irrigation of Oulad Bou Ghanem and Mahjouba Plains

459/2004 12,000 - 766 4,153 360

41 Al-Wakael Project (Phase IV) 464/2004 4,000 - 127 1,688 73242 Regional and Rural Roads Network* 483/2005 16,000 125 - 15,875 1,80143 Wadi Al-Kabir Dam in Gafsa Province 490/2006 3,000 - 102 305 -

44 Ghannouch Combined Cycle Power Generating Station

494/2006 25,000 - - 24,938 710

45 Regional and Rural Roads Network (Phase II) 518/2007 22,000 - 518 20,562 1,260

46 Ghannouch Combined Cycle Power Generating Station (Supplementary Loan)*

543/2009 15,000 - - 15,000 430

47 Sousse Power Generating Station (Second Expansion)

553/2010 37,000 - 6,103 23,537 -

48 Oued Zarga - Bousalem Motorway 561/2011 38,000 - 2,393 3,164 -

49 Urgent Program to Support Small Private Sector Projects

573/2011 15,000 - 5,000 5,000 -

50 Integrated Development Program 574/2011 42,000 - 4,673 4,673 -

51 Mdhila 2 Triple Super Phosphate Fertilizer Production

592/2013 22,000 - - - -

Subtotal 695,775 46,078 21,731 509,793 256,047(3) Algerian Democratic and People’s Republic1 New Arzew Port* 5/74 6,000 1,563 - 4,437 4,4372 Telecommunications* 10A/75 300 52 - 248 2483 Jijel Port* 42/77 12,000 6,760 - 5,240 5,2404 Navigation Inspection Unit* 55/80 2,000 70 - 1,930 1,9305 Fourth Pan-Arab Telecommunications* 71/81 4,500 153 - 4,347 4,3476 Two Hospitals in Tihart State* 94/82 5,000 1,624 - 3,376 3,376

7 Fifth Pan-Arab Telecommunications (Earth Stations)*

102/82 1,000 - - 1,000 1,000

8 The Mitigation of Earthquake Risks (First Loan)* 117/83 4,700 3,704 - 996 996


(KD 000)


ANNEx 5PAGE 4 OF 19



Amountof Loan



Disbursements as at

31/12/2013

Repayments as at

31/12/2013

(3) Algerian Democratic and People’s Republic9 Agricultural Credit* 140/84 6,000 - - 6,000 6,000

10 Wadi Mina Irrigation* 167/85 6,500 1,364 - 5,136 5,13611 Sharfa Dam* 183/86 10,800 2,042 - 8,758 8,758

12 Bani Haroun Dam for Municipal Water, Electricity and Irrigation (First Loan)*

210/88 17,000 127 - 16,873 16,873

13 South Power Supply: Adrar Power Station* 261/91 21,000 1,028 - 19,972 19,97214 Bashar-National Grid Power Link* 280/93 16,000 2,235 - 13,765 13,765

15 Bani Haroun Dam for Municipal Water, Electricity and Irrigation (Supplementary Loan)*

298/94 6,000 - - 6,000 6,000

16 Power Generating Station in Hassi Massoud* 324/96 40,000 57 - 39,943 39,94317 The Mitigation of Earthquake Risks (Second Loan)* 332/96 3,500 1,887 - 1,613 1,61318 Development of Small and Medium Industries* 339/97 10,000 1,012 - 8,988 8,988

19 Power Generating Station in Hassi Massoud (Supplementary Loan)*

353/97 10,000 47 - 9,953 9,953

20 Al-Hama Power Generation Station* 377/98 30,000 1,476 - 28,524 28,52421 Upgrading of the Electric Grid* 387/99 30,000 - - 30,000 30,00022 Development of Social Housing in the Central Region* 396/2000 35,000 12,190 - 22,810 22,810

23 Pumping and Conveyance of Bani Haroun Water (First Stage)*

415/2001 31,000 3,902 - 27,098 27,098

24 Conveyance of Bani Haroun Water (Conveyor to Othmania Dam)*

424/2002 30,000 21,597 - 8,403 8,403

25 Afroun- Husseinia Motorway* 426/2002 27,000 19,599 - 7,401 7,40126 Housing Construction and Reconstruction** 450/2003 30,000 30,000 - - - Subtotal 395,300 112,487 - 282,813 282,813

(4) Republic of Sudan1 Gadaref-Kassala Motorway (First Loan)* 6/74 8,000 - - 8,000 8,0002 Telecommunications* 9/75 4,800 257 - 4,543 4,5433 Rahad Roads* 16/75 4,400 11 - 4,389 4,3894 Sennar-Damazin Motorway* 31/76 11,000 986 - 10,014 10,0145 Railways Development* 46/77 5,000 32 - 4,968 4,968

6 Gadaref-Kassala Motorway (Supplementary Loan)*

51/79 5,200 - - 5,200 5,200

7 Nzara Rural Development** 65/81 2,500 2,500 - - - 8 Potable Water for the Rural Areas* 84/82 1,800 73 - 1,727 1,727


100/82 1,300 223 - 1,077 1,077

10 Rehabilitation of Sugar Industry (First Loan)* 110/83 6,000 - - 6,000 6,00011 Rehabilitation of Sugar Industry (Second Loan)* 111/83 7,500 - - 7,500 7,500

12 Rehabilitation of Gezira Agricultural Scheme (First Loan)*

136/84 8,000 - - 8,000 8,000

13 Rehabilitation of Gezira Agricultural Scheme (Second Loan)*

155/85 4,400 - - 4,400 4,400

14 Rehabilitation of Khartoum Water and Sewerage Facilities*

179/86 2,500 - - 2,500 2,500

15 Rehabilitation of Telecommunications (Phase I)* 180/86 1,600 - - 1,600 1,60016 Rehabilitation of the Sugar Industry (Third Loan)* 181/86 3,400 - - 3,400 1,870


(KD 000)


ANNEx 5PAGE 5 OF 19


(P): Private Sector Project.


Amountof Loan



Disbursements as at

31/12/2013

Repayments as at

31/12/2013

(4) Republic of Sudan

17 Rehabilitation of Gezira Agricultural Scheme (Third Loan)*

182/86 9,600 - - 9,600 6,420

18 National Power Grid* 198/87 8,500 - - 8,500 6,96419 Port Sudan Water Supply* 206/87 10,000 5,000 - 5,000 2,88020 Textiles Rehabilitation* 208/88 4,500 3,765 - 735 73521 Paving of the Main Roads* 392/2000 23,000 - - 23,000 8,68022 Roseires Dam* 393/2000 12,000 - - 12,000 4,31023 Atbara - Haiya - Port Sudan Road* 410/2001 25,000 - - 25,000 4,72524 Merowe Dam* 422/2002 46,000 - - 46,000 10,000

25 Generation and Transmission of Electricity from Merowe Dam*

448/2003 30,000 - - 30,000 4,000

26 Gadaref-Doka-Gallabat Road* 457/2003 9,000 130 - 8,870 1,37927 Merowe Dam Road* 474/2005 4,000 - - 1,534 74428 White Nile Sugar* 476/2005 21,000 - - 21,000 1,36029 Heightening of Roseires Dam (Phase II)* 521/2007 58,000 - 5,166 54,207 -30 Merowe Dam (Supplementary Loan)* 528/2008 58,000 - 4,129 45,108 -31 Al Salam Cement Factory (P)* 8P/2008 2,778 - - 2,778 1,85232 White Nile Sugar (Supplementary Loan) 548/2010 30,000 - 1,869 27,172 -33 Khartoum New International Airport 552/2010 50,000 - - - -34 Upper Atbara and Setit Dams Complex 557/2010 50,000 - 6,240 15,993 -

35 Electric Power Generating Station in the Upper Atbara and Setit Dams Complex

566/2011 30,000 - - 4,870 -

36 East Sudan Roads 578/2012 54,000 - 11,174 11,174 -37 Water Harvesting in Border Provinces 582/2012 15,000 - 584 584 -

38 Loan Program for Industrial Development Projects

586/2012 10,000 - - - -

39 Upper Atbara and Setit Dams Complex (Supplementary Loan)

591/2013 30,000 - - - -

40 Nyala - El-Geneina Transmission Line to the Darfur States

599/2013 57,000 - - - -

Subtotal 724,778 12,978 29,162 426,443 125,836(5) Republic of Iraq1 Deep Freeze Store* 107/83 10,000 1,700 - 7,259 3,032

2 Fifth Pan-Arab Telecommunications (Earth Stations-Arabsat)

141/84 5,000 - - 4,373 -

3 Mitigation of Earthquake Risks 150/84 525 - - 503 634 Deep Freeze Store in Ninawa** 169/85 8,900 8,900 - - - 5 Agricultural Credit 200/87 8,000 - - 2,678 - 6 Industrial Credit 209/88 8,000 - - 3,726 - 7 Industrial Credit II 225/89 2,800 - - 283 -

8 Abattoir and Meat Processing Unit (Central Region)

226/89 3,800 - - 749 -

9 Abattoir and Meat Processing Unit-Basra 235/90 4,200 - - - - 10 Basra Power Grid 248/90 8,500 - - - -

Subtotal 59,725 10,600 - 19,571 3,095


(KD 000)


ANNEx 5PAGE 6 OF 19



Amountof Loan



Disbursements as at

31/12/2013

Repayments as at

31/12/2013

(6) Syrian Arab Republic1 Fuel Storage Tanks* 2/74 2,000 - - 2,000 2,0002 Cattle Breeding (Ghab)* 8/74 5,400 3,412 - 1,988 1,9883 Damascus Water Supply (First Loan)* 26/76 12,000 - - 12,000 12,0004 Banias Power Station* 45/77 6,000 - - 6,000 6,0005 Second Pan-Arab Telecommunications* 60/80 2,700 918 - 1,782 1,7826 Homs and Hama Sewerage* 61/81 5,000 4,354 - 646 6467 Damascus Garbage Composting* 70/81 2,200 2 - 2,198 2,1988 Tartous-Lattakia Motorway* 93/82 6,000 - - 6,000 6,000


95/82 1,000 - - 1,000 1,000

10 Damascus-Sanamein-Jordanian Border Road* 128/83 9,000 - - 9,000 9,00011 Mehardeh Power Station Extension (First Loan)* 146/84 6,500 239 - 6,261 6,26112 Mitigation of Earthquake Risks* 151/84 575 11 - 564 56413 Pesticides Arab Joint Venture (Syria-Jordan)** 154/84 1,900 1,900 - - -

14 Mehardeh Power Station Extension (Second Loan)*

156/85 4,500 143 - 4,357 4,357

15 Damascus Water Supply (Second Loan)* 164/85 3,000 361 - 2,639 2,639

16 Fifth Pan-Arab Telecommunications (Earth Stations) - (Supplementary Loan)*

172/86 1,000 - - 1,000 1,000

17 Tenf Pilot Scheme in Hammad Basin (Inter-Arab)*

185/86 1,700 - - 1,700 1,700

18 Ghab and Asharneh Plains Irrigation* 193/87 15,000 995 - 14,005 14,005

19 Mehardeh Power Station Extension (Supplementary Loan)*

194/87 2,500 - - 2,500 2,500

20 Hamah-Saraqeb Road and Ain Eissa-Qintari Road*

214/88 8,000 31 - 7,969 7,741

21 Homs and Hama Sewerage* 241/90 9,500 1,944 - 7,556 7,01622 Aleppo Sewerage* 245/90 12,500 5,434 - 7,066 6,881

23 Rehabilitation of Phosphate Fertilizer Plant in Homs*

246/90 10,000 1,082 - 8,918 8,195

24 Khaboor Irrigation (Phase I)* 250/90 15,000 1,281 - 13,719 12,54925 Jourine Joint Water Supply* 260/91 5,500 1,598 - 3,902 3,31426 Phosphate Fertilizers in Tadmur 265/92 30,000 - - - - 27 Medical Equipment in Hospitals* 271/92 13,000 23 - 12,977 9,477

28 Southern Region Agricultural Development Project (Phase II)*

274/92 3,500 909 - 2,591 1,909

29 Tishrin Hydroelectric Dam* 279/93 36,000 3,054 - 32,946 24,576

30 Rehabilitation of Sulphuric Acid Plant in Homs*

287/93 6,000 739 - 5,261 5,261

31 Zeizoun Power Generating Station* 291/93 30,000 689 - 29,311 21,71132 Agricultural Development in Jabal Al-Hoss* 307/95 2,500 832 - 1,668 744

33 Interconnection of Jordan and Syria Power Grids (Syria)*

312/95 30,000 - - 28,223 17,290


(KD 000)


ANNEx 5PAGE 7 OF 19



Amountof Loan



Disbursements as at

31/12/2013

Repayments as at

31/12/2013

(6) Syrian Arab Republic

34 Syria-Turkey Power Grid Interconnection and Reinforcing the Syrian Internal Network*

314/95 26,000 2,936 - 23,064 10,714

35 Construction of 66 kV Substations in Six Governorates*

319/95 15,500 - - 11,902 5,880

36 Agricultural Development in the Coastal and Central Areas*

327/96 17,500 6,559 - 10,941 3,741

37 Modernization of the Communications System in Syria (1.650 million new lines)*

351/97 26,000 - - 21,950 11,840

38 National Control Center for the Electric System* 366/98 10,000 - - 7,382 3,57539 Integrated Development in the Badia* 368/98 20,000 - - 14,659 5,97040 Lattakia - Ariha Motorway 379/98 30,000 - - 26,829 11,180

41 Modernization of the Communications System (Subscribers’ Networks)*

384/99 30,000 - - 30,000 10,260

42 The Expansion and Conversion to Combined Cycle of Nasrieh Power Plant *

409/2001 25,000 - - 9,293 2,860

43 Transformation Stations in the Industrial Cities of Rif Dimashq, Homs and Aleppo Provinces*

429/2002 9,000 - - 7,371 1,750

44 Rural Development in Idlib Governorate 433/2002 5,500 - - 606 -

45 Converting Zeizoun Power Station to Combined Cycle* 440/2003 22,000 - - 13,654 2,950

46 Power Generating Station in the South (Deir Aly)*

469/2004 30,000 - - 29,643 -

47 Arab Gas Pipeline Project - Third Stage (Aleppo - Kalas Section)

529/2008 10,000 - - 1,881 -

48 Expansion of Deir Ali Power Generating Station 536/2008 45,000 - - 20,169 - 49 Deir Al-Zor - Al-Boukamal Road 537/2008 16,000 - - 33 -

50 Power Generating Station in the Eastern Region (Deir Al-Zor)

493/2006 30,000 - - - -

51 Power Generating Station in the Eastern Region (Deir Al-Zor) - (Supplementary Loan)

565/2011 30,000 - - - -

Subtotal 696,975 39,447 - 467,123 273,023(7) State of Libya

1 Two Fish Packaging Plants in Sabrata and Zlaiten*

240/90 11,000 1,867 - 9,133 9,133

2 Libya-Tunisia Power Link * 244/90 2,200 784 - 1,416 787

3 Interconnection of the Libyan and Egyptian Power Grids (Libya)*

326/96 12,000 2,590 - 9,410 6,650

4 National Control Center for the Libyan Electrical System*

329/96 20,000 - - 20,000 5,139

5 Submarine Fiber Optic Cable* 369/98 12,500 2,932 - 9,568 9,5686 Development Credit** 385/99 25,000 25,000 - - -

7 Converting North Benghazi Electrical Power Plant to Combined Cycle*

398/2000 25,000 - - 25,000 7,600

8 Conversion of Al-Zawya Power Station to Combined Cycle*

437/2002 28,000 - - 22,012 7,500

9 Electrical Inter-Connection at 400 kV (Phase II) 458/2004 40,000 - - 36,336 8,050

Subtotal 175,700 33,173 - 132,875 54,427


(KD 000)


ANNEx 5PAGE 8 OF 19



Amountof Loan



Disbursements as at

31/12/2013

Repayments as at

31/12/2013

(8) Arab Republic of Egypt1 Talkha II Fertilizers (First Loan)* 4/74 6,500 - - 6,500 6,5002 Tourah Cement Expansion* 11/75 6,700 - - 6,700 6,7003 Cairo-Fustat Water Supply* 17/75 9,700 1,806 - 7,894 7,8944 Cairo-Helwan Sewerage* 18/75 8,300 7,603 - 697 6975 Talkha II Fertilizers (Supplementary Loan)* 24/76 2,700 6 - 2,694 2,6646 Abu-Qir Power Station Extension* 28/76 12,000 3,041 - 8,959 8,9597 Kafr El-Dawar Textiles* 30/76 10,000 - - 10,000 10,0008 Suez Canal Development* 40/77 12,000 - - 12,000 12,0009 Dumyat Power Station (Phase II)* 221/89 35,000 700 - 34,300 31,675

10 Idfu Wood Pulp Plant Extension* 229/89 7,500 632 - 6,868 5,83611 Egypt-Jordan Power Link* 234/89 34,100 3,339 - 30,761 27,93712 Soda Ash Plant (First Loan)* 238/90 7,000 - - 7,000 5,94013 Ammonium Nitrate Unit* 247/90 8,000 - - 8,000 6,97014 Kureimat Power Station* 254/91 36,250 3,585 - 32,665 27,205

15 Rubber Tires and Tubes Factory Extension*

255/91 10,500 - - 10,500 8,100

16 Social Development Fund (Phase I)* 256/91 14,400 11 - 14,389 11,05917 Sewerage Projects in 46 Towns* 270/92 36,000 14,732 - 21,268 16,82818 Sidi-Kreir Thermal Power Station* 272/92 44,000 6,363 - 37,637 24,01719 Mitigation of Earthquake Risks* 275/92 2,000 1 - 1,999 1,455

20 Reconstruction of Earthquake- damaged Schools*

276/93 15,000 - - 15,000 10,220

21 Suez Transformers Station* 278/93 16,000 733 - 15,267 11,010

22 Rehabilitation of Phosphatic Fertilizers Plant in Abu Zaabal*

284/93 4,000 242 - 3,758 3,377

23 Electric Insulations Plant* 286/93 4,500 484 - 4,016 4,01624 Float Glass Plant* 292/94 15,000 384 - 14,616 14,61625 Soda Ash Plant (Second Loan)* 295/94 4,000 82 - 3,918 3,91826 Oyun Moussa Power Station* 309/95 39,000 8,600 - 30,400 18,11227 Construction of a Special Steel Factory* 318/95 15,000 409 - 14,591 11,14128 Social Development Fund (Phase II)* 346/97 21,000 - - 21,000 7,93829 The Liver Diseases Center 362/98 3,000 - 39 39 - 30 Construction of a Flat Steel Plant* 372/98 17,000 79 - 16,921 16,921

31Upgrading the Egyptian National Railroads Authority’s Locomotives and Workshops*

399/2000 16,000 - 9 15,498 3,120

32 Cairo North Power Generation Station* 407/2001 27,000 1,707 - 25,293 5,143

33 Water Supply for 240 Villages Deprived of Potable Water - Phase I

420/2001 17,000 - - 13,110 4,150

34 Natural Gas Pipeline (Al-Arish - Aqaba)* 427/2002 17,000 4,224 - 12,776 12,77635 Nubaria Power Station - Phase I* 434/2002 30,000 681 - 29,319 6,81936 Nubaria Power Station - Phase II* 438/2003 30,000 104 - 29,896 5,25637 Educational Buildings** 442/2003 30,000 30,000 - - -


(KD 000)


ANNEx 5PAGE 9 OF 19



Amountof Loan



Disbursements as at

31/12/2013

Repayments as at

31/12/2013

(8) Arab Republic of Egypt

38 Water Supply for 240 Villages Deprived of Potable Water - Phase II

432/2002 30,000 - - 27,459 6,588

39 Talkha Combined Cycle (750 M.W.) Power Generation Station*

461/2004 30,000 - 44 29,486 4,620

40 Development of the Waterway Between Cairo and Alexandria

472/2005 10,000 - 214 3,051 -

41 Expansion of West Cairo Power Generation Station*

484/2005 30,000 - 207 30,000 770

42 Development of Hurghada International Airport

488/2006 35,000 - 14,096 31,087 -

43 Al-Atf Power Generating Station* 492/2006 30,000 - - 29,501 -

44 Expansion of Abu Qir Power Generating Station 1300 MW

513/2007 30,000 - 2,248 26,668 -

45 Expansion of Abu Qir Power Generating Station 1300 MW (Second Loan)

525/2007 30,000 - 2,248 26,668 -

46 El-Ain El-Sokhna Power Generating Station 539/2009 55,000 - 6,771 33,922 - 47 South Gas Pipeline 530/2008 25,000 - - 20,847 - 48 Banha Power Generating Station* 554/2010 50,000 - 9,764 22,403 -

49 Development of Hurghada International Airport (Supplementary Loan)

559/2010 15,000 - 2,261 2,261 -

50 South Helwan Power Generating Station 571/2011 55,000 - - - -

51Urgent Program to Support Small and Medium Private Sector Projects and Enterprises

572/2011 30,000 - 5,392 5,392 -

52Modernization of the Signaling System on the Benha - Zagazig - Ismailia - Port Said Corridor

583/2012 44,000 - - - -

Subtotal 1,122,150 89,547 43,292 814,993 372,948(9) Republic of Yemen1 Mukalla Multipurpose* 1/74 3,200 - - 3,200 3,2002 Electric Power I* 7/74 4,000 - - 4,000 4,0003 Aden Port Rehabilitation* 12/75 3,900 - - 3,900 3,9004 Hodeida Water Supply and Sewerage* 13/75 6,000 727 - 5,273 5,2735 Taiz-Aden Road* 22A/76 3,800 - - 3,800 3,8006 Aden-Taiz Road* 22B/76 6,500 - - 6,500 6,500

7 Mukalla Multipurpose (Supplementary Loan)*

27/76 2,600 1,904 - 696 696

8 Electric Power II* 32/77 9,000 - - 9,000 9,0009 Sana’a Water Supply* 37/77 5,000 91 - 4,909 4,909

10 Hadramaut Power* 48/79 4,000 - - 4,000 4,00011 Wadi Tuban Agricultural Scheme* 53/80 1,900 25 - 1,875 1,87512 Dhamar Water Supply and Sewerage* 56/80 3,000 7 - 2,993 2,993

13 Electric Power III (Dhamar-Taiz Transmission Network)*

62/81 4,700 - - 4,700 4,700

14 Aden Water Supply (First Loan)* 63/81 3,500 - - 3,500 3,50015 Third Pan-Arab Telecommunications* 68/81 1,400 - - 1,400 1,400


(KD 000)


ANNEx 5PAGE 10 OF 19



Amountof Loan



Disbursements as at

31/12/2013

Repayments as at

31/12/2013

(9) Republic of Yemen16 Third Pan-Arab Telecommunications* 69/81 1,300 - - 1,300 1,30017 Electric Power IV (Al-Mokha Power Station)* 79/82 4,000 42 - 3,958 3,95818 Potable Water to Rural Areas* 87/82 1,500 - - 1,500 1,50019 Potable Water to Rural Areas* 88/82 700 80 - 620 62020 Nashtoun Fisheries Port* 90/82 3,000 - - 3,000 3,000


97/82 1,200 - - 1,200 1,200

22 Reconstruction of Flood-damaged Roads and Bridges*

109/83 1,000 - - 1,000 1,000

23 Strengthening of Taiz-Al Mafraq Road* 114/83 2,100 388 - 1,712 1,712

24 Electric Power III Development (Electrification of Five Towns East of Mukalla)*

122/83 1,500 - - 1,500 1,500

25 Fisheries Manpower Centre (FMDC) and the Fisheries Co-operatives (FDC)*

124/83 1,000 - - 1,000 1,000

26 Dhamar Water Supply and Sewerage (Supplementary Loan)*

125/83 3,000 7 - 2,993 2,993

27 Rural Development in the Central Highlands*

126/83 3,000 236 - 2,764 2,764

28 Seiyoun Regional Water Supply* 127/83 2,000 - - 2,000 2,000

29 Seiyoun Regional Water Supply Development (Phase II)*

131/84 3,700 61 - 3,639 3,639

30 Geological and Water Mapping of Northern Yemen*

132/84 1,200 151 - 1,049 1,049

31 Geological and Water Mapping of Southern Yemen*

133/84 1,200 211 - 989 989

32 Development of Health Institute* 138/84 1,100 246 - 854 85433 Strengthening of Sana’a-Taiz Road* 147/84 5,600 247 - 5,353 5,35334 Mitigation of Earthquake Risks* 152/84 600 1 - 599 59935 Grain Silos** 157/85 8,000 8,000 - - - 36 Wadi Hajar Agriculture* 160/85 3,500 - - 3,500 3,50037 Aden-Abyan Electrification Scheme* 161/85 5,900 237 - 5,663 5,66338 Nisab-Beigan Road* 170/86 4,200 58 - 4,142 4,14239 Electricity Distribution Network (First Loan)* 173/86 4,200 - - 4,200 4,200

40 Greater Aden Second Water Supply (Second Loan)*

174/86 2,000 221 - 1,779 1,779

41 Wadi Jawf Agricultural Development* 177/86 3,100 151 - 2,949 2,94942 Aden Water Supply (Supplementary Loan)* 188/86 1,000 2 - 998 99843 Laboos Water Supply* 189/87 4,000 58 - 3,942 3,94244 Strengthening Sana’a-Hodeida Road* 199/87 6,800 - - 6,800 6,80045 Lawder-Mukairas Road and Road Maintenance* 204/87 5,500 113 - 5,387 5,387

46 The FMDC and the FDC (Supplementary Loan)*

205/87 1,500 37 - 1,463 1,463

47 Zabid-Al Hodeida Road Rehabilitation* 211/88 2,500 - - 2,500 2,304

48 Northern Region Agricultural Development*

215/88 3,500 38 - 3,462 2,616

49 Yemen Power Link Taiz-Aden* 217/88 8,600 24 - 8,576 6,72850 Yemen Power Link Aden-Taiz* 218/88 10,000 62 - 9,938 8,342


(KD 000)






Amountof Loan



Disbursements as at

31/12/2013

Repayments as at

31/12/2013

(9) Republic of Yemen51 Al-Mukalla Water Supply* 220/88 2,850 20 - 2,830 2,590

52 Integrated Rural Development in the Central Highlands*

222/89 3,500 254 - 3,246 2,016

53 Agricultural Credit* 230/89 5,500 8 - 5,492 4,393

54 Wadi Hadramaut Agricultural Development Project (Phase III)**

232/89 3,300 3,300 - - -

55 Hojja-Al Khashm Road* 236/90 3,000 570 - 2,430 2,04556 Electricity Distribution Network (Second Loan)* 251/90 4,500 146 - 4,354 2,911

57 SEA-ME-WE II Submarine Cable Project (Second Loan)*

268/92 5,000 1,905 - 3,095 2,375

58 Rehabilitation of Flood-damaged Electricity, Water and Sewerage Facilities in Aden*

288/93 2,500 23 - 2,477 1,697

59 Sana’a Sewerage Treatment Plant* 322/96 8,000 1 - 7,999 4,48960 Social Development Fund* 350/97 6,000 - - 6,000 2,430

61 Wadi Hadramaut Agricultural Development Project (Phase III)*

357/97 4,000 702 - 3,298 974

62 Sanitation Networks in Sana’a 383/99 18,000 - 872 14,182 7,96863 Sayhut - Nashtoun Road* 403/2000 26,000 - 1,133 18,674 7,11064 Sana’a International Airport Development 411/2001 28,000 - - 9,837 8,58065 Social Development Fund - Phase II* 425/2002 15,000 - - 15,000 3,64566 Grain Silos and Flour Mills at Saleef Port (P)* 2P/2002 3,000 - - 3,000 3,000

67 Ma’rib - Sana’a Transmission Lines at 400 k.V. and Upgrading the Electrical Grid*

435/2002 30,000 - 350 26,730 4,380

68 Dhamar - Al-Husseiniya Road 445/2003 15,000 - 2,682 14,565 2,920

69 Construction of Ma’rib Gas-Turbine Electrical Generating Station*

447/2003 25,000 - - 24,531 4,270

70 Major Intersections in Sana’a City 453/2003 15,000 - 23 14,271 3,285

71 Grain Silos and Flour Mills at Saleef Port (Supplementary Loan) (P)*

3P/2004 2,000 - - 2,000 2,000

72 Completion of Sanitation Networks in Sana’a 463/2004 12,000 - 466 10,030 2,23573 Five-Star Hotel in Sana’a (P)* 4P/2004 6,000 - - 6,000 3,36074 Rural Access Roads 467/2004 26,000 - 1,024 20,788 2,01075 Development of Local Communities (Phase III)* 477/2005 15,000 - - 15,000 81076 Aden Iron Factory in Lahaj Governorate (P)* 5P/2006 7,000 - - 7,000 3,45077 Social Development Fund - Phase III* 480/2005 15,000 - - 15,000 81078 Wastewater Facilities in Seiyoun and Tarim 482/2005 15,000 - 38 140 -

79Construction of a Second Ma’rib Gas-Turbine Power Generating Station and the Expansion of the Transmission Grid

502/2006 30,000 - 1,147 7,821 -

80 Agricultural and Fisheries Development in the Hadramout Coastal Area

508/2007 12,000 - 178 350 -

81 Aden Iron Factory in Lahaj Governorate (Supplementary Loan) (P)*

7P/2007 3,000 - - 3,000 1,155

82 Sana’a International Airport Development (Phase II)

516/2007 47,000 - - - -

83 Development of the Coastal Road in Aden Governorate

520/2007 10,000 - 1,291 1,335 -


(KD 000)



* Completed Project. (P): Private Sector Project.


Amountof Loan



Disbursements as at

31/12/2013

Repayments as at

31/12/2013

(9) Republic of Yemen

84 Development of Water and Wastewater Facilities in Aden Governorate

526/2008 10,000 - 62 156 -

85 Glass Factory in Sana’a Governorate (P) 9P/2008 3,000 - 140 2,939 - 86 Taez International Airport Development 533/2008 7,000 - - - - 87 Major Intersections in Sana’a City (Phase II) 541/2009 8,000 - 61 6,821 - 88 Sugar Refinery in Aden (P) 10P/2009 8,250 - - - - 89 Al Mukalla Iron and Steel Factory (P)* 11P/2009 4,800 256 - 4,544 - 90 Rural Roads Development (Phase III) 545/2009 15,000 - 280 636 - 91 Protection of Sana’a City from Floods 550/2010 7,000 - 2,218 2,621 - 92 Social Fund for Development (Phase IV) 560/2010 30,000 - 5,372 6,872 - 93 Major Intersections in Sana’a City (Phase III) 562/2011 10,000 - 464 464 -

94 Dhamar - Al-Husseiniya Road (Supplementary Loan)

563/2011 12,000 - 1,206 1,206 -

95Construction of a Second Ma’rib Gas-Turbine Power Generating Station and Expansion of the Transmission Grid (Supplementary Loan)

564/2011 43,000 - 1,343 1,343 -

96 Construction of a 60 MW Wind Farm in the Al-Mokha Area

581/2012 18,000 - - - -

97 Sanitary Networks in Sana’a (Phase IV) 589/2013 15,000 - - - - 98 Reconstruction of Abyan 594/2013 10,000 - - - - 99 Educational Hospital for Aden University 596/2013 18,000 - - - -

100 Rehabilitation and Expansion of Sana’a - Al Hudaydah Road

597/2013 30,000 - - - -

Subtotal 847,700 20,612 20,350 460,150 244,495(10) Republic of Lebanon

1 Electricity Network* 38/77 6,000 - - 6,000 6,0002 Beirut Port* 39/77 5,000 - - 5,000 5,0003 Rehabilitation of Electricity Installations* 263/91 22,000 3,157 - 18,843 16,7874 Reconstruction and Shelter Rehabilitation* 282/93 8,000 - - 8,000 6,000

5 Rehabilitation of Electricity Installations (Supplementary Loan)*

304/94 7,000 291 - 6,709 4,929

6 Zahrani Power Station* 305/94 30,500 - - 30,500 23,2407 Saida and Sour Water Supply* 317/95 10,000 6 - 9,994 5,1498 Technical and Vocational Schools 323/96 15,000 - 83 13,945 9,460

9 Administrative Rehabilitation of Public and Independent Agencies*

325/96 6,000 5 - 5,995 3,587

10Rehabilitation of the Infrastructure and Buildings Damaged by the Israeli Aggression*

331/96 13,500 - - 13,438 6,574

11 The Lebanese University Project (First Loan)* 355/97 23,000 - - 23,000 12,54012 Syr El-Dania Jbab El-Homr / El-Hermel Road 356/97 6,000 - - 5,827 1,903

13 Beirut Southern Entrances: Khaldeh-Cocodi and Awzaee Roads*

363/98 12,000 6,076 - 5,924 3,544

14 Interconnecting the Lebanese and Syrian Electric Grids at 400 kV*

400/2000 8,000 - - 4,072 2,940


(KD 000)





Amountof Loan



Disbursements as at

31/12/2013

Repayments as at

31/12/2013

(10) Republic of Lebanon15 Conveyance of Litani Water to Southern Lebanon 418/2001 31,000 - 2,065 8,684 1,96016 Control Center for the Lebanese Power Network 423/2002 7,000 - 119 6,402 95017 Infrastructure Upgrading in Beirut City 430/2002 17,000 - 542 9,313 5,39018 The Lebanese University Project (Second Loan)* 439/2003 6,000 1,583 - 4,417 1,517

19 Development of the Road Network and Main Intersections

449/2003 30,000 - 970 21,560 4,300

20 Administrative Rehabilitation 495/2006 9,000 - 354 1,672 -

21 Development of Water and Wastewater Facilities in some Areas in Lebanon

496/2006 25,000 - 2,530 3,949 -

22 Rehabilitation of Infrastructure Damaged by the Aggression

500/2006 30,000 - 4,006 12,852 -

23 Rehabilitation of the Private Sector Enterprises Damaged by the Israeli Aggression**

505/2006 25,000 25,000 - - -

24 Rehabilitation of Electric Power Installations Damaged by the Israeli Aggression

506/2006 35,000 - - - -

25 Syr El-Dania Jbab El-Homr/ El-Hermel Road (Second Loan)

527/2008 6,000 - 925 2,136 -

Subtotal 393,000 36,118 11,595 228,232 121,770(11) Kingdom of Morocco

1 Telecommunications* 10B/75 3,000 802 - 2,198 2,1982 Beni Amir Irrigation* 20/76 7,000 1,254 - 5,746 5,7463 Agricultural Credit (First Loan)* 33/77 9,000 - - 9,000 9,0004 Oujda Cement* 41/77 9,000 - - 9,000 9,0005 Gharb Irrigation* 54/80 5,000 - - 5,000 5,0006 Al-Houz Al-Awsat (First Loan)* 74/81 7,500 - - 7,500 7,5007 Al-Houz Al-Awsat (Second Loan)* 76/82 7,500 - - 7,500 7,5008 Potable Water to Rural Areas* 85/82 1,300 1,135 - 165 165


103/82 1,000 - - 1,000 1,000

10 Agricultural Development in Loukkos Valley (First Loan)*

121/83 7,500 - - 7,500 7,500

11 Agricultural Credit (Second Loan)* 134/84 8,000 - - 8,000 8,00012 Mitigation of Earthquake Risks* 153/84 600 6 - 594 59413 Ait Ayoub Dam for Irrigation and Electricity* 168/85 15,000 4,787 - 10,213 10,21314 Lower Tassaout Irrigation* 176/86 5,000 - - 5,000 5,000

15 Aoulouz Dam and Agricultural Development in Wadi Souss*

191/87 15,000 2,903 - 12,097 12,097

16 Al-Mana’ Barrage and Irrigation of Lands in Al-Gharb Plain*

212/88 17,000 2,863 - 14,137 14,137

17 Ismir Dam and Potable Water for Tatwan Area* 223/89 4,000 900 - 3,100 3,10018 Agricultural Credit (Third Loan)* 231/89 12,000 - - 12,000 12,00019 Maja’ra Dam* 237/90 50,000 542 - 49,458 41,968

20 Rehabilitation of Flood-damaged Infrastructure*

249/90 2,500 33 - 2,467 2,467

21 Upper Dokala Region Irrigation (Phase I)* 264/91 30,000 3,983 - 26,017 22,252


(KD 000)





Amountof Loan



Disbursements as at

31/12/2013

Repayments as at

31/12/2013

(11) Kingdom of Morocco22 Rabat-Larache Motorway* 267/92 18,000 - - 18,000 15,96523 Agricultural Credit (Fourth Loan)* 281/93 18,000 5,251 - 12,749 12,74924 Seedi Al-Shahid Dam* 290/93 18,500 2,697 - 15,803 12,709

25 Strengthening Internal Power Grid for the Morocco - Spain Interconnection*

299/94 18,500 4,628 - 13,872 11,422

26 Loukkos Basin Agricultural Development (Second Loan)* 300/94 3,000 22 - 2,978 2,318

27 Al-Gharb Plain Irrigation (Phase II)* 303/94 20,000 537 - 19,463 14,22528 Rabat-Fes Motorway* 306/95 23,000 3,123 - 19,877 14,84629 Maja’ra Dam (Second Loan)* 315/95 17,000 2,990 - 14,010 9,37930 Combatting the Effects of the Drought* 316/95 10,000 - - 10,000 8,23531 Potable Water for Meknes City** 330/96 7,000 7,000 - - - 32 Agadir and Tantan Fisheries Port* 335/96 13,000 1,095 - 11,905 8,242

33 Morocco-Spain Power Interconnection (Supplementary Loan)*

337/96 7,000 3,428 - 3,572 2,504

34Dchar El Oued and Ait Massoud Dams for Electricity, Irrigation and Drinking Water*

344/97 15,000 5,886 - 9,114 5,334

35Dchar El Oued and Ait Massoud Dams: Financing the Two Hydro-electric Stations*

345/97 15,000 8,796 - 6,204 3,722

36 Casablanca-Settat Motorway (Second Section)*

364/98 16,000 4,031 - 11,969 5,885

37 Development of Social Housing in Agadir City* 378/98 18,000 3,634 - 14,366 2,702

38 Ait Hamou Dam and Supplying Greater Agadir City with Water*

380/99 17,000 8,966 - 8,034 4,260

39 Mohammed V Airport Development* 389/99 10,000 - - 9,377 2,700

40 Afourer Pumped Storage Hydro-Power Plant*

397/2000 25,000 2,736 - 22,264 10,264

41 Casablanca - El-Jadida Motorway* 416/2001 15,000 3,099 - 11,901 4,861

42 Raising of Sidi Mohammed Bin Abdullah Dam and Construction of Boukhamis Dam*

421/2002 18,000 - - 8,149 5,150

43 Rural Electrification 446/2003 20,000 - 260 19,597 5,13044 Tetouan - Fenidiq Motorway* 451/2003 14,000 5,386 - 8,614 2,50445 Settat - Marrakech Motorway (Phase I)* 452/2003 30,000 15,167 - 14,833 3,763

46 Tangier Mediterranean Harbour - Northern Highway Motorway*

460/2004 35,000 5,378 - 29,622 5,962

47 Werkan Dam to Supply Marrakech with Potable Water*

470/2004 7,000 - - 5,956 1,200

48 Tangier Mediterranean Harbour - Northern Highway Motorway (Section Three)* 473/2005 20,000 2,921 - 17,079 3,415

49 Marrakech - Agadir Motorway* 485/2005 29,000 262 - 28,738 4,138


(KD 000)





Amountof Loan



Disbursements as at

31/12/2013

Repayments as at

31/12/2013

(11) Kingdom of Morocco

50 Wadi Al-Raml Dam to Supply Tangier Mediterranean Port with Water*

486/2005 9,000 - - 9,000 1,470

51 Marrakech - Agadir Motorway (Second Loan)* 491/2006 31,000 - - 31,000 3,560

52 Generalization and Integration of Information Technology in Public School Education*

498/2006 15,000 - - 4,772 1,640

53 Rural Roads 503/2006 15,000 - 668 14,309 86054 Fes - Oujda Motorway* 512/2007 30,000 59 - 29,941 2,581

55Water Supply for the Provinces of Taounate, Chefchaouen, Sidi Kacem and Tanger Med Port

514/2007 15,000 - 321 8,020 405

56 Wadi Martil Dam 517/2007 23,000 - 4,278 19,476 - 57 Fes - Oujda Motorway (Taza - Oujda Section)* 534/2008 27,000 5,248 - 21,752 - 58 Expansion of Casablanca - Rabat Motorway* 538/2008 20,000 - 1,653 20,000 - 59 Zerrar Dam 540/2009 15,000 - 1,965 12,265 - 60 Water Supply of Tangier & Tantan Regions 546/2009 20,000 - 3,220 5,408 - 61 Berrechid - Beni Mellal Motorway 549/2010 55,000 - 17,345 32,571 - 62 Dar Khrofa Dam 556/2010 12,000 - 3,636 6,391 - 63 Tangier Med II Port 558/2010 50,000 - 21,969 38,008 - 64 High-Speed Train Tangier - Casablanca 568/2011 30,000 - - - - 65 El Jadida - Safi Motorway 579/2012 30,000 - 2,993 2,993 - 66 Water Supply of Tetouan Area 584/2012 7,000 - - - - 67 Tangier Med II Port (Phase II) 602/2013 50,000 - - - - Subtotal 1,147,900 121,546 58,308 821,646 380,539

(12) Kingdom of Bahrain1 Bahrain Power* 44/77 5,000 - - 5,000 5,000

2 Sixth Pan-Arab Telecommunications, Submarine Gulf Cable (Bahrain-Qatar-UAE)*

113/83 3,000 - - 3,000 3,000

3 Seventh Pan-Arab Telecommunications, Submarine Gulf Cable (Bahrain-Kuwait)**

142/84 3,000 3,000 - - -

4 Roads Development* 201/87 5,500 5,425 - 75 75

5 Roads Development (Second Loan)* 258/91 11,000 894 - 10,106 9,275

6 Development of Suleimaniyah Medical Center (First Loan)*

259/91 21,000 1,002 - 19,998 18,910

7 Development of Suleimaniyah Medical Center (Second Loan)*

308/95 11,000 3,348 - 7,652 7,652

8 The Housing Project (First Loan)* 334/96 15,000 580 - 14,420 9,800

9 Transfer and Distribution of Water from Al-Hidd Desalination and Power Station*

349/97 21,000 1,450 - 19,550 11,906

10 Interconnection of Al-Hidd Production Facility to the Electric Grid*

360/97 10,000 1,112 - 8,888 5,626

11 Production and Utilization of Treated Sewerage Effluent*

367/98 15,000 3,842 - 11,158 7,740

12 Hidd Industrial Area * 370/98 25,000 - - 16,878 9,295


(KD 000)




(1) The amount of the loan was reduced from KD 6.40 million to KD 5.15 million due to the change in the description of the project.


Amountof Loan



Disbursements as at

31/12/2013

Repayments as at

31/12/2013

(12) Kingdom of Bahrain

13 The Housing Project (Second Loan)* 381/99 20,000 - - 20,000 10,800

14 Bahrain Specialized Hospital (P)* 1P/2001 3,000 - - 3,000 3,000

15 Expansion of the Electric Generation and Transmission Systems*

417/2001 25,000 - - 20,956 7,920

16 Khalifa Bin Salman Port * 465/2004 15,000 - - 9,384 2,430

17 Upgrading the Electrical Transmission Network*

478/2005 14,000 7,000 - 7,000 1,730

18 Replacement of Sitra Causeway Bridge 504/2006 19,000 - - - -

19 Upgrading 220 kV and 66 kV Electrical Transmission Network*

544/2009 30,000 - 3,686 16,740 -

20 Development of Water Supply Network 575/2011 30,000 - 2,472 2,472 -

Subtotal 301,500 27,652 6,158 196,278 114,160(13) Somali Democratic Republic

1 Inter-riverine Settlements*(1) 23/76 6,400 1,250 - 4,571 2642 Hargeisa-Borama Road* 35/77 2,500 - - 2,098 2353 Goluen-Gelib Road (First Loan)* 36/77 5,500 - - 5,500 3624 Trypanosomiasis and Tsetse Control (Phase I)* 52/79 1,600 - - 1,258 - 5 Third Pan-Arab Telecommunications 66/81 1,700 - - 1,434 - 6 Mogadishu Water Supply II* 73/81 5,000 - - 3,015 - 7 Goluen-Gelib Road (Supplementary Loan)* 77/82 3,500 1 - 3,499 - 8 Mogadishu Electricity 80/82 2,000 - - 1,763 -

9 Fifth Pan-Arab Telecommunications (Earth Stations)

99/82 1,200 - - - -

10 Afgoi-Baidoa Road* 112/83 5,000 - - 682 - 11 Expansion of Gezira Power Station 137/84 4,800 - - - - 12 Fisheries Development in the North** 143/84 1,500 1,500 - - - Subtotal 40,700 2,751 - 23,821 861

(14) Islamic Republic of Mauritania1 Nouadhibou Power Station* 21/76 5,200 - - 5,200 5,2002 Nouakchott-Kiffa Motorway (First Loan)* 25/76 7,000 - - 7,000 7,0003 Guelbs Iron Ore Production* 49/79 10,000 1 - 9,999 9,9994 Boghi-Kehidi Road Maintenance* 75/81 1,500 - - 1,500 1,500

5 Nouadhibou Power Station (Supplementary Loan)*

81/82 200 - - 200 200

6 Potable Water to the Rural Areas* 86/82 400 12 - 388 388


104/82 1,200 77 - 1,123 1,123

8 Nouakchott Power (First Loan)* 105/82 3,000 - - 3,000 3,0009 Nouakchott Power (Second Loan)* 106/83 2,300 - - 2,300 2,300

10 Telecommunications in Nouadhibou* 119/83 2,100 - - 2,100 2,10011 Development Credit (First Loan)* 135/84 2,000 - - 2,000 2,00012 Educational, Health and Veterinary Services* 139/84 4,500 2 - 4,498 2,875


(KD 000)




* Completed Project. (P): Private Sector Project.


Amountof Loan



Disbursements as at

31/12/2013

Repayments as at

31/12/2013

(14) Islamic Republic of Mauritania13 Oases Development (Phase I)* 163/85 3,400 - - 3,400 2,11214 Artisanal Fisheries Development in Nouadhibou* 178/86 3,200 425 - 2,775 1,31515 Nouakchott Telephone/Telex Exchanges* 186/86 2,800 - - 2,800 2,80016 Guelbs Iron Ore Production (Second Loan)* 202/87 1,300 - - 1,300 1,30017 Development Credit (Second Loan)* 203/87 1,000 723 - 277 27718 Wilayas Electricity Supply* 216/88 7,500 - - 7,500 1,21219 Boghi-Kehidi Road (Second Loan)* 219/88 3,100 12 - 3,088 76920 Domestic Satellite Network* 227/89 5,000 11 - 4,989 95521 Mhaoudat Iron Ore Production* 269/92 6,000 - - 6,000 6,00022 Nouakchott-Akjojot-Atar Road* 289/93 6,500 28 - 6,472 83223 Oases Development (Phase II)* 297/94 2,400 - - 2,400 2,05024 Nouadhibou Water Supply* 313/95 10,000 - 177 9,318 7,008

25 Expansion of the Nouakchott Power Generating Station*

336/96 4,600 63 - 4,537 3,837

26 Potable Water for the Interior Cities 343/97 3,500 - 44 3,349 2,07527 Alag-Maqtaa Lehjar Road * 347/97 3,500 1,460 - 2,040 2,040

28 Transmission of Electrical Energy from Manantali Dam to Mauritania*

352/97 8,000 - - 7,371 3,608

29 Rehabilitation and Construction of 33 Small Dams in the Area Adjacent to Achram*

375/98 3,500 - - 3,327 1,484

30 Connecting Boghe to the Manantali Electrical Grid* 408/2001 4,000 - - 3,863 1,13331 Debt Reduction* 414/2001 14,000 - - 14,000 1,07532 Nouakchott - Nouadhibou Road * 419/2001 16,000 - - 15,565 3,870

33 Nouakchott Water Supply from the Senegal River*

454/2003 30,000 - 12 29,876 3,850

34 Expansion of Nouadhibou Power Generation Station

468/2004 7,000 - - 6,885 1,197

35 Nouadhibou Water Distribution Network 475/2005 4,000 - 67 3,629 49036 Power Generation Stations for Interior Cities* 481/2005 2,000 1,911 - 89 8937 Atar - Tidjikja Road 509/2007 11,000 - 1,599 4,321 270

38 Developing Water and Road Services in Rural Areas

510/2007 13,000 - 1,364 12,600 -

39 Nouakchott Water Supply from the Senegal River (Supplementary Loan)*

511/2007 37,000 - 238 33,616 -

40 Lease Financing of Small and Medium-Size Projects and Enterprises (P)*

6P/2007 1,000 - - 1,000 1,000

41 Drinking Water and Electricity Emergency Program for the City of Nouakchott*

523/2007 15,000 - 12 13,340 -

42 Rehabilitation of Al-Amal Road (Sections II and IV)

531/2008 19,000 - 1,554 7,524 -

43Drinking Water and Electricity Emergency Program for the City of Nouakchott (Supplementary Loan)*

535/2008 10,000 - 208 8,800 -

44 Electricity Emergency Program for the City of Nouakchott (Supplementary Loan)*

547/2009 10,000 - 965 9,757 -

45 Water Distribution Network in Nouakchott 555/2010 10,000 - 677 3,740 -


(KD 000)





Amountof Loan



Disbursements as at

31/12/2013

Repayments as at

31/12/2013

(14) Islamic Republic of Mauritania

46 Upgrade of the Power Generation and Transmission Systems in Nouakchott

569/2011 30,000 - 2,185 4,462 -

47 Supply of Drinking Water to the Region of Aftout Elcharghi

570/2011 8,000 - 44 98 -

48 Water Supply of Eastern Cities and Villages from Dhar Basin

580/2012 20,000 - 84 84 -

49 Development of Power Generating Stations for Interior Cities

588/2012 3,000 - 1,229 1,229 -

50 Construction of a 30 MW Wind Farm in Nouakchott

590/2013 14,000 - 3,261 3,261 -

51 Néma - Mali Border Road (Section III) 593/2013 9,000 - - - - 52 New Nouakchott International Airport 595/2013 9,000 - - - -

53 Drinking Water and Development of Oases in Rural Areas

601/2013 20,000 - - - -

Subtotal 430,700 4,725 13,723 287,994 90,333(15) Sultanate of Oman

1 Gas Utilization* 29/76 6,000 1,517 - 4,483 4,4832 Murayrat-Sohar Gas* 59/80 3,000 - - 3,000 3,0003 Telecommunications* 120/83 3,000 - - 3,000 3,0004 Sohar-Buraimi Power Station* 129/84 3,000 27 - 2,973 2,9735 Fisheries Development* 162/85 3,000 1,706 - 1,294 1,2946 Natural Gas Utilization (Phase IV)* 187/86 3,000 1,231 - 1,769 1,769

7 Water Desalination and Power for the Capital Area*

196/87 6,000 1,377 - 4,623 4,623

8 Natural Gas Utilization (Stage 2 of Phase IV)* 257/91 7,000 203 - 6,797 6,7979 Mina Qaboos Port Development* 266/92 6,000 1,860 - 4,140 4,140

10 Ghubrah Power Generation and Water Desalination Station*

294/94 9,500 1,605 - 7,895 7,895

11 Industrial Estates in Rusayl and Nizwa* 302/94 6,000 1,249 - 4,751 4,751

12 Ghubrah Power Generation and Water Desalination Station (Phase V)*

310/95 9,000 821 - 8,179 8,179

13 Salalah Port Development* 354/97 15,000 - - 15,000 15,00014 Meserrat Water Conveyance System* 388/99 11,000 397 - 10,603 10,603

15 Rimal Ash-Sharqiyah Water Distribution System*

401/2000 9,500 2,479 - 7,021 7,021

16 Khassab Port Development Project* 431/2002 4,500 695 - 3,805 3,805

17 Nizwa-Thamrit Road Rehabilitation (Phase II)*

441/2003 6,000 778 - 5,222 5,222

18 Expansion of Salalah Port (Phase II)* 466/2004 22,000 8,667 - 13,333 13,333

19 Al-Ashkhara - Al-Khuwaymah - Shanna Road*

479/2005 10,000 4,105 - 5,895 5,895

20 Muscat Southern Expressway* 487/2005 40,000 30,921 - 9,079 9,07921 Dualization of Al-Amerat - Quriyat Road* 489/2006 20,000 17,175 - 2,825 2,82522 Al Duqm Port** 501/2006 35,000 35,000 - - -


(KD 000)





Amountof Loan



Disbursements as at

31/12/2013

Repayments as at

31/12/2013

(15) Sultanate of Oman

23 Reconstruction of Basic Infrastructure and Facilities Damaged by Cyclone Gonu*

519/2007 60,000 52,700 - 7,300 7,300

24 Dualization of Thumrait - Salalah Road* 507/2007 20,000 - - 20,000 - Subtotal 317,500 164,516 - 152,984 132,984

(16) Palestine1 Wadi Far’a Irrigation* 158/85 3,000 2,154 - 846 846

2 Widening and Strengthening of Salah Eldin Road*

340/97 5,000 - - 4,831 896

3 Development of Health Services* 341/97 3,000 1 - 2,999 3814 Rehabilitation of the Education Services* 342/97 3,000 - - 3,000 4575 The Rural Development Project* 376/98 3,000 300 - 2,700 - Subtotal 17,000 2,456 - 14,375 2,579

(17) Republic of Djibouti1 Third Pan-Arab Telecommunications* 67/81 1,000 - - 1,000 1,0002 Djibouti Port Development* 89/82 1,500 - - 1,500 1,500


98/82 1,100 251 - 849 849

4 Expansion of Boulaos Power Station - Phase I* 116/83 3,000 491 - 2,509 2,5095 Animal Wealth Development* 130/84 1,900 10 - 1,890 1,890

6 Southwest Asia-Middle East-Western Europe (SEA-ME-WE) Submarine Cable (First Loan)*

159/85 1,900 2 - 1,898 1,898

7 Development Credit** 171/86 700 700 - - - 8 Telecommunications Development* 197/87 400 113 - 287 2879 SEA-ME-WE II Submarine Cable* 262/91 1,500 - - 1,500 1,102

10 Modernization of Boulaos Power Station - Phase II* 373/98 3,000 1 - 2,999 1,331

11 Modernization of the Port of Djibouti (Phase IV)**

390/99 3,000 3,000 - - -

12 Social Housing* 395/2000 5,000 - - 4,842 1,95213 Development of the Education Sector 412/2001 4,000 - - 3,693 824

14 Modernization of Boulaos Power Station - Phase III*

436/2002 3,000 83 - 2,917 787

15 Social Housing (Phase II)* 456/2003 6,000 - 640 6,000 725

16 Boulaos Power Generation Station Project - (Fourth Phase)*

471/2004 4,000 - - 3,979 490

17 Construction of Djibouti University 497/2006 5,000 - 773 1,658 -

18 Rehabilitation of Drinking Water Facilities in Djibouti City

532/2008 7,000 - 4,145 5,597 -

19 Upgrade of the Power Generation and Transmission Systems in the City of Djibouti

551/2010 9,000 - - - -

20 Port of Tadjourah 577/2012 10,000 - 831 831 -

21 Rehabilitation of the Distribution Networks of Drinking Water in Djibouti City

598/2013 10,000 - - - -

Subtotal 82,000 4,652 6,389 43,948 17,143

Grand Total 7,986,053 772,376 251,463 5,356,546 2,698,268


(KD 000)


ANNEx 6PAGE 1 OF 3

Loans Extended to Finance Inter-Arab Projects 1974 - 2013

(KD 000)

No. Project / Country LoanNo.

Amountof Loan


Disbursements During2013

Disbursements as at

31/12/2013

Repayments as at

31/12/2013

1 First Pan-ArabTelecommunications:

Algeria* 10A/75 300 52 - 248 248

Morocco* 10B/75 3,000 802 - 2,198 2,198

2 Aden-Taiz Road:

Yemen* 22A/76 3,800 - - 3,800 3,800

Yemen* 22B/76 6,500 - - 6,500 6,500

3 Navigation Inspection Unit:Algeria* 55/80 2,000 70 - 1,930 1,930

4 Second Pan-Arab Telecommunications:Jordan* 58/80 5,000 4,433 - 567 567

Syria* 60/80 2,700 918 - 1,782 1,782

5 Third Pan-Arab Telecommunications:Somalia* 66/81 1,700 - - 1,434 -

Djibouti* 67/81 1,000 - - 1,000 1,000

Yemen* 68/81 1,400 - - 1,400 1,400

Yemen* 69/81 1,300 - - 1,300 1,300

6 Fourth Pan-Arab Telecommunications:

Algeria* 71/81 4,500 153 - 4,347 4,347

Tunisia* 72/81 3,700 - - 3,700 3,700

7 Inter-Arab White Cement Industry (Jordan-Syria):Jordan* 78/82 5,000 - - 5,000 5,000

8 Potable Water to Rural Areas:

Jordan* 82/82 700 - - 700 700

Tunisia* 83/82 600 88 - 512 512

Sudan* 84/82 1,800 73 - 1,727 1,727

Morocco* 85/82 1,300 1,135 - 165 165

Mauritania* 86/82 400 12 - 388 388

Yemen* 87/82 1,500 - - 1,500 1,500

Yemen* 88/82 700 80 - 620 620

9 Tartous-Latakia Motorway:Syria* 93/82 6,000 - - 6,000 6,000

10 Fifth Pan-Arab Telecommunications Earth Stations:

Syria* 95/82 1,000 - - 1,000 1,000

Jordan* 96/82 1,000 - - 1,000 1,000

Yemen* 97/82 1,200 - - 1,200 1,200



ANNEx 6PAGE 2 OF 3


(KD 000)


Amountof Loan



Disbursements as at

31/12/2013

Repayments as at

31/12/2013

Djibouti* 98/82 1,100 251 - 849 849

Somalia 99/82 1,200 - - - -

Sudan* 100/82 1,300 223 - 1,077 1,077

Tunisia* 101/82 1,000 3 - 997 997

Algeria* 102/82 1,000 - - 1,000 1,000

Morocco* 103/82 1,000 - - 1,000 1,000

Mauritania* 104/82 1,200 77 - 1,123 1,123

Syria* 172/86 1,000 - - 1,000 1,000

11 Sixth Pan-Arab Telecommunications, Submarine Gulf Cable (Bahrain-Qatar-UAE):

Bahrain* 113/83 3,000 - - 3,000 3,000

12 Zarqa-Almafraq - Syrian Border Road:

Jordan* 118/83 4,000 - - 4,000 4,000

13 Damascus-Sanamein-Jordan Border Road:

Syria* 128/83 9,000 - - 9,000 9,000

14 Geological and Water Mapping of Yemen:

Yemen* 132/84 1,200 151 - 1,049 1,049

Yemen* 133/84 1,200 211 - 989 989

15 Fifth Pan-Arab Telecommunications Arabsat Earth Station:

Iraq 141/84 5,000 - - 4,373 -

16 Seventh Pan-Arab Telecommunications Submarine Gulf Cable (Bahrain-Kuwait):

Bahrain** 142/84 3,000 3,000 - - -

17 Mitigation of Earthquake Risks:

Algeria* 117/83 4,700 3,704 - 996 996

Jordan* 148/84 450 182 - 268 268

Tunisia* 149/84 575 48 - 527 527

Iraq* 150/84 525 - - 503 63

Syria* 151/84 575 11 - 564 564

Yemen* 152/84 600 1 - 599 599

Morocco* 153/84 600 6 - 594 594

Algeria (Second Loan) 332/96 3,500 1,887 - 1,613 1,613




ANNEx 6PAGE 3 OF 3


(KD 000)


Amountof Loan



Disbursements as at

31/12/2013

Repayments as at

31/12/2013

18 Pesticides Arab Joint Venture (Syria-Jordan):

Syria** 154/84 1,900 1,900 - - -

19 Ruwaishid Pilot Scheme in Hammad Basin (Inter-Arab):

Jordan* 184/86 1,500 4 - 1,496 1,496

20 Tenf Pilot Scheme in Hammad Basin (Inter-Arab):

Syria* 185/86 1,700 - - 1,700 1,700

21 Hama-Saraqeb Road and Ain Eissa-Qintari Road:

Syria* 214/88 8,000 31 - 7,969 7,741

22 Yemen Power Link:

Yemen* 217/88 8,600 24 - 8,576 6,728

Yemen* 218/88 10,000 62 - 9,938 8,342

23 Jordan-Egypt Power Link:

Jordan* 233/89 10,500 - - 10,500 10,500

Egypt* 234/89 34,100 3,339 - 30,761 27,937

24 Tunisia-Libya Power Link:

Tunisia* 243/90 17,800 - - 17,800 9,720

Libya* 244/90 2,200 784 - 1,416 787

25 Strengthening Local Transmission Network within Morocco-Spain Electric Power Link:

Morocco* 299/94 18,500 4,628 - 13,872 11,422

Morocco (Supplementary Loan)*

337/96 7,000 3,428 - 3,572 2,504

26 Interconnection of Jordan-Syria Electric Power Grids:

Jordan* 311/95 19,500 - - 19,500 13,685

Syria 312/95 30,000 - - 28,223 17,290

27 Interconnection of Syria and Turkey Electric Power Grids:

Syria* 314/95 26,000 2,936 - 23,064 10,714

28 Interconnection of the Libyan and Egyptian Power Grids:

Libya* 326/96 12,000 2,590 - 9,410 6,650

29 Interconnection of the Lebanese and Syrian Electric Grids at 400 kV:

Lebanon 400/2000 8,000 - - 4,072 2,940

30 Natural Gas Pipeline (Al-Arish-Aqaba):

Egypt* 427/2002 17,000 4,224 - 12,776 12,776

31 Arab Gas Pipeline Project - Third stage (Alppo - Kalas Section)

Syria 529/2008 10,000 - - 1,881 -

Total 349,125 41,520 - 291,666 231,825


Grants Committed and Disbursed1974 - 2013

(KD 000)

ANNEx 7

Beneficiary No. of

GrantsAmount

Approved

Canc

elled

Gr

ants

and

Balan

ces Net

Amount Approved

Percent of Total

(%)

Total Disbursements Balance of

GrantsDuring 2013

Until 31/12/2013

A: National Grants

1 Hashemite Kingdom of Jordan 45 9,815 64 9,751 5.5 132 6,199 3,553

2 Republic of Tunisia 12 4,720 133 4,587 2.6 1,353 3,934 653

3 Algerian Democratic and People’s Republic 9 1,635 551 1,084 0.6 7 1,084 -

4 Republic of Sudan 24 13,452 690 12,763 7.2 358 8,445 4,318

5 Republic of Iraq 5 820 163 657 0.4 - 657 -

6 Kingdom of Saudi Arabia 9 1,520 58 1,462 0.8 - 852 610

7 Syrian Arab Republic 16 3,820 907 2,913 1.6 - 2,068 845

8 State of Libya 3 625 300 325 0.2 - 45 280

9 Arab Republic of Egypt 45 15,935 426 15,509 8.7 1,981 10,781 4,727

10 Republic of Yemen 45 11,206 537 10,669 6.0 1,978 7,689 2,980

11 State of Kuwait 23 3,216 - 3,216 1.8 325 3,114 102

12 Republic of Lebanon 35 17,147 1,165 15,982 9.0 664 9,431 6,551

13 Kingdom of Morocco 25 5,510 254 5,256 3.0 - 4,212 1,044

14 United Arab Emirates 7 194 9 185 0.1 - 185 -

15 Kingdom of Bahrain 11 1,710 115 1,595 0.9 - 1,295 300

16 State of Qatar 1 50 14 36 0.02 - 36 -

17 Somali Democratic Republic 3 320 86 234 0.1 - 234 -

18 Islamic Republic of Mauritania 29 6,235 770 5,465 3.1 188 5,118 346

19 Sultanate of Oman 14 4,725 19 4,706 2.6 136 4,605 100

20 Palestine 172 28,515 1,068 27,447 15.4 53 27,379 67

21 Republic of Djibouti 7 1,150 30 1,120 0.6 - 1,108 12

Subtotal 540 132,321 7,358 124,962 70.2 7,175 98,474 26,488

B: Inter-Arab Grants 491 58,505 5,522 52,983 29.8 2,875 48,569 4,414

Grand Total 1031 190,826 12,880 177,945 100.0 10,050 147,043 30,902

C: Urgent Program to Support Palestine* 123,926 - 123,926 13,400 92,718 31,208

* Support decided by the Arab Fund’s Board of Governors to the Palestinan people, over the period 2001 - 2013.


Co-financing Activities of the Arab Fund1974 - 2013

ANNEx 8

Contributors Total Amount(KD Million)

Percentage(%)

1 - (A) National and Regional Development Institutions

Arab Fund for Economic and Social Development 3,683.0 31.3

Kuwait Fund for Arab Economic Development 1,196.4 10.2

Abu Dhabi Fund for Development 295.5 2.5

Saudi Fund for Development 542.7 4.6

Islamic Development Bank 893.2 7.6

OPEC Fund for International Development 108.5 0.9

Iraqi Fund for External Development 5.0 *

Libyan Foreign Bank 3.0 *

Subtotal 6,727.3 57.1

(B) Other Arab Sources 742.5 6.3

2 - International Financial Institutions

World Bank 725.3 6.1

International Fund for Agricultural Development (IFAD) 54.3 0.5

African Development Bank 652.1 5.5

Subtotal 1,431.7 12.1

3 - Foreign Governments and their Development Institutions 2,883.8 24.5

Grand Total 11,785.3 100.0

* Less than 0.1%.


Contents

Page No.

Member States, Governors and Alternate Governors ....................................................................... 3

Board of Directors ........................................................................................................................... 5

Basic Financial Data on the Arab Fund as at 31/12/2013 ................................................................... 7

Overview of Arab Fund Activities ...................................................................................................... 9

l First: The Lending Program .......................................................................................................... 13

l Second: Grants ............................................................................................................................23

l Third: Other Activities ....................................................................................................................31

l Fourth:Financial Statements for the Financial Year Ended 31 December 2013 ............................ 36

ANNExES ....................................................................................................................................................45

l Annex 1

Project Sheets for Loans Extended During the Year 2013 ................................................................. 47

l Annex 2

Capital, Resources and Status of Loans and Grants, 1972 - 2013 .................................................... 76

l Annex 3

Summary of Loans Extended to Member States, 1974 - 2013 ......................................................... 80

l Annex 4

Sectoral Distribution of Loans Among Beneficiary Member States, 1974 - 2013 .............................. 81

l Annex 5

Loans Extended to Beneficiary Member States, 1974 - 2013 ............................................................ 83

l Annex 6

Loans Extended to Finance Inter-Arab Projects, 1974 - 2013 ........................................................... 102

l Annex 7

Grants Committed and Disbursed, 1974 - 2013 ................................................................................ 105

l Annex 8

Co-financing Activities of the Arab Fund, 1974 - 2013 ...................................................................... 106

annual report 2013 - arab fund for economic and social...

Documents