arab fund · annual report 2017 9 grants the arab fund provided 32 national and inter-arab grants...

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P.O. Box: 21923 Al-Safat 13080 Kuwait - Tel.: +965 24959000 - Facsimile: +965 24959390/91/92Email: [email protected] - Internet Web Site: www.arabfund.orgAddress: Arab Organizations Headquarters Building - Airport Road, Shuwaikh Kuwait - State of Kuwait

Arab Fund for Economic & Social Development

for Economic & Social DevelopmentArab Fundfor Economic & Social DevelopmentArab Fund

Arab Fund for Economic & Social Development

Annual Report 2017

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

Telephone: +965 24 95 90 00Facsimile: +965 24 95 93 90 / 91 / 92

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

Address: Arab Organizations Headquarters BuildingAirport Road, Shuwaikh

State of Kuwait

Annual Report 2017 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 31/12/2017.

* Membership suspended pursuant to the Board of Governors’ Resolution No. 3 of 1993, which has been extended annually by subsequent resolutions of the Board of Governors until 2017.

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

The Hashemite Kingdom of Jordan H.E. Mr. Imad Najib Fakhoury H.E. Dr. Saleh A. Al-Kharabsheh

The Republic of Tunisia H.E. Mr. Zied Laadhari -

The Algerian Democratic and People’s Republic H.E. Mr. Abderrahmane Raouya -

The Republic of Sudan H.E. Dr. Mohamed Osman Al Rikabi -

The Republic of Iraq - -

The Kingdom of Saudi Arabia H.E. Mr. Mohammed Bin Abdullah Al Jadaan -

The Syrian Arab Republic - -

State of Libya H.E. Mr. Osama Saad Hamad Saleh -

The Arab Republic of Egypt H.E. Dr. Hala Helmy El Said H.E. Dr. Sahar Nasr

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

The State of Kuwait H.E. Dr. Naif Falah Al Hajraf H.E. Mr. Abdulwahab Al-Bader

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. Zouhair Chorfi

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. Mr. El Moctar Ould Djay H.E. Mr. Abass Sylla

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

Palestine H.E. Dr. Mohammad Mustafa H.E. Mr. Nasser Qatami

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

The Union of the Comoros H.E. Mr. Said Ali Said Chayhane -


Director General/Chairman of the Board of Directors

Mr. Abdlatif Y. Al-Hamad

Members of the Board

Mr. Abdulwahab Al-Bader

Dr. Fahad Ibrahim Al Shathri

Mr. Djamel Kheznadji

Mr. Taher Sarkez

Dr. Shehab Eldin Marzban

Mr. Saeed Rashid Al Yateem

Mr. Ali Bin Mohammad Redha Bin Jaffar

Mr. Fouzi Lekjaa

Board of Directors


(KD Million)

Capital* 2820.7

Total Resources 3505.6

Loans

Number of Loan Agreements Signed During the Year 13

Total Amount of Loan Agreements Signed During the Year 458

Total Number of Loans 663

Cumulative Amount of Loan Agreements Signed 9727.7

Cumulative Disbursements on Effective Loans 6283.3

Cumulative Loan Repayments 3444.9

Outstanding Debt Owed to the Arab Fund 2838.4

Grants

Total Number of National and Inter-Arab Grants 1143

Cumulative National and Inter-Arab Grant Commitments 222.2

Cumulative National and Inter-Arab Grant Disbursements 178.1

Cumulative Contributions to the Urgent Program to Support the Palestinian People(1) 164.6

Cumulative Disbursements for the Urgent Program(1) 138.4

* 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. The amount mentioned above represents the paid-in capital.

(1) Includes contributions to the Program to Support the Resistance of Jerusalem (1st and 2nd).

Basic Financial Data on the Arab Fund

as at 31/12/2017

8 Annual Report 2017

Overview of Arab Fund Activities

IntroductionDuring 2017, the Arab Fund’s lending program focused on continued support to Arab countries’ efforts in implementing high-priority economic and social projects. Priority was given to infrastructure projects aimed at providing facilities and basic services, increasing production capacity, and improving 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, contributing to the financing of general studies and research, as well as organizing seminars and conferences, in addition to providing support to the Palestinian people through the Urgent Program.

Loans During the year, the Arab Fund extended 13 loans, in 7 Arab countries, for a total amount of KD 458.0 million. These loans contributed to the implementation of 13 projects, including 12 new and 1 previously financed project. The total cost of these projects was estimated at about KD 928.9 million, with the loans provided by the Arab Fund covering about 49.3% of that amount. The share of loans provided to the energy and electricity sector represented about 39.3% of the total loan commitments during the year, that of the transport and telecommunications sector about 33.0%, that of the water and sewerage sector about 20.7%, and that of the industry and mining sector about 7.0%, of the total amount of loans.

Cumulative LoansSince the commencement of its activities in 1974 and until the end of 2017, the cumulative number of loans provided by the Arab Fund to the public and private sectors has reached 663 for a total amount of about KD 9.7 billion. These loans contributed to the financing of 562 projects in 17 Arab countries, and covered about 26.2% of the total cost of these projects. The infrastructure sectors received the majority of loans extended during that period, with a share of about 70.9% of the total amount of loans, followed by the productive sectors with about 19.4%, then the social services sectors with about 6.8%, and the other sectors with about 2.9%. The cumulative number of loans extended to the private sector over that period has reached 14, for a total amount of about KD 56.0 million. Cumulative disbursements of loans extended to both the public and private sectors over the period 1974 - 2017 amounted to about KD 6.3 billion, representing about 75.3% of the net amount of effective loans. The Arab Fund also contributed to the capital of 7 private companies, for a total amount of about KD 31.7 million, in addition to its contribution to the capital of the MENA Fund established by the International Finance Corporation (IFC), in the amount of KD 10.0 million.


GrantsThe Arab Fund provided 32 national and inter-Arab grants in 2017, for a total amount of about KD 7.2 million. These grants included 16 national grants for a total amount of about KD 4.8 million, about 68.3% of which was allocated for emergency programs, about 27.6% for institutional support and training, and about 4.1% for feasibility studies and project preparation. The grants also included 16 inter-Arab grants for a total amount of about KD 2.4 million, about 85.7% of which was allocated for institutional support and training and about 14.3% for seminars and conferences. The Arab Fund also continued its annual contribution to support the resistance of the Palestinian people, allocating during 2017 about KD 5.9 million to the fifteenth phase of the Urgent Program.

Cumulative GrantsThe cumulative amount of grants extended by the Arab Fund, since the commencement of its operations and until the end of 2017, has reached about KD 386.9 million, of which about KD 154.1 million were provided for the implementation of 602 national grants, about KD 68.1 million for the implementation of 541 inter-Arab grants, about KD 135.0 million as contributions to the 15 phases of the Urgent Program to Support the Palestinian People, which began in 2001, and about KD 29.7 million as contributions to the Program to Support the Resistance of Jerusalem, during the years 2010 and 2016. Total disbursements of these grants amounted to about KD 316.5 million, or about 85.4% of their net amount.

Joint Arab Action The Arab Fund continued, in 2017, its activities in various areas in support of priority sectors and in response to decisions and directives of Arab summits, which accorded a special importance to projects and issues related to joint Arab action. In this context, these activities included coordination between the Arab national and regional development institutions, and cooperation with international institutions, enhancement of Arab food security, support to small and medium enterprises, financing of Arab trade, establishment of an Arab Development Portal, preparation of the Joint Arab Economic Report, cooperation with the World Bank in the Arab Spring Development initiative, and support to Arab and regional institutions’ activities.

Financial StatementsAccording to the Arab Fund’s financial statements for the year ending 31/12/2017, total income was about KD 126.66 million compared to about KD 82.11 million in 2016, while total administrative expenses were about KD 8.67 million compared to about KD 8.52 million in 2016. The Arab Fund’s net profit for the year 2017 was about KD 112.88 million, compared to about KD 59.18 million for the year 2016. The statements also show that total member countries’ equity was about KD 3505.59 million as at 31/12/2017, compared to about KD 3333.52 million at the end of 2016.


First: The Lending Program

PreambleDuring 2017, the Arab Fund continued to support projects that have high priority in the development plans of Arab countries and strengthen their economic and social development efforts. The lending program for the year focused mainly on projects in the energy and electricity sector, the transport and telecommunications sector, and the water and sewerage sector. The program also included projects in the industry and mining sector.

Appraisal of Projects and Loan Agreements SignedDuring the year, the Arab Fund studied several requests it received from member countries for financing projects. These projects were 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.

A total of 13 loan agreements were signed during the year, for a total amount of KD 458.0 million. These loans contributed to the financing of 13 projects in 7 Arab countries. The total cost of these projects was estimated at about KD 928.9 million, with the loans provided by the Arab Fund covering about 49.3 % of that amount.

Effective Loan Agreements A total of 10 loan agreements with 7 Arab countries, amounting to KD 397.0 million, became effective in 2017. These loans were provided for the implementation of projects in the sectors of transport and telecommunications, agriculture and rural development, water, energy and electricity, and housing. Public Sector ProjectsThe Arab Fund extended 13 public sector loans during the year, amounting to KD 458.0 million, for the implementation of 12 new projects and 1 previously financed project. Table 1 shows the loan commitments by the Arab Fund during 2017, and Annex 1 provides the project sheets for these loans.


Table 1Loan Commitments During 2017

No. Country ProjectAmount of Loan

(KD Million)

Date of Signature of Loan

Agreement

1 Republic of DjiboutiCompletion of the Rehabilitation and Reinforcement of the Drinking Water Distribution Network in Djibouti

20 18/04/2017

2 Arab Republic of EgyptConstruction of a 50 Megawatt Photovoltaic Power Station in the City of Kom Ombo

26 18/04/2017

3 Republic of Tunisia Construction of Bridges on Classified Roads 20 18/04/2017

4 Islamic Republic of Mauritania Rehabilitation of the Guelb (1) Plant 32 18/04/2017

5 Hashemite Kingdom of Jordan Irbid Ring Road (Phase I) 15 18/04/2017

6 Republic of Sudan Construction of El Bagair Power Generating Station 52 18/04/2017

7 Islamic Republic of Mauritania

Water Supply to the Cities of Laayoune and Djiguenni, and Neighboring Villages 15 10/07/2017

8 Islamic Republic of Mauritania

Electrical Interconnection Between Nouakchott and Zouerate on 225 kV 42 10/07/2017

9 Republic of Tunisia Tunis – Jelma Motorway 50 11/07/2017

10 Hashemite Kingdom of Jordan As Salt Ring Road 14 11/07/2017

11 Sultanate of Oman Development of Part of Road 32 in the Special Economic Zone of Duqm 52 12/07/2017

12 Sultanate of OmanReinforcement of Desalinated Water Transmission Lines in Ash Sharqiyah Governorates

60 23/11/2017

13 Arab Republic of Egypt Development of the Electric Transmission Grid 60 23/11/2017

Total 458


Infrastructure sectors accounted for about 93.0% of the total amount of loans provided during 2017, in light of priorities set in member countries’ plans and programs that focused on improving these sectors, and providing an environment conducive to investment and employment opportunities. In this context, four loans were extended to finance energy and electricity projects, and amounted to KD 180.0 million or about 39.3% of the total. These projects aim at meeting the increasing demand for electricity, through the construction of power generating stations in Egypt and Sudan, the development of the electric transmission grid in areas with high electric loads in Egypt, and through the electrical interconnection between Nouakchott and Zouerate in Mauritania. Five loans were extended to finance transport projects, amounting to KD 151.0 million or about 33.0% of the total amount of loans extended during the year. These projects aimed at constructing and developing roads in Jordan, Tunisia and Oman, as well as the construction of bridges in Tunisia. Three loans were also extended to finance water and sewerage projects, for a total amount of KD 95.0 million or about 20.7% of the total. The first loan was allocated for the completion of the rehabilitation and reinforcement of the drinking water distribution network in Djibouti, the second loan was allocated for the supply of water to the cities of Laayoune and Djiguenni and neighboring villages in Mauritania, and the third loan was allocated for the reinforcement of desalinated water transmission lines in Oman. The Arab Fund’s loans for the year also included a loan for an amount of KD 32.0 million or about 7.0% of the total amount of loans, for the rehabilitation of the Guelb (1) plant in Mauritania. Private Sector Projects The Arab Fund works to support the role of the private sector in the economic and social development of Arab countries. During the year, the Arab Fund approved a contribution to the financing of a project to build a campus for a private university in Bahrain, through a subscription to the capital of the company which owns the project, and approved, in principle, the provision of a loan to the company. The Arab Fund also approved a contribution to the capital of a real estate company which is constructing a commercial and residential center in Morocco. It also studied several requests to participate in the financing of private sector projects in 7 Arab countries; they included projects in the industry, agriculture, fisheries, cattle herding, energy, real estate, tourism, investment and health sectors. These requests are still under study.

Monitoring of Public and Private Projects The Arab Fund continued to monitor the progress of ongoing projects, follow up the fulfillment of the covenants set forth in their loan agreements, and take the necessary steps to ensure their proper implementation. During 2017, 14 projects, which were previously financed with loans for a total amount of about KD 240.5 million, were completed; their total cost amounted to about KD 432.8 million, with the Arab Fund covering about 55.6% of that cost.


Cumulative Lending ActivitiesSince the commencement of its operations in 1974 and until the end of 2017, the Arab Fund extended 663 loans, for a total amount of about KD 9.7 billion. These loans contributed to the financing of 562 projects in 17 Arab countries, and covered about 26.2% of the total cost of these projects. Annex 3 presents a summary of the loans extended to member countries over the period 1974 – 2017, while Annex 5 provides details on these loans.

The cumulative amount of loans extended by the Arab Fund for infrastructure projects has reached about KD 6.9 billion, or about 70.9% of the total amount of loans, of which about KD 3.2 billion was allocated for energy and electricity projects, about KD 2.6 billion for transport and telecommunications projects, and about KD 1.1 billion for water and sewerage projects.

Loans for the productive sectors’ projects amounted to about KD 1.9 billion, or about 19.4% of the total amount of loans, of which about KD 1.4 billion was allocated for projects in agriculture and rural development, and about KD 0.5 billion for projects in industry and mining. Loans for projects in the social services sectors amounted to about KD 0.7 billion, accounting for about 6.8% of the total, and were allocated to projects in education, health, housing and social development. The remaining 2.9% of the total amount of loans, about KD 0.3 billion, was provided to finance projects in other sectors, which include earthquake mitigation, financial leasing and administrative development.

In addition to financing the main components of projects, the Arab Fund’s loans also provided institutional support for the entities involved for the purpose of training their employees and increase their efficiency. Table 2 shows the sectoral distribution of the loans extended by the Arab Fund during 2017 and over the period 1974 – 2017, 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 14 loans for private sector projects, for a total amount of KD 56.0 million, which contributed to 12 projects in Bahrain, Yemen, Mauritania, Sudan, Jordan and Egypt. These projects covered various areas, as they included the development of many productive sectors, especially iron and steel, sugar, grain silos and flour mills, glass and cement, as well as the tourism, health and financial sectors. In addition to the loans extended to the private sector, the Arab Fund also contributed to the equity capital of 7 private companies in 4 Arab countries, namely Saudi Arabia, Egypt, Yemen and Sudan, in the areas of glass container manufacturing, iron and steel production, cement production, sugar production, power generation, healthcare services, and storage facilities. By the end of 2017, the Arab Fund’s total contributions to these companies had reached about KD 31.7 million, in addition to its contribution to the capital of the MENA Fund established by the International Finance Corporation (IFC) in an amount of KD 10.0 million.


Sector2017 1974 - 2017

Amount % Amount %

1. Infrastructure Sectors

Transport and Telecommunications 151.00 33.0 2601.90 26.8

Energy and Electricity 180.00 39.3 3164.75 32.5

Water and Sewerage 95.00 20.7 1132.25 11.6

Subtotal 426.00 93.0 6898.90 70.9

2. Productive Sectors

Industry and Mining 32.00 7.0 511.70 5.3

Agriculture and Rural Development - - 1368.80 14.1

Subtotal 32.00 7.0 1880.50 19.4

3. Social Services Sectors* - - 661.50 6.8

4. Other Sectors - - 286.83 2.9

Grand Total 458.00 100.0 9727.73 100.0

* Include mainly the Education, Health, Housing and Social Development Sectors.

Table 2 Loan Commitments by Sector

(KD Million)

During the Period 1974 - 2017

Sectoral Distribution of Loan Commitments (Percentage)

During 2017

Water and Sewerage

20.7%

Industryand Mining

7.0%

Energy andElectricity

39.3%

Transport andTelecommunications

33.0%

Industryand Mining

5.3%

Agriculture and Rural

Development14.1%

Social Services Sectors6.8%

Water and Sewerage

11.6% Energy and

Electricity32.5%

Other Sectors2.9%

Transport andTelecommunications

26.8%


Inter-Arab ProjectsThe 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 2017, the Arab Fund extended 68 loans for a total amount of about KD 394.1 million. These loans contributed to the implementation of 32 inter-Arab projects in the areas of telecommunications, electric power, natural gas lines and international roads. Total disbursements of these loans have reached about KD 291.7 million at the end of 2017, or about 82.7% of their net amount. Annex 6 provides details on the loans extended to finance inter-Arab projects over the period 1974 – 2017.

Co-Financing ActivitiesThe Arab Fund also continued its co-financing of projects in Arab countries with Arab national, regional and international development institutions. During 2017, 4 projects were co-financed with other institutions in Jordan, Mauritania, and Tunisia, in the sectors of transport and telecommunication, and energy and electricity. During the period 1974 – 2017, the total contribution of the Arab Fund to development projects co-financed with Arab national, regional and international development institutions has reached about KD 4.2 billion, representing about 30.7% of the total amount of co-financed projects, which amounted to about KD 13.5 billion. Annex 8 provides details on co-financing activities over that period.

Disbursements and Repayments Total disbursements during 2017 amounted to about KD 269.5 million. Cumulative disbursements of all loans over the period 1974 – 2017 have amounted to about KD 6283.3 million, including KD 43.1 million for private sector projects. Repayments of loans in 2017 amounted to about KD 242.9 million. Cumulative repayments over the period 1974 – 2017 have amounted to about KD 3444.9 million, which represented about 54.8% of cumulative disbursements.


IntroductionThe installed generating capacity in Mauritania, in 2007, was about 64 MW, distributed among two power generating stations: Arafat PGS, rated at 42 MW and Nouadhibou PGS, rated at 22 MW. Each station fed its local loads through a 15 kV distribution network. During the same year, the peak load in Nouakchott reached around 65 MW, and the energy demand reached 440 GWH, far exceeding the output from the Arafat PGS.

This led to widespread and frequent electric outages in the city, forcing the Mauritanian Government to rent small diesel engines, running on expensive light fuel oil, which constituted a high financial burden on the Government.

The Arab Fund’s ContributionsTo alleviate the above problem, the Arab Fund, during the period 2007-2017, provided eleven loans, totaling KD 230 Million, to the Mauritanian Government to support the electricity sector. These loans led to a significant improvement in the performance of the sector.

The Development of the Generating SystemAs a result of the loans provided by the Arab Fund, the Islamic Development Bank, OFID, and the Government of the U.A.E., the Mauritanian Electricity Company (SOMELEC), was able to increase the installed generating capacity from 64 MW to 265 MW, an annual percent increase of 15%. This was mainly accomplished through the construction of the 180 MW Nouakchott North PGS, the rehabilitation and expansion of the Nouadhibou PGS, and the construction of a 30 MW wind farm and 50 MW Solar PV PGS, both in Nouakchott.

All these projects entered into service and currently operate in a satisfactory manner. As a result of these projects, SOMELEC has been able to satisfy all the demand that occurred during the last four years, and has enough capacity to meet the expected demand for the next 5 years.

The Arab Fund and OFID are currently co-

financing the construction of a 100 MW wind farm in the Boulenoir area, close to Nouadhibou, which, when completed in 2020, will be one of the most efficient farms in the world, as its generating capacity will be around 60%, compared to an average generating capacity of around 35% for most wind farms.

Evolution of Installed Generating Capacities on the Mauritanian Network

(Exiting and Expected)

The generation projects financed by the Arab Fund significantly reduced Mauritania’s dependence on fossil fuel for power generation. Over the period 2007-2017, the share of energy delivered to the network from thermal power plants decreased from 80% to 62%, and when the Boulenoir wind farm enters operation and the 50 MW solar PV station is fully utilized, approximately 70% of the energy delivered to the Mauritanian grid will come from renewable resources. This will be a major achievement since such ratio currently ranges between 30% and 40% in the European countries, and is below 20% in most Arab countries.

Distribution of Energy Delivered to the Network

(According to Source of Generation)

Box 1Involvement of the Arab Fund

in the Electricity Sector in Mauritania

100%90%80%70%60%50%40%30%20%10%0%2007 2009 2011 2015 2017 2019 2021

Diesel Units

Wind Farms

Solar PV

Bought from ManataliNetwork2013

450

400

350

300

250

200

150

100

50

0

2007 2009 2011 2015 2017 2019 2021

Solar PV Generating

Stations

Wind Farms

Diesel Units

2013

MW


Adel Bagrou

Ne’ma

225 kv90 kv33 kv

Sangrava

MauritaniaZouerate

Nouakchott

IlaqBou Telimit

Shegar

NouadhibouBoulenoir

AkjoujtShami

Attar

To TobeinSubstation in Senegal

Maqtaa L’Ihjar

As a result of reduced dependence on fossil fuel, the average cost of electricity generation in the Mauritanian grid has decreased from 13.5 cents/kWH in 2007 to around 10.5 cents/kWH in 2017, and is expected to drop further to around 6.5 cents/kWH by 2021.

Evolution of Levelized Cost of Generationon the Mauritanian Network

The Development of the Transmission and Distribution Networks

One of the transmission projects, financed by the Arab Fund, was for the construction of a 33 kV ring around Nouakchott. The project aimed at evacuating the energy produced from the newly-constructed and future-planned power plants, and reducing the dependence on the existing 15 kV network.

The project included the construction of six new substations and around 200 km of underground cables, along with the construction of a national control center and a regional control center. The former will monitor and supervise the performance of the generation and transmission system, along with the interconnections with the neighboring countries, while the latter will monitor and control the distribution network in Nouakchott.

The transmission system expansion project was completed in 2016, and the two control centers should be fully operational in the beginning of 2018. This should lead to the reduction in the transmission losses in the network, the amount of fuel used for generation, and the time needed to locate faults.

Work is currently underway on the execution of distribution and transmission projects in the Southern and Eastern Regions. The first project involves feeding several cities located in the Southern Region with the electricity generated from the dams constructed along the Manantali river, while the second involves the construction of two hybrid power plants in the cities of Ne’ma and Adel Bagrou, and around 1100 km of overhead lines to electrify a number of cities and villages located in the Eastern region.

Additionally, three other interconnection projects, all on 225 kV, are under execution. The first is to connect the electrical networks of Nouakchott and Nouadhibou, the second to connect the electrical networks of Nouakchott and Zouerate, and the third to re-enforce the interconnection between the Mauritanian and the Senegalese grids to increase the transfer capacity between them from 80 MW to approximately 300 MW. All three projects should be operational by 2020.

50 MW PV Solar PGS

Aftout S/S30 MW Wind Farm

Arafat 53.5 MW PGS

North East S/S

East S/S

180 MW Northern PGS

Arafat S/S

Control Center

West S/S

Harbour 36 MW PGS

North S/S15 MW PV Solar PGS

Central S/S

16.0

14.0

12.0

10.0

8.0

6.0

4.0

2.0

0.0

(Cen

ts/K

WH

)

2007 2009 2011 2015 2017 2019 20212013


Second: Grants

Grants During 2017Many grant applications were reviewed during 2017, and priorities were determined in coordination with the concerned institutions in the member countries, subject to available financial resources. A total of 32 grants, amounting to about KD 7.2 million, were approved during the year. These grants included 16 national grants which amounted to about KD 4.8 million, and were provided to 8 Arab countries. The grants also included 16 inter-Arab grants which amounted to about KD 2.4 million, and were allocated to support activities of common interest to most Arab countries. In addition, support provided to the resistance of the Palestinian people within the framework of the Urgent Program amounted to about KD 5.9 million. Table 3 presents these grants.

The Arab Fund continued to give priority to activities that reinforce institutional support and training, with 21 grants allocated to these activities for a total amount of about KD 3.4 million, representing about 46.9% of total grants provided during the year. These grants included 13 national grants for a total amount of about KD 1.3 million, and 8 inter-Arab grants for a total amount of about KD 2.1 million. The grants aimed at enhancing the performance of specialized institutions by improving the quality of services they provide, and supporting the activities and programs of a number of research and education centers, in addition to contributing to some vital projects, as well as contributing to support the Construction Techniques Testing Center of the Ministry of Equipment, Housing and Territorial Development in Tunisia.

The grants provided during 2017 included 2 grants to Yemen for emergency programs, for a total amount of about KD 3.3 million, representing about 45.6% of the total amount of grants provided during the year. One of these grants contributed to the financing of the food security program in Yemen, and the other contributed to the financing of the urgent needs of the centers affiliated with the National Cancer Control Foundation. During the year a grant was also provided to contribute to a feasibility study and project preparation, for an amount of about KD 0.2 million, representing about 2.8% of the total amount of grants provided during the year, aimed at preparing a study for a project to cultivate 100 thousand feddan of desert areas using an agricultural greenhouse system. The grants provided during the year also contributed to the organization of a number of seminars and conferences, for a total amount of about KD 0.3 million representing about 4.7% of total grants, on topics of common interest to most Arab countries. Table 4 shows the grant commitments by activity.

Cumulative GrantsThe total amount of grants provided by the Arab Fund, since the beginning of its operations and until the end of 2017, amounted to about KD 386.9 million, of which about KD 222.2 million contributed to the financing of 1143 national and inter-Arab grants, and about KD 164.6 million to support the Palestinian people through the Urgent Program and the Program to Support the Resistance of Jerusalem.


The number of national grants provided reached 602 for a total amount of about KD 154.1 million, and were allocated as follows: about KD 76.5 million for institutional support and training, about KD 17.3 million for feasibility studies and project preparation, KD 5.9 million for general studies and research, and KD 183 thousand for seminars and conferences.These grants, provided to most Arab countries, aimed at improving the performance of specialized institutions, enhancing the quality of services they provide, training their employees and managers, developing their information systems and statistics, 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 54.2 million, which were allocated to support emergency programs to alleviate the effects of natural disasters, local disturbances, or damage caused by external aggression on some Arab countries.

The number of inter-Arab grants provided reached 541 for a total amount of about KD 68.1 million, and were allocated as follows: about KD 40.2 million to provide institutional support and training programs in several specialized scientific and research centers, about KD 13.2 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 5.5 million to organize seminars and conferences to discuss priority development issues for Arab countries, and about KD 2.9 million to implement emergency programs.

In addition, the cumulative contributions provided by the Arab Fund to support the Palestinian people include the grants allocated within the framework of the Urgent Program, since its beginning in 2001 and until the end of 2017, amounting to about KD 135.0 million. The contributions of the Arab Fund to support the Palestinian people also include the grants allocated within the framework of the Program to Support the Resistance of Jerusalem, in 2010 and 2016, which have amounted to about KD 29.7 million.

Grant Disbursements Cumulative disbursements of grants, approved over the period 1974 – 2017, amounted to about KD 316.5 million, including about KD 178.1 million for national and inter-Arab grants, and about KD 138.4 million for the Urgent Program to Support the Palestinian People and the Program to Support the Resistance of Jerusalem. Annex 7 provides a summary of these grants over that period. During 2017, a total of 30 grants, amounting to about KD 7.9 million, were completed. This brought the total number of national and inter-Arab grants completed during the period 1974 – 2017 to 979, with a cumulative amount of about KD 160.8 million, while a total of 118 grants, amounting to about KD 52.9 million, remain under execution. Moreover, the total number of reimbursed and fully cancelled grants reached 46, for a total amount of about KD 8.5 million.

20Annual Report 2017

Grants Approved During 2017Table 3

No. Beneficiary/GrantAmount

Allocated(KD 000)

No. of Grant Date of Board Approval

A: National Grants

1 Kuwait/ Completion of the Construction and Furnishing of the Building of Kuwait Economic Society (2) 5 DG/1-2017 18/01/2017

2 Jordan/ Contribution to the Construction of Warehouses and the Preparation of Additional Yards and Offices on the site of the Jordan Hashemite Charity Organization in Ghabawi (2) 200 5/2017 02/03/2017

3 Kuwait/ Contribution to the Coverage of the Cost of the Water Guidance Project to Raise the Efficiency of Water Usage, prepared by the Kuwait Water Association (2) 150 6/2017 02/03/2017

4 Egypt/ Contribution to the Preparation of a Study for a Project to Cultivate 100 Thousand Feddan of Desert Areas using an Agricultural Greenhouse System (1) 200 7/2017 02/03/2017

5 Kuwait/ Support to the Program Startup Kuwait – National Innovation and Entrepreneurship Challenge (2) 16 DG/8-2017 15/03/2017

6 Kuwait/ Contribution to the Arab Moot Court Competition 2017 as an Al Jawhara level sponsor (2) 15 DG/9-2017 23/03/2017

7 Mauritania/ Contribution to the Financing of the Institutional Support Project for the National Accounting System (2) 100 10/2017 17/04/2017

8 Kuwait/ Support to the Efforts of Bayt El Yasmeen Charity’s Team in the Area of Teaching Syrian Children in Refugee Camps in Lebanon (2) 9 DG/15-2017 25/04/2017

9 Oman/ Financing the Upgrade of the Loan System in the Ministry of Finance (2) 100 19/2017 20/06/2017

10 Yemen/ Contribution to the Financing of the Food Security Program in Yemen (5) 3000 21/2017 20/06/2017

11 Yemen/ Contribution to the Financing of the Urgent Needs of the Centers Affiliated with the National Cancer Control Foundation (5) 300 22/2017 20/06/2017

12 Mauritania/ Water Supply to the Cities of Laayoune and Djiguenni, and Neighboring Villages (2) 65 24/2017 20/06/2017

13 Mauritania/ Electrical Interconnection Between Nouakchott and Zouerate on 225 kV (2) 175 25/2017 20/06/2017

14 Kuwait/ Project to Build and Furnish the Kuwait Education Center for Special Needs Students – Socotra Island (2) 50 DG/26-2017 25/07/2017

15 Tunisia/ Contribution to Support the Construction Techniques Testing Center of the Ministry of Equipment, Housing and Territorial Development (2) 250 30/2017 23/11/2017

16 Bahrain/ Contribution to the Third Phase of the Project on the Development of Neighborhoods in Muharraq (2) 200 31/2017 23/11/2017

Total National Grants 4835

(1) Feasibility Studies and Project Preparation (2) Institutional Support and Training(3) General Studies and Research (4) Seminars and Conferences(5) Emergency Programs


Gra

nts

App

rove

d D

urin

g 20

17Ta

ble

3

No.

Ben

efic

iary

/Gra

ntA

mou

nt

Allo

cate

d(K

D 0

00)

No.

of

Gra

ntD

ate

of B

oard

A

ppro

val

A: N

atio

nal G

rant

s

1Ku

wai

t/ C

ompl

etio

n of

the

Con

stru

ctio

n an

d Fu

rnis

hing

of t

he B

uild

ing

of K

uwai

t Eco

nom

ic S

ocie

ty (2

)5

DG

/1-2

017

18/0

1/20

17

2Jo

rdan

/ Con

tribu

tion

to th

e C

onst

ruct

ion

of W

areh

ouse

s an

d th

e Pr

epar

atio

n of

Add

ition

al Y

ards

and

Offi

ces

on th

e si

te o

f th

e Jo

rdan

Has

hem

ite C

harit

y O

rgan

izat

ion

in G

haba

wi (2

) 20

05/

2017

02/0

3/20

17

3Ku

wai

t/ C

ontri

butio

n to

the

Cov

erag

e of

the

Cos

t of t

he W

ater

Gui

danc

e Pr

ojec

t to

Rai

se th

e Ef

ficie

ncy

of W

ater

Usa

ge,

prep

ared

by

the

Kuw

ait W

ater

Ass

ocia

tion

(2)

150

6/20

1702

/03/

2017

4Eg

ypt/

Con

tribu

tion

to th

e Pr

epar

atio

n of

a S

tudy

for a

Pro

ject

to C

ultiv

ate

100

Thou

sand

Fed

dan

of D

eser

t Are

as u

sing

an

Agr

icul

tura

l Gre

enho

use

Syst

em (1

)20

07/

2017

02/0

3/20

17

5Ku

wai

t/ Su

ppor

t to

the

Prog

ram

Sta

rtup

Kuw

ait –

Nat

iona

l Inn

ovat

ion

and

Entre

pren

eurs

hip

Cha

lleng

e (2

)16

DG

/8-2

017

15/0

3/20

17

6Ku

wai

t/ C

ontri

butio

n to

the

Arab

Moo

t Cou

rt C

ompe

titio

n 20

17 a

s an

Al J

awha

ra le

vel s

pons

or (2

)15

DG

/9-2

017

23/0

3/20

17

7M

aurit

ania

/ Con

tribu

tion

to th

e Fi

nanc

ing

of th

e In

stitu

tiona

l Sup

port

Proj

ect f

or th

e N

atio

nal A

ccou

ntin

g Sy

stem

(2)

100

10/2

017

17/0

4/20

17

8Ku

wai

t/ Su

ppor

t to

the

Effo

rts o

f Bay

t El Y

asm

een

Cha

rity’s

Tea

m in

the

Area

of T

each

ing

Syria

n C

hild

ren

in R

efug

ee

Cam

ps in

Leb

anon

(2)

9D

G/1

5-20

1725

/04/

2017

9O

man

/ Fin

anci

ng th

e U

pgra

de o

f the

Loa

n Sy

stem

in th

e M

inis

try o

f Fin

ance

(2)

100

19/2

017

20/0

6/20

17

10Ye

men

/ Con

tribu

tion

to th

e Fi

nanc

ing

of th

e Fo

od S

ecur

ity P

rogr

am in

Yem

en (5

)30

0021

/201

720

/06/

2017

11Ye

men

/ Con

tribu

tion

to th

e Fi

nanc

ing

of th

e U

rgen

t Nee

ds o

f the

Cen

ters

Affi

liate

d w

ith th

e N

atio

nal C

ance

r Con

trol

Foun

datio

n (5

)30

022

/201

720

/06/

2017

12M

aurit

ania

/ Wat

er S

uppl

y to

the

Citi

es o

f Laa

youn

e an

d D

jigue

nni,

and

Nei

ghbo

ring

Villa

ges

(2)

6524

/201

720

/06/

2017

13M

aurit

ania

/ Ele

ctric

al In

terc

onne

ctio

n Be

twee

n N

ouak

chot

t and

Zou

erat

e on

225

kV

(2)

175

25/2

017

20/0

6/20

17

14Ku

wai

t/ Pr

ojec

t to

Build

and

Fur

nish

the

Kuw

ait E

duca

tion

Cen

ter f

or S

peci

al N

eeds

Stu

dent

s –

Soco

tra Is

land

(2)

50D

G/2

6-20

1725

/07/

2017

15Tu

nisi

a/ C

ontri

butio

n to

Sup

port

the

Con

stru

ctio

n Te

chni

ques

Tes

ting

Cen

ter o

f the

Min

istry

of E

quip

men

t, H

ousi

ng a

nd

Terri

toria

l Dev

elop

men

t (2)

250

30/2

017

23/1

1/20

17

16Ba

hrai

n/ C

ontri

butio

n to

the

Third

Pha

se o

f the

Pro

ject

on

the

Dev

elop

men

t of N

eigh

borh

oods

in M

uhar

raq

(2)

200

31/2

017

23/1

1/20

17

Tota

l Nat

iona

l Gra

nts

4835

(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

) Sem

inar

s an

d C

onfe

renc

es(5

) Em

erge

ncy

Prog

ram

s

Annual Report 201721

Grants Approved During 2017Table 3 (Continued)

No. Beneficiary/GrantAmount

Allocated(KD 000)

No. of Grant Date of Board Approval

B: Inter-Arab Grants

1 Arab Center for Educational Research for the Gulf States/ Contribution to the Coverage of the Cost of the “Educational Conference on Educational Wastage and the Role of Teachers in Facing it” (4) 50 DG/2-2017 31/01/2017

2 Arab Thought Forum/ Contribution to the Coverage of the Cost of the Seventh Arab Youth Conference (4) 30 DG/3-2017 16/02/2017

3 ERF/ Support to ERF’s Twenty Third Annual Conference (4) 100 4/2017 02/03/2017

4 Arab Planning Institute/ Contribution to the Coverage of the Programs and Activities of the Institute for the Financial Year 2016/2017 (2) 100 11/2017 17/04/2017

5 ERF/ Contribution to the Coverage of Part of the Cost of the Activities of the Second Phase of the Arab Spring Development Initiative (2) 75 12/2017 17/04/2017

6 ICARDA/ Contribution to the Financing of the Project for the Sustainability and Operation of Regional Research Centers in Several Arab Countries (2) 1000 13/2017 17/04/2017

7 ICARDA/ Support to the Center’s Work Programs (2) 500 14/2017 17/04/2017

8 Inter-Arab/ Contribution to the Coverage of the Cost of Teaching Syrian Migrants Affected by the War (2) 31 DG/16-2017 01/05/2017

9 Inter-Arab/ Support to the Execution of the Higher Studies Program in Public Health (2) 30 DG/17-2017 22/05/2017

10 Middle East and North Africa Health Policy Forum/ Contribution to the Coverage of the Cost of the Forum’s Conference (4) 30 DG/18-2017 18/06/2017

11 World Trade Organization/ Contribution to the Coverage of Part of the Cost of the First Phase of the Project to Broaden the Use of the Arabic Language (2) 300 20/2017 20/06/2017

12 Inter-Arab (Arab Fund)/ Contribution to the Financing of the Joint Seminar on Economic Policies to Achieve Comprehensive Growth in Arab Countries (4) 100 23/2017 20/06/2017

13 Inter-Arab (Arab Electricity Regulators)/ Support to the Arab Electricity Regulators’ Activities (2) 18 DG/27-2017 22/08/2017

14 Inter-Arab (Delta Consulting)/ Support to the First Family Budget Forum (4) 20 DG/28-2017 05/11/2017

15 Arab Planning Institution/ Support to the Media Technology and Communication Forum (4) 10 DG/29-2017 19/11/2017

16 Arab League/ Contribution to the Annual Media Conference to Promote the Achievements and Activities of Joint Arab Action Institutions (4) 3 DG/32-2017 13/12/2017

Total Inter-Arab Grants 2397Total National and Inter-Arab Grants 7232Fifteenth Phase of the Urgent Program to Support The Palestinian People 5918Grand Total 13150

(1) Feasibility Studies and Project Preparation (2) Institutional Support and Training(3) General Studies and Research (4) Seminars and Conferences(5) Emergency Programs


Gra

nts

App

rove

d D

urin

g 20

17Ta

ble

3 (C

ontin

ued)

No.

Ben

efic

iary

/Gra

ntA

mou

nt

Allo

cate

d(K

D 0

00)

No.

of

Gra

ntD

ate

of B

oard

A

ppro

val

B: I

nter

-Ara

b G

rant

s

1Ar

ab C

ente

r for

Edu

catio

nal R

esea

rch

for t

he G

ulf S

tate

s/ C

ontri

butio

n to

the

Cov

erag

e of

the

Cos

t of t

he “E

duca

tiona

l C

onfe

renc

e on

Edu

catio

nal W

asta

ge a

nd th

e R

ole

of T

each

ers

in F

acin

g it”

(4)

50D

G/2

-201

731

/01/

2017

2Ar

ab T

houg

ht F

orum

/ Con

tribu

tion

to th

e C

over

age

of th

e C

ost o

f the

Sev

enth

Ara

b Yo

uth

Con

fere

nce

(4)

30D

G/3

-201

716

/02/

2017

3ER

F/ S

uppo

rt to

ER

F’s

Twen

ty T

hird

Ann

ual C

onfe

renc

e (4

)10

04/

2017

02/0

3/20

17

4Ar

ab P

lann

ing

Inst

itute

/ Con

tribu

tion

to th

e C

over

age

of th

e Pr

ogra

ms

and

Activ

ities

of t

he In

stitu

te fo

r the

Fin

anci

al Y

ear

2016

/201

7 (2

)10

011

/201

717

/04/

2017

5ER

F/ C

ontri

butio

n to

the

Cov

erag

e of

Par

t of t

he C

ost o

f the

Act

iviti

es o

f the

Sec

ond

Phas

e of

the

Arab

Spr

ing

Dev

elop

men

t Ini

tiativ

e (2

)75

12/2

017

17/0

4/20

17

6IC

ARD

A/ C

ontri

butio

n to

the

Fina

ncin

g of

the

Proj

ect f

or th

e Su

stai

nabi

lity

and

Ope

ratio

n of

Reg

iona

l Res

earc

h C

ente

rs

in S

ever

al A

rab

Cou

ntrie

s (2

)10

0013

/201

717

/04/

2017

7IC

ARD

A/ S

uppo

rt to

the

Cen

ter’s

Wor

k Pr

ogra

ms

(2)

500

14/2

017

17/0

4/20

17

8In

ter-A

rab/

Con

tribu

tion

to th

e C

over

age

of th

e C

ost o

f Tea

chin

g Sy

rian

Mig

rant

s Af

fect

ed b

y th

e W

ar (2

)31

DG

/16-

2017

01/0

5/20

17

9In

ter-A

rab/

Sup

port

to th

e Ex

ecut

ion

of th

e H

ighe

r Stu

dies

Pro

gram

in P

ublic

Hea

lth (2

)30

DG

/17-

2017

22/0

5/20

17

10M

iddl

e Ea

st a

nd N

orth

Afri

ca H

ealth

Pol

icy

Foru

m/ C

ontri

butio

n to

the

Cov

erag

e of

the

Cos

t of t

he F

orum

’s C

onfe

renc

e (4

)30

DG

/18-

2017

18/0

6/20

17

11W

orld

Tra

de O

rgan

izat

ion/

Con

tribu

tion

to th

e C

over

age

of P

art o

f the

Cos

t of t

he F

irst P

hase

of t

he P

roje

ct to

Bro

aden

th

e U

se o

f the

Ara

bic

Lang

uage

(2)

300

20/2

017

20/0

6/20

17

12In

ter-A

rab

(Ara

b Fu

nd)/

Con

tribu

tion

to th

e Fi

nanc

ing

of th

e Jo

int S

emin

ar o

n Ec

onom

ic P

olic

ies

to A

chie

ve

Com

preh

ensi

ve G

row

th in

Ara

b C

ount

ries

(4)

100

23/2

017

20/0

6/20

17

13In

ter-A

rab

(Ara

b El

ectri

city

Reg

ulat

ors)

/ Sup

port

to th

e Ar

ab E

lect

ricity

Reg

ulat

ors’

Activ

ities

(2)

18D

G/2

7-20

1722

/08/

2017

14In

ter-A

rab

(Del

ta C

onsu

lting

)/ Su

ppor

t to

the

Firs

t Fam

ily B

udge

t For

um (4

)20

DG

/28-

2017

05/1

1/20

17

15Ar

ab P

lann

ing

Inst

itutio

n/ S

uppo

rt to

the

Med

ia T

echn

olog

y an

d C

omm

unic

atio

n Fo

rum

(4)

10D

G/2

9-20

1719

/11/

2017

16Ar

ab L

eagu

e/ C

ontri

butio

n to

the

Annu

al M

edia

Con

fere

nce

to P

rom

ote

the

Achi

evem

ents

and

Act

iviti

es o

f Joi

nt A

rab

Actio

n In

stitu

tions

(4)

3D

G/3

2-20

1713

/12/

2017

Tota

l Int

er-A

rab

Gra

nts

2397

Tota

l Nat

iona

l and

Inte

r-A

rab

Gra

nts

7232

Fifte

enth

Pha

se o

f the

Urg

ent P

rogr

am to

Sup

port

The

Pal

estin

ian

Peop

le59

18G

rand

Tot

al13

150

(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

) Sem

inar

s an

d C

onfe

renc

es(5

) Em

erge

ncy

Prog

ram

s


Grant Commitments by Activity(KD 000)

Table 4

Activity

During 2017 During the Period 1974 - 2017

National Grants Inter-Arab Grants Total National Grants Inter-Arab Grants Total

Amount % Amount % Amount % Amount % Amount % Amount %

1 Feasibility Studies and Project Preparation 200 4.1 - - 200 2.8 17320 11.2 6380 9.4 23700 10.7

2 Institutional Support and Training 1335 27.6 2054 85.7 3389 46.9 76510 49.6 40191 59.0 116701 52.5

3 General Studies and Research - - - - - - 5940 3.9 13171 19.3 19111 8.6

4 Seminars and Conferences - - 343 14.3 343 4.7 183 0.1 5452 8.0 5635 2.5

5 Emergency Programs 3300 68.3 - - 3300 45.6 54170 35.2 2930 4.3 57100 25.7

Total National and Inter-Arab Grants 4835 100.0 2397 100.0 7232 100.0 154123 100.0 68124 100.0 222247 100.0

Urgent Program to Support the Palestinian People 5918 134989

Program to Support the Resistance of Jerusalem - 29651

Grand Total 13150 386887


Gra

nt C

omm

itm

ents

by

Act

ivit

y(K

D 0

00)

Tabl

e 4

Act

ivity

Dur

ing

2017

Dur

ing

the

Perio

d 19

74 -

2017

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%

1Fe

asib

ility

Stud

ies

and

Proj

ect P

repa

ratio

n20

04.

1 -

-20

02.

817

320

11.2

6380

9.4

2370

010

.7

2In

stitu

tiona

l Sup

port

and

Trai

ning

1335

27.6

2054

85.7

3389

46.9

7651

049

.640

191

59.0

1167

0152

.5

3G

ener

al S

tudi

es a

nd R

esea

rch

- -

- -

- -

5940

3.9

1317

119

.319

111

8.6

4Se

min

ars

and

Con

fere

nces

- -

343

14.3

343

4.7

183

0.1

5452

8.0

5635

2.5

5 Em

erge

ncy

Prog

ram

s33

0068

.3 -

-33

0045

.654

170

35.2

2930

4.3

5710

025

.7

Tota

l Nat

iona

l and

Inte

r-A

rab

Gra

nts

4835

100.

023

9710

0.0

7232

100.

015

4123

100.

068

124

100.

022

2247

100.

0

Urg

ent P

rogr

am to

Sup

port

the

Pale

stin

ian

Peop

le59

1813

4989

Prog

ram

to S

uppo

rt th

e R

esis

tanc

e of

Jer

usal

em -

2965

1

Gra

nd T

otal

1315

038

6887


Feasibility Studies and ProjectPreparation

4.1%

Institutional Support and

Training 27.6%

Seminars andConferences

14.3%

EmergencyPrograms

68.3%

Institutional Supportand Training

85.7%

Feasibility Studies and ProjectPreparation

9.4% Institutional Support and

Training 59.0%

General Studies and

Research 19.3%

EmergencyPrograms

4.3%

Seminars and

Conferences 8.0%

Institutional Supportand Training

49.6%

EmergencyPrograms

35.2%

Feasibility Studies and Project Preparation

11.2%

General Studiesand Research

3.9%

Seminars andConferences

0.1%

Grant Commitments by Activity(Percentage)

National Grants during 2017

National Grants during the Period 1974 - 2017

Inter-Arab Grants during 2017

Inter-Arab Grants during the Period 1974 - 2017


Support to the Palestinian PeopleThe total amount of contributions made by the Arab Fund to Palestine, since the beginning of its operations and up to the end of 2017, reached about KD 210.2 million, including about KD 193.2 million in the form of grants, representing about 91.9% of the total contributions, and the remaining as concessional loans provided to the Palestinian National Authority.

The Urgent Program to Support the Palestinian People: The Arab Fund continued its efforts to provide support to the Palestinian people to reinforce their resistance and presence on their land, as well as improve their economic and social conditions in light of the occupation’s policies, which aim at erasing the Palestinian identity and weakening its econmoy. During 2017, the Arab Fund allocated an amount of about KD 5.9 million, or about 10% of the Arab Fund’s net income for 2016, to contribute to the fifteenth phase of the program, which is renewed annually since 2001. Thus, the total contribution of the Arab Fund to this program over the period 2001 – 2017 reached about KD 164.6 million. This program provides support to non-government institutions and civil societies which provide education, health and social services to local communities. It contributes to the support of universities and educational institutions, and rehabilitation of school buildings, as well as raising the level of health services through the rehabilitation and development of health institutions, rural development and economic empowerment.

The Arab Fund worked to promote cooperation and coordination with Arab national and regional institutions, international institutions, as well as civil society institutions and government agencies, in order to rationalize the aid presented to Palestine and improve its effectiveness. The outcome of the Arab Fund’s support within this framework was the improvement of educational, health and social services provided by institutions and civil societies to the local community, qualifying and training graduates, providing school buildings, and supporting universities and educational institutions in order to ensure they remain and continue to perform their educational tasks. The Arab Fund’s interventions within the framework of the Urgent Program included the provision of small and medium loans to reactivate the industrial and agricultural sectors and encourage youth initiatives, as well as improve rural development through the improvement of infrastructure, water, electricity and road facilities in rural communities. The program also contributed to the establishment of health centers and hospitals, and facilities for social care, obstetrics care, child care and special needs care, including the provision of modern medical equipment and supplies to the hospitals and health centers.

The grants provided by the Arab Fund to Palestine contributed to supporting the role of the different institutions and civil societies and their ability to provide the best basic services which affect the well-being of the local community. It also provided opportunities for higher education to marginalized groups, improvements to living conditions for rural women, the development and rehabilitation of human resources, and the training of


teachers and doctors. The support also contributed to the preservation of cultural heritage and civilization through the renovation and rehabilitation of old towns in Jerusalem, Hebron and Nablus, and the development of the housing sector in the city of Jerusalem to support the resistance of its residents and preserve the Arab presence in the face of policies of deportation and Judaification of the city.

Cooperation with International and National Financial Institutions in Palestine: The Arab Fund maintained its cooperation with the Islamic Development Bank, which monitors the implementation of projects financed through Al-Aqsa Fund. This cooperation included support to the development of medical and educational services through the construction of health centres, schools and universities, the development of infrastructure, the rehabilitation of wells, reclamation of agricultural lands threatened with confiscation, and urgent construction to revive the cultural and architectural heritage of historical buildings. This cooperation also included support to civil society institutions which provide health, social and educational services. The total committed amount is estimated at about KD 31.6 million, including support to Jerusalem, and the disbursed amount reached about KD 27.9 million, or about 88.3% of the total amount committed. Coordination between the Arab Fund and the Islamic Development Bank also included the selection of projects to be financed under the fifteenth phase of the Urgent Program.


Third: Joint Arab Action

IntroductionThe Arab Fund continued, in 2017, its activities in various areas in support of priority sectors and in response to decisions and directives of the Arab summits, which accorded a special importance to projects and issues related to joint Arab action. The Arab Fund’s interventions in support of Arab cooperation were numerous; they included financing of projects, technical and economic studies for Arab interconnection projects, seminars, research, as well as participation in initiatives related to the support of specialized inter-Arab institutions. Thus, the Arab Fund provided support to any activity aimed at achieving Arab integration between member countries. The following provides a brief on the main activities:

Coordination between the Arab National and Regional Development Institutions and Cooperation with International InstitutionsThe Arab Fund continued to act as the Coordination Secretariat of the Coordination Group, which includes the Arab national and regional institutions, preparing and participating in their periodic meetings and the meetings of the technical committees, as well as preparing and participating in the Coordination Group’s meetings with regional and international financing institutions. During 2017, the seventy ninth Coordination Group meeting, which was held at the Directors of operations level, took place at the headquarters of the Saudi Fund for Development in Riyadh, Saudi Arabia during the period 4 – 6 April, 2017. During the meeting, many topics were studied and discussed, most notably the topic of the Deep Dive Initiative with the World Bank, where the Coordination Group discussed the steps which the Group could take in light of the memorandum of understanding, which specifies the areas of cooperation between the Coordination Group and the World Bank within that initiative. Also during the meeting, the implementation of the final stages of the Arab Development Portal was presented, and discussions were held regarding the publication and harmonization of data between the members of the Coordination Group. It was agreed that there was a necessity to create and approve a database which should be built on internationally harmonized terminologies such as those used by the Development Assistance Committee of the Organisation for Economic Co-operation and Development (OECD/DAC).

The eightieth Coordination Group meeting was also held during 2017, and took place at the headquarters of the Arab Fund for Economic and Social Development during the period 3 – 5 October, 2017. This meeting’s agenda contained many topics, which included the implementation of energy exchange in the Arab region, the Islamic Development Bank’s experience in managing operations performance and development results, the role of capital markets in financing infrastructure, financial inclusion and the Sustainable Development Goals, as well as the approval of the final draft of the memorandum of understanding for the Deep Dive Initative between the Coordination Group and the World


Bank, which was signed on 15/10/2017, in Washington DC, USA, on the sidelines of the World Bank meetings. Aside from these topics, the agenda also included a meeting with the United Nations Country Team for Palestine, who gave a presentation on the situation in Palestine, with emphasis on the health, education, housing and agriculture sectors. A meeting with the European Commission representatives was also held, in which they presented their action plans for the Arab and African regions, and proposed a restructuring of joint activities between the two groups, which will include routine discussions and joint operations.

Within the framework of continued cooperation with international organizations, the annual High Level meeting between the Heads of the Coordination Group Institutions and the Development Assistance Committee of the Organisation for Economic Co-operation and Development (OECD/DAC) was held, to discuss the achievement of the Sustainable Development Goals for 2030. During the meeting, which was held in Bern, Switzerland on 27 March, 2017, the outcomes of the joint activities between the two groups and the next steps which need to be taken, as well as the outcomes of the joint task force on energy were presented. In addition, other topics were discussed, including those related to promoting joint action in education in fragile areas.

The Coordination Group Secretariat, within the Arab Fund, continuously follows up the implementation of the decisions and directives emanating from these meetings through regular communications with the specialized departments within the Group’s institutions.

Support to Small and Medium EnterprisesThe Arab Fund supports the financing of small and medium enterprises in Arab countries through its contribution to the capital of the Special Account in the amount of US Dollars 100 million, as well as through its management of this account for which it provides an independent administration and separate accounts. The Special Account was established to support small and medium private sector enterprises in Arab countries, by providing loans to Arab governments and intermediary Arab financial institutions. To date, a total of 18 Arab countries subscribed to the capital of this Account, for a total amount of US Dollars 1310.0 million, of which about US Dollars 1267.0 million were paid. The total number of loans provided by the Special Account by the end of December 2017 reached 34, in 12 Arab countries, for a total amount of US Dollars 1201.0 million. The total disbursements of these loans reached about US Dollars 715.8 million.

Arab Trade FinanceTrade contributes to the economic and social development of Arab countries, through its support to Arab exports, by enhancing Arab productive capabilities, and through the provision of development requirements including equipment, machinery and devices. The Arab Trade Finance Program aims at achieving the goals of the agreement for the


facilitation and promotion of intra-Arab trade, and the agreement on the Arab Free Trade Area, and enhancing the competitiveness of Arab exports. The Arab Fund contributed to the establishment of this program, in cooperation with the Arab Monetary Fund, and contributed to its capital. The Arab Fund is the second largest contributor to the program, after the Arab Monetary Fund, with a share of about 22.5% of the program’s issued and paid-in capital of US Dollars 987.3 million. By the end of December 2017, the total amount of approved financing requests reached about US Dollars 14.5 billion. These requests were submitted through 215 national agencies in all Arab countries (mostly from national and central banks, in addition to some relevant ministries and institutions).

Arab Development PortalDuring the year 2017, work continued on the development of the Arab Development Portal (ADP). The main thrust of the development effort concentrated on two activities: the first was to replace the search engine used in the portal with a faster and more efficient one, while the second was directed at establishing mechanisms for exchanging information, in an automated manner, between the portal and the various databases maintained by the National Statistical Offices (NSOs), in the various Arab countries. This would allow for the simultaneous update of the ADP database once the NSOs update the information in their databases.

Additionally, on the sidelines of the 80th meeting of the Arab Coordination Group (ACG), which took place in Kuwait during the period 3 – 5 October, 2017, the Arab Fund hosted a workshop for the ADP Focal Team, whose members had been selected by the ACG to monitor the progress of the portal. During the workshop, the ADP development team, presented the latest features that were implemented, and the ones they plan to add in the future. Conversely, members of the Focal Team provided their comments on the portal and their suggestions on how to enrich its content and improve its performance.

Preparation of the Joint Arab Economic ReportThe Joint Arab Economic Report is considered an important source of economic and social information on Arab countries, for both researchers and decision makers. The Arab Fund continues its annual participation in the preparation of this 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 (OAPEC). The Arab Fund prepares the chapters of the report on economic and social development, the agriculture and water sector, the industrial sector and Arab developmental aid. In addition, the Arab Fund prepares, on a rotating basis with the participating institutions, the chapter that addresses the theme of the report. The theme of this year’s report, which was prepared by the Arab Monetary Fund, was “The Role of Economic Reforms in Support of Economic Growth in Arab Countries 2000 – 2016”.


Arab Spring Development Initiative The Arab Spring Development Initiative (ASDI) was launched, in 2014, as a partnership between the World Bank and the Arab Fund, in order to support the developmental efforts of the Arab countries going through a period of political and economic transitions. ASDI aims at generating new insights for researchers and decision makers, identifying policy options and informing the decision making process through enhanced access to data and knowledge pertaining to the pressing developmental issues in these countries. ASDI is being implemented by the Economic Research Forum (ERF) in close partnership with both the World Bank and the Arab Fund. ASDI focuses on three main areas of activity, which are: open access to data and survey-based research and their harmonization and wide dissemination, implementation and publication of policy-relevant research in relation to the political and economic transformation in Arab countries, and creation of a variety of platforms for policy discussions and dialogue on varying pressing topics for policy makers, researchers and other stakeholders such as the media and various segments of civil society, and making research outcomes available to them. After evaluation of the first phase of ASDI, the Arab Fund, in 2017, provided an additional grant as a contribution to the second phase of ASDI covering the period 2017/2018 – 2019/2020. The published studies and research within this initiative may be accessed through the following internet link: http://erf.org.eg/erf_programs_tax/asdi.

Support to Arab and Regional InstitutionsThe Arab Fund continues to support the activities of Arab and Regional institutions which promote Arab development directly or indirectly, especially in the areas of human resource development. The support aims at increasing their theoretical and applied capabilities, undertaking studies and research, holding seminars and conferences, as well as enhancing the ability of those institutions to carry out their missions. For example, the Arab Fund has provided 54 grants to support the activities and programs of the International Center for Agricultural Research in the Dry Areas (ICARDA), for a total amount of about KD 15.6 million. The Arab Fund has also provided 38 grants to the Economic Research Forum, for a total amount of about KD 6.6 million, in addition to supporting numerous other Arab institutions, such as the Arab Center for Educational Research for the Gulf States, and a number of scientific and research institutions.


The Arab Development Portal is an initiative that was launched by the Coordination Group (CG) of the Arab National and Regional Development Institutions, the Islamic Development Bank and the OPEC Fund. The members of the CG committed $5 Million for its development, distributed evenly among the various member institutions.

The Portal aims at establishing an information platform to encourage the exchange of high quality information, to create development opportunities and improve the living conditions in the Arab world, thus contributing to its economic development.

The Portal was developed in three stages. During the first stage, a prototype was created. It was limited to information on five economic sectors in two Arab countries, in order to gain insight about the operation of the Portal and get feedback from several institutions and individuals on how to improve its performance. In the second stage, similar data was added for all other countries, and information on four additional sectors was included. The development of Stage 3 is currently underway. The objective is to have information on twelve economic sectors in all Arab countries, covering the period 1980-2017.

The members of the CG partnered with the World Bank and UNDP to develop Stage 1. The development of Stage 2 was carried out by a specialized team, whose members were selected from UNDP staff. That same team continues with the development of Stage 3.

The Portal was launched to the public in the middle of 2016. The number of its users has been steadily increasing at an average monthly rate of 18%, and has reached 40 thousand users at the end of 2017. It is worth noting that around 70% of the users fall within the 20 – 35 years age bracket, and that around 20% of the users are located outside the Arab world.

The twelve topics currently included in the Portal are: education, gender, macro-economy, water and food security, demography, environment, labor and employment, trade, banking and finance, energy, health and poverty. It is expected that information on science and technology, infrastructure, gender equality, agriculture and irrigation, and financial market sectors will be added in the near future.

Development efforts are currently concentrated on implementing a faster and more efficient search engine, and on strengthening and streamlining the relationship with the various Arab National Statistical Offices (NSO’s) in order to ensure that the data in the Portal is automatically updated every time the NSO’s update their information.

In order to ensure the continuity of the Portal and maintain the high quality of its content, the members of the CG tasked several of their staff with reviewing all technical aspects. Additionally, efforts are currently underway to select the members of the Advisory Board, which will provide a clear vision for the future of the Portal. Its members are, accordingly, being selected from the leading experts in the field.

Box 2

The Arab Development Portal

Website of the Portal http://arabdevelopmentportal.com


Fourth: Financial Statements for the Financial Year Ended at 31 December 2017

I. Financial Position

Assets:The value of Arab Fund assets increased in 2017 by KD 166 million 5% compared to 2016 reaching KD 3,582 million, this increase was mainly in Investments and Loans as shown in the below schedule:

Variation20162017Assets KD

Million %KD Million %KD

Million

(39)2%661%27Cash & Cash Equivalents

18211%38916%571Investments

02%491%49 Share in the Capital of RelatedInstitutions

12%772%78Investment in an Associate

2182%2,80979%2,830Loans

11%261%27Others Assets

166100% 3,416 100% 3,582 Total

5%

Liabilities:The value of Liabilities decreased in 2017 by KD 6.7 million 8% compared to 2016 reaching KD 76.1 million, this decrease was mainly in Other Liabilities as shown in the below schedule:

Variation20162017Liabilities KD


Million

(0.2)34%28.036%27.8Grants

1.0 16%13.419%14.4Provision for Pension Fund

(7.5)50%41.445%33.9Other Liabilities

(6.7)100%82.8100%76.1 Total

(8)%


Members’ Equity:The value of members’ Equity increased in 2017 by KD 173 million 5% compared to 2016 reaching KD 3,506 million, this increase was mainly in Share Capital and Additional Reserve as shown in the below schedule:

Variation20162017Members’ Equity KD


Million

8082%2,74180%2,821Share Capital

128%2688%280General Reserve

8010%31612%396 Additional Reserve

10%80%9Other Reserves

173100% 3,333100% 3,506Total

5%II. Income & Expenditures

Income:The total Income for the year end amounted to KD 126.7 million compared to KD 82.1 million in 2016, with an increase of 54% equal to KD 44.6 million. This increase was mainly from Investment Gains and Interest Income from loans as shown in the below schedule:

Variation20162017Income KD


Million

11.978%64.560%76.4Interest Income from Loans

31.721%17.039%48.7Net Investment Gain

1.11%0.61%1.7 Income from Arab Trade FinanceProgram

(0.1)0%0.00%(0.1)Other Operating Expenses

44.6100%82.1100%126.7Total

54%

Expenditures:The total Administrative Expenses for the year end amounted to KD 8.7 million compared to KD 8.5 million in 2016, with an increase of 2% equal to KD 0.2 million. This increase was mainly from Salaries and Other Expenses as shown in the below schedule:

Variation20162017Expenditures KD


Million

0.180%6.880%6.9Salaries & Staff Provisions

0.120%1.720%1.8Other Expenses

0.2100%8.5100%8.7Total

2%


Net Profit:The net profit for the year end amounted to KD 112.9 million compared to KD 59.2 million in 2016, with an increase of KD 53.7 million 91% as shown in the below schedule:

Variation20162017Net Profit KD


Million

44.4124%73.6105%118.0Net Profit before Provisions

9.3(24)%(14.4)(5)%(5.1)Investments & Loans Provisions

53.7100%59.2100%112.9Net Profit of the Year

91%

III. Cash FlowsShown below is a schedule summarized for the main cash flows:

KD MillionCash Flows

20162017

(54.6)(128.3) Net change in investments at fair value

(203.9)(269.5)Disbursements of Loans

163.6235.7Repayments of Loans

(8.9)(6.6)Disbursements of Grants

69.375.7Interest received

80.579.9Capital paid

IV. Financial Indicators of Arab Fund Performance

20162017Financial Ratios

% %

1.7%3.2%Net Income/ Assets - ROA

1.8%3.2%Net Income/ Members’ Equity - ROE

10.4%6.9%Expenditures/ Revenues

82.2%79.0% Loans/ Assets

84.3%80.7% Loans/ Members’ Equity


Arab Fund for Economic and Social DevelopmentStatement of Financial Position

As at 31 December 2017 (KD 000)

2017 2016

Assets

Cash and cash equivalents 27,285 66,444

Investments 570,649 389,254

Share in the capital of related institutions 49,174 48,789

Investment in an associate 77,443 77,253

Loans 2,830,224 2,808,658

Receivables from participants in the building 5,640 5,985

Other assets 21,305 19,948

Total assets 3,581,720 3,416,331

Liabilities and members’ equity Liabilities

Grants 27,771 28,046

Provision for pension fund 14,435 13,379

Other liabilities 33,920 41,391

Total liabilities 76,126 82,816

Members’ equity

Share capital 2,820,741 2,740,819

General reserve 279,607 268,319

Additional reserve 395,631 315,908

Grants reserve 5,775 3,424

Change in the fair value reserve 3,840 5,045

Total members’ equity 3,505,594 3,333,515

Total liabilities and members’ equity 3,581,720 3,416,331


Arab Fund for Economic and Social DevelopmentStatement of Comprehensive IncomeFor the year ended 31 December 2017

(KD 000)

2017 2016

Income

Interest income from loans 76,350 64,472

Net investments gain 48,141 16,457

Interest income from time deposits and call accounts 599 564

Gain from an associate 1,675 656

Net operating expenses (104) (36)

Net income 126,661 82,113

Administrative expenses

Salaries and staff provisions 6,892 6,797

Other expenses 1,773 1,722

Total Administrative Expenses 8,665 8,519

Net Income before provisions 117,996 73,594

Provision for impairment of investment contribution – Private sector - (14,156)

Provision for loans – Private sector (5,116) (259)

Net profit for the year 112,880 59,179

Other comprehensive loss

Net change in fair value of investments available for sale (1,205) (3,328)

Other comprehensive loss for the year (1,205) (3,328)

Total comprehensive income for the year 111,675 55,851


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

For the year ended 31 December 2017(KD 000)

Share capital

General Reserve

Additional Reserve

Grants Reserve

Change in fair value Reserve

Retained Earnings Total

Balance as at 1 January 2017 2,740,819 268,319 315,908 3,424 5,045 - 3,333,515

Profit for the year - - - - - 112,880 112,880

Other comprehensive loss for the year - - - - (1,205) - (1,205)

Total comprehensive income for the year - - - - (1,205) 112,880 111,675

Payment of capital 79,922 - - - - - 79,922

Transfer to amortized loans installments - - (7,122) - - - (7,122)

Transfer to support people of Palestine - - (5,918) - - - (5,918)

Transfer to Arab Academic Fellowship - - - - - (185) (185)

Transfer to grants reserve - - - 5,644 - (5,644) -

Transfer to general reserve - 11,288 - - - (11,288) -

Transfer to additional reserve - - 95,763 - - (95,763) -

Grants approved - - (3,000) (4,232) - - (7,232)

Grants cancelled and transferred - - - 939 - - 939

As at 31 December 2017 2,820,741 279,607 395,631 5,775 3,840 - 3,505,594

Balance as at 1 January 2016 2,660,326 262,401 288,689 3,898 8,373 - 3,223,687

Profit for the year - - - - - 59,179 59,179

Other comprehensive loss for the year - - - - (3,328) - (3,328)

Total comprehensive income for the year - - - - (3,328) 59,179 55,851

Payment of capital 80,493 - - - - - 80,493

Transfer to support people of Palestine - - (23,001) - - - (23,001)

Transfer to Arab Academic Fellowship - - - - - (82) (82)

Transfer to grants reserve - - - 2,959 - (2,959) -

Transfer to general reserve - 5,918 - - - (5,918) -

Transfer to additional reserve - - 50,220 - - (50,220) -

Grants approved - - - (3,900) - - (3,900)

Grants cancelled and transferred - - - 467 - - 467

As at 31 December 2016 2,740,819 268,319 315,908 3,424 5,045 - 3,333,515


Arab Fund for Economic and Social DevelopmentStatement of Cash Flows

For the year ended 31 December 2017 (KD 000)

2017 2016

Operating activities

Net Profit for the year 112,880 59,179

Adjustments:

Interest income from loans (76,350) (64,472)

Gains on investments at fair value through statement of income (55,770) (19,874)

Interest income from time deposits and call accounts (599) (564)

Share in results from an associate (1,675) (656)

Provision for Impairment of investment contribution – Private sector - 14,156

Provision for Loans – Private sector 5,116 259

Provision for pension fund 1,850 1,786

(14,548) (10,186)

Changes in operating assets and liabilities

Net change in investments at fair value through statement of income (128,306) (54,613)

Disbursements of loans (269,537) (203,938)

Repayment of loans 235,732 163,558

Disbursements of grants (6,605) (8,877)

Receivables from participants in the building 346 346

Other assets (84) (110)

Other liabilities (13,537) (11,700)

Cash flows used in operations (196,539) (125,520)

Interests received 75,676 69,349

Provision for employees’ pension paid (795) (1,210)

Net cash flows used in operating activities (121,658) (57,381)

Investing activities

Net changes in other investments 2,038 (3,350)

Dividends received from an associate 539 369

Net cash flows from / (used) in investing activities 2,577 (2,981)

Financing activities

Capital paid 79,922 80,493

Net cash flows from financing activities 79,922 80,493

Net (decrease) / increase in cash and cash equivalents (39,159) 20,131

Cash and cash equivalents at beginning of the year 66,444 46,313

Cash and cash equivalents at end of the year 27,285 66,444


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

Significant Accounting Policies

a) Statement of complianceThe financial statements of the Fund are prepared in compliance with accounting policies set out below and the convention on the establishment of the Fund.

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 with no available and reliable measure of fair value. Other financial assets and liabilities and non-financial assets and liabilities are carried at amortized cost or historical cost. The accounting policies followed by the Fund are agreeing accordingly with the same policies followed in the previous year.

c) Investments Financial assets are classified as financial investments at fair value through statement of income, loans and receivables, or investments available for sale or as share in the capital of related institutions as deemed appropriate. The Fund determines the classification of its financial assets in principle upon initial recognition.

Investments are designated at fair value through statement of income if they are managed, and their performance is evaluated on reliable fair value basis. Investment assets at fair value through statement of income are carried in the statement of financial position at fair value with changes in fair value recognized in the statement of comprehensive income.

Equity investments designated as available for sale are those, which are neither classified as held for trading nor designated at fair value through statement of income. Investments available for sale are subsequently measured at fair value with unrealized gains or losses recognised in other comprehensive income. Until the investment is derecognized, at which time the cumulative gains or losses are recognised in the statement of comprehensive income.

d) LoansLoans are stated at the amortized cost less provision for impairment. No impairment provisions are accounted for loans granted to the public sector as these are considered sovereign loans guaranteed for payment by consecutive governments of the member states. The impairment provision for loans granted to the private sector are estimated if their collection is no longer probable; and recorded at the statement of comprehensive income.

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


f) Investment in an associateThe investment in the associated entity is equity accounted. The fund’s share of the profit or loss shall be recognized on the basis of the equity percentage of the Fund of the total equity.

g) Fixed assetsFixed assets are not capitalized but rather are directly recorded in statement of comprehensive income in the year of purchase.

h) Provision for pension fundProvision for the Fund’s obligation towards employees’ pension is determined based on contributions paid by the employees’ and the Fund, in addition to a return of 10% p.a. guaranteed by the Fund.

i) Foreign CurrenciesForeign currency transactions are translated to the Fund’s functional currency according to the exchange rates at the date of these transactions. Monetary assets and liabilities in foreign currencies are re-translated to the Fund’s functional currency at the reporting date of the financial statements according to the exchange rates at that date. Non-monetary items measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value is determined. Gains or losses arising from re-translation of non-monetary items measured at fair value are treated in line with the recognition of gains or losses on change in fair value of the item, except for Gains or losses arising from re-translation of available for sale equities and investment in an associate which are recognized within other comprehensive income.

j) Cash and cash equivalentsCash comprises of current accounts with banks, Cash equivalents comprises of bank balances and short term deposits with maturity of three months or less.

k) Revenue recognition• Interest income is recorded using the on a straight-line basis method that

represent the price that fully discounts the cash flows from the expected life of the financial asset or a shorter period where appropriate, to the net carried amount of the financial asset.

• Interest and commission on loans to countries with unpaid past due interest for over three months are excluded from profit or loss and only recorded as income when received.

• Interest income from time deposits and call accounts is recognized on a time proportion basis.

• Fee and commission income is recognized when earned.• Dividend income is recognized when the right to receive payment is established.

ANNEXES

Annex 1

Project Sheets for Loans ExtendedDuring the Year 2017


ANNEX 1PROJECT 1 OF 13

Republic of DjiboutiCompletion of the Rehabilitation and Reinforcement of

the Drinking Water Distribution Network in Djibouti

Loan No.: 635 Interest Rate: 2.0%

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

Grace Period: 7 years

Project Cost: KD 23.0 million Maturity: 30 yearsAmount of Loan: KD 20.0 million Repayment: 47 semi-annual

installmentsDate of Loan Agreement: 18/04/2017 First

Installment:7 years following the first disbursementDate of

Effectiveness: -

Objectives:The project aims at covering the current deficit in meeting the demand for drinking water in the city of Djibouti, and facing the future needs of the population until the year 2030, through the completion of the works related to the rehabilitation of the water distribution network to reduce the loss of water, and the reinforcement and expansion of the network to accommodate the additional quantities of water that will be provided to the city by the project of water transfer from Ethiopia and the project of sea water desalination. In addition, the project is expected to increase the number of domestic connections, and lead to the development and improvement of the drinking water services provided by ONEAD, as well as contribute to the preservation of water and the rationalization of its use, and improve the living and health conditions of the residents.

Description: The project, which is expected to be completed by the end of 2021, includes laying main and secondary pipelines in the water distribution network, installing a number of domestic connections, rehabilitating and constructing water tanks, increasing the installed capacity of 2 water pumping stations, and rehabilitating several wells. In addition, the project includes the technical services necessary to prepare the studies and designs, assistance in bid analysis, project supervision and provision of institutional support to ONEAD. The project consists of the following components:

1. Rehabilitation and Reinforcement of the Water Distribution Network: This includes the construction of three water tanks with capacities ranging between about 1200 and 5000 m3, the rehabilitation of 2 existing water tanks, each with a capacity of about 1500 m3, the replacement and laying of main and secondary pipelines with a total length of about 200 km and diameters ranging between 63 and 700 mm, and the replacement of about 30 thousand existing domestic connections. The works also include an increase in the installed capacity of the water pumping station in Balbala by about 400 m3/hour, and that of the pumping station in Ambouli by about 900 m3/hour, in addition to the construction of a workshop for the maintenance of pumps and the repair of water meters, the construction of a laboratory to control water quality, and the acquisition of the necessary equipment for the operation and maintenance of the project.


2. Expansion of the Water Distribution Network: This includes laying about 50 km of pipelines with diameters ranging between 63 and 90 mm, and installing about 15 thousand new domestic connections.

3. Technical Services: This includes the consultancy services necessary to prepare the project studies, designs and tender documents, assistance in tender evaluation and bid analysis, project supervision, as well as conducting any additional studies necessary for the achievement of the project’s objectives.

4. Institutional Support: This includes the use of the services of consultancy firms and experts to develop ONEAD’s administrative and financial systems, and improve its performance, in addition to the acquisition of the necessary equipment and information systems, and the training of employees on the management of project implementation, operation and maintenance.

Financing:The Arab Fund’s loan covers about 87% of the total project cost. The Government of Djibouti will cover the remaining cost of the project and any additional cost that may arise.

ANNEX 1PROJECT 1 OF 13 CONTD.


Arab Republic of EgyptConstruction of a 50 Megawatt Photovoltaic Power

Station in the City of Kom Ombo


Beneficiary: New & Renewable Energy Authority Grace Period: 4 years

Project Cost: KD 34.5 million Maturity: 30 years Amount of Loan: KD 26.0 million Repayment: 53 semi-annual

installments Date of Loan Agreement: 18/04/2017 First

Installment:4 years following the first disbursement Date of

Effectiveness: -

Objectives:The project aims at satisfying the increasing demand for electricity in the Arab Republic of Egypt by constructing a 50 Megawatt Peak (MWp) photovoltaic (PV) power station near the city of Kom Ombo in the governorate of Aswan, which benefits from a high level of annual global horizontal irradiation in the project’s location.

Description:The project, which is expected to be completed by the end of 2019, comprises the procurement and installation of a photovoltaic power station and its interconnection with the unified power grid, including civil works, technical services and supervision of project execution, in addition to institutional support. The project includes the following main components:

1. Generation Station Equipment and Devices: This includes design, manufacture, procurement, and installation of photovoltaic cell modules, inverters, transformers, protection and control systems, spare parts and all accessories.

2. Civil Works: This includes the execution of all station civil works.

3. Interconnection with the Unified Power Grid: This comprises the procurement and installation of power line towers, overhead lines, circuit breakers and accessories, and transformers to interconnect the solar PV station to the unified power grid, along with related civil works.

4. Technical and Consulting Services: This includes technical services needed to design the project, preparation of tender documents, bid analysis, assistance in contracting procedures and execution supervision.

5. Institutional Support: This includes development and update of the New & Renewable Energy Authority’s administrative, financial, and information systems and training of its staff.

Financing: The Arab Fund’s loan covers about 75% of the total project cost. The Egyptian Government will cover the remaining cost of the project and any additional cost that may arise.



Republic of TunisiaConstruction of Bridges on Classified Roads


Beneficiary:Ministry of Equipment, Housing and Spatial Planning





Effectiveness: 26/10/2017

Objectives:The project aims at improving land transportation services and traffic safety on roads in the Republic of Tunisia. This will be achieved through the construction of a number of bridges on classified roads in most governorates. The project will lead to enhancement of the classified road network efficiency, alleviation of traffic bottlenecks, and improvement of traffic circulation.

Description:The project, which is expected to be completed by the end of the second quarter of 2020, includes the construction and reconstruction of 32 bridges on classified roads in 20 out of the 24 Tunisian governorates. Among these bridges, 30 existing bridges will be demolished and reconstructed due to their inefficiency, and 2 new bridges will be constructed. The project comprises the following components:

1. Execution of Works: This includes the execution of all works related to the construction and reconstruction of 32 bridges, which have a total length of about 6 km, and widths ranging between about 11 m and 15 m. The works include earthworks, foundations, reinforced concrete structures, retaining walls, side fences, bridge entrances and asphalt works, in addition to traffic safety works.

2. Relocation of Utility Networks: This includes the relocation of utility networks, which include water supply and drainage, and electricity networks.

3. Land Acquisition: This includes the acquisition of land required for the project execution.

4. Consultancy Services: This includes the provision of required consultancy services for the preparation of project studies, designs, and tender documents, in addition to construction supervision and quality control of the works.

Financing: The Arab Fund’s loan covers about 72% of the total project cost. The Tunisian Government will cover the remaining cost of the project and any additional cost that may arise.



Islamic Republic of MauritaniaRehabilitation of the Guelb (1) Plant


Beneficiary:Société Nationale Industrielle et Minière (SNIM)





Effectiveness: -

Objectives:The project aims at extending the operating life of the Guelb (1) plant and improving the ability of the SNIM company to compete in international markets, through the replacement of the aging equipment used for crushing and grinding iron ore with newer, more efficient and less polluting equipment. This will lead to an improvement in the reliability of the plant and a reduction in its production cost.

Description: The project, which is expected to be completed during the second quarter of 2020, includes the supply and installation of equipment used for crushing and grinding iron ore, conveyor belts and mechanical cranes necessary to move the iron ore between the various treatment stages, the construction of an electrical substation and the laying of electrical cables to feed the new equipment. The project also includes the supply of a plant control system, and all required civil works and structures, along with the consultancy services necessary for the preparation of detailed designs of equipment and technical supervision. The project consists of the following main components:

1. Rehabilitation of the Plant: This comprises the supply and installation of equipment for secondary crushing of iron ore, along with all its ancillary equipment, including that used for the extraction and treatment of dust, the supply and installation of conveyor belts and associated pipes, the construction of a new 11 kV substation, the laying of electrical cables to supply the new equipment with electricity, the design, supply and operation of a plant control system, along with all necessary civil works and structures to house the new equipment.

2. Rehabilitation of Diesel Generating Units: This includes the rehabilitation of two diesel generating units located in the Guelb power plant.

3. Studies: This includes the preparation of detailed designs for the equipment that will be supplied, and the development of a procedure for replacing the old equipment with a new one, while keeping disruption of production to a minimum.

4. Technical Supervision: This includes technical supervision of the works included in the project, and participation in witness testing for the equipment and the control system.

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



Hashemite Kingdom of JordanIrbid Ring Road (Phase I)


Beneficiary: Ministry of Public Works and Housing Grace Period: 7 years





Objectives:The project aims at improving land transportation services on the road network in Irbid greater city and the surrounding areas .The project also aims at accommodating and diverting part of the increasing traffic within the city of Irbid and the traffic transiting through it, in addition to reducing traffic congestion and accidents.

Description: The project, which is expected to be completed by the end of 2020, constitutes the first phase of the Irbid ring road, and includes the parts located on the west side of the city of Irbid, with a total length of about 29 km. The project consists of the following main components:

1. Road Construction: This comprises the civil works related to the construction of the road, including earthworks, pavement layers, interchanges, bridges and tunnels at the intersections with the secondary roads, in addition to services networks, road lighting, and all necessary complementary works. The first phase of the project consists of two sections, as follows:a. First Section: This includes the part extending from the intersection of Um al Jadayil

road in the North to the intersection of Al-Husun road in the South, with a length of about 17.6 km.

b. Second Section: This section consists of two parts with a total length of about 11.5 km. The first part, with a total length of about 5.9 km, connects Um Qais road to the starting point of the first section at the intersection of Um al Jadayil road. The second part, with a total length of about 5.6 km, connects the end of the first section to the intersection of Amman road.

2. Consultancy Services: This includes the consultancy services required for the project studies, design and tender documents, in addition to the project management and the supervision of the works.

Financing:The Arab Fund’s loan covers about 30% of the total project cost. The Abu Dhabi Fund for Development contributed to the financing of the project with a grant equivalent to about KD20 million (41%). The Jordanian Government will cover the remaining cost of the project and any additional cost that may arise.



Republic of SudanConstruction of El Bagair Power Generating Station

Loan No.: 643 Interest Rate: 2.0 %

Beneficiary:Sudanese Thermal Power Generating Company (STPG)






Objectives:The project aims at reducing the existing and growing gap in satisfying the demand for electric power and energy on the Sudanese grid, through the construction of El Bagair power generating station south of Khartoum. The station will initially operate on crude oil as its primary fuel, then run on natural gas following the construction of a pipeline to supply the city of Khartoum with natural gas imported via Portsudan.

Description:The project, which is expected to be completed by the end of 2019, includes the construction of a 350 MW simple cycle power generating station, along with all necessary civil, mechanical and electrical works. The project also includes the construction of a 15/220/500 kV substation to connect the station to the electrical transmission network, along with the required technical services. The project includes the following main components:

1. Civil Works: This includes the construction of the equipment foundations, the necessary buildings and an internal road network.

2. Two Gas Units: This includes the supply and installation of two gas turbines, each rated at 175 MW, two 15 kV generators, each rated at 200 MVA, along with all their accessories and associated mechanical and electrical works.

3. Two Substations and Interconnection to the Grid: This includes the construction of a 600 MVA substation from 15 kV to 220 kV then 500 kV, in order to connect the generating station with the Soba and Giad 220 kV substations, and prepare for the future interconnection of the generating station with the Jabal Awlia and Kabashi 500 kV substations, along with all busbars, transformers, circuit breakers, measurement, protection and control equipment for both substations.

4. Technical Services: This includes consultancy services required for bid analysis, assistance to STPG in drawing up the contracts, project supervision, equipment testing and preliminary acceptance.

Financing: The Arab Fund’s loan covers about 78% 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 MauritaniaWater Supply to the Cities of Laayoune and Djiguenni,

and Neighboring Villages


Beneficiary: Société Nationale de l’Eau (SNDE) Grace Period: 7 years




Effectiveness: -

Objectives:The project aims at facing the current shortfall in the supply of drinking water to the cities of Laayoune and Djiguenni, and meeting their future water needs, as well as providing drinking water to about 14 neighboring villages, which will contribute to a reduction of the spread of diseases caused by consumption of contaminated water by the population, and an improvement of their living and health conditions. This will be achieved through the transport and distribution of water provided to the city of Timbedra through the “Water Supply to Eastern Cities and Villages from Dhar Basin Project”, which is about to be completed.

Description:The project, which is expected to be completed by the end of the first quarter of 2021, includes the construction of a number of pumping stations and reservoirs, the laying of pipelines, and the installation of a number of public taps and house connections. The project also includes the provision of technical services required for the review of studies and the preparation of tender documents, the supervision of project implementation, and the provision of institutional support to SNDE. The project comprises the following components:1. Water Transport and Distribution Facilities: This includes the laying of pipelines to

transport water, with a total length of about 260 km and diameters ranging between 150 and 400 mm, the construction of 3 ground and elevated reservoirs with capacities ranging between about 250 and 1500 m3, and the construction of 2 water pumping stations, the first with a capacity of about 200 m3/hour and the second with a capacity of about 50 m3/hour. The pumping stations’ works include all civil, hydro mechanical and electrical works, supply and installation of generators, transformers, power transmission lines, as well as required equipment and supplies for monitoring and operation. This component also includes the laying of pipelines to rehabilitate and expand the distribution networks in the cities of Laayoune and Djiguenni, and provide neighboring villages with drinking water, with a total length of about 76 km and diameters ranging between 63 and 400 mm, and the construction of 6 elevated reservoirs each with a capacity of about 25 m3, in addition to the installation of a number of public taps and house connections.

2. Technical Services: This includes the review and update of project studies, the preparation of detailed designs and tender documents, and assistance in the tendering and evaluating process, as well as the supervision of project implementation.

3. Institutional Support: This includes the acquisition of some equipment required for the construction management and operation of the project. It also includes the provision of systems and programs required for the enhancement of the performance of SNDE and the training of its employees.

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



Islamic Republic of MauritaniaElectrical Interconnection Between Nouakchott

and Zouerate on 225 kV


Beneficiary: Société Mauritanienne d’Electricité (SOMELEC) Grace Period: 7 years




Effectiveness: -

Objectives:The project aims at providing secure and low cost energy to the northern region of the Islamic Republic of Mauritania, which has an abundance of minerals, and strengthening the transmission grid in it, through the construction of a 225 kV line interconnecting Nouakchott and Zouerate.

Description:The project, which is expected to be completed by the end of 2020, includes the construction of 225 kV and 33 kV overhead lines from the city of Nouakchott to the city of Zouerate, passing through the cities of Akjoujt and Attar. The project also includes the expansion of an existing 225 kV substation in Nouakchott, the construction of new 225 kV substations in Akjoujt, Attar and Zouerate, and their connection to the existing corresponding substations in these cities, along with the provision of consultancy services required for the completion of the detailed designs and project supervision. The project consists of the following main components:

1. Transmission Lines:a. 225 kV Transmission Line: This includes the construction of a 670 km double circuit

transmission line from the substation connected to the northern power plant in Nouakchott to the city of Zouerate, passing through the cities of Akjoujt and Attar.

b. 33 kV Transmission Line: This includes the construction of a 33 km double circuit transmission line from the new 225/33 kV Attar substation to the existing Attar substation.

2. Substations:a. Expansion of the Substation Attached to the Northern Power Plant: This includes

the addition of two 225 kV circuit breakers in the substation attached to the northern power plant, with all necessary measurement, protection and control equipment.

b. Construction of New Substations: This includes the construction of three 225 kV substations in the cities of Akjoujt, Attar and Zouerate, and their connection to the existing corresponding substations in these cities.

3. Consultancy Services: This includes the consultancy services required for the completion of the detailed designs and project supervision.

Financing:The Arab Fund’s loan covers about 47% of the total project cost. It is expected that the Saudi Fund for Development and the Abu Dhabi Fund for Development will contribute to the financing of the project with loans equivalent to about KD 30.3 million (about 34%) and KD 15 million (about 17%), respectively. The Mauritanian government will cover the remaining cost of the project and any additional cost that may arise.



Republic of TunisiaTunis – Jelma Motorway


Beneficiary:Ministry of Equipment, Housing and Spatial Planning




Installment:5 years following the first disbursementDate of

Effectiveness: -

Objectives:The project aims at improving land transportation services on the road network in Tunisia, accommodating the rapidly growing road traffic, reducing traffic accidents, and contributing to the economic and social development of the country’s interior governorates, through the construction of the Tunis – Jelma motorway, which constitutes an important part of the Tunis – Kairouan – Sidi Bouzid – Kasserine and Gafsa motorway.

Description:The project, which is expected to be completed by end of 2021, consists of the construction of the Tunis – Jelma motorway, which has a length of about 186 km and consists of 4 lanes, 2 in each direction, with a width of 7 m, a median dividing the two directions with a width ranging between 7 and 12 m, and outer shoulders on both sides of the road with a width of 3 m on each side. The project also consists of the rehabilitation of a connection of about 16 km to link the motorway with the city of El Fahs in the governorate of Zaghouan. The project comprises the following main components:

1. Road Construction Works: This includes the execution of the necessary civil works related to the construction of the motorway and the rehabilitation of the connection to the city of El Fahs, drainage works, construction works for interchanges, large bridges over valleys, other over-passes and under-passes, culverts, construction of rest areas and toll stations, in addition to works related to traffic safety, landscaping, and others.

2. Relocation of Utility Networks: This includes the relocation of the water, electricity and telephone networks, and others.

3. Equipment and Devices: This includes the procurement and installation of equipment and devices related to the toll stations on the motorway.

4. Consultancy Services: This includes the provision of the consultancy services required to assist the ministry in the supervision of the execution of the project and the technical control of the works.

Financing:The Arab Fund’s loan covers about 28% of the total project cost. The European Investment Bank contributes to the financing of the project with a loan equivalent to about KD 85.7 million (about 48%). The Tunisian government will cover the remaining cost of the project and any additional cost that may arise.



Hashemite Kingdom of JordanAs Salt Ring Road


Beneficiary: Ministry of Public Works and Housing Grace Period: 7 years





Objectives:The project aims at improving land transportation services on the main road network in the city of As Salt and the surrounding areas. The project also aims at accommodating and diverting part of the increasing traffic within the city center and the traffic transiting through it, in addition to reducing traffic congestion and accidents.

Description:The project, which is expected to be completed by the end of 2020, consists of the construction of a ring road around the city of As Salt with a total length of about 22 km. The project comprises the following main components:

1. Road Construction: This consists of the civil works related to the construction of the road, including earthworks, laying of foundations, pavement layers, structural construction works for interchanges, necessary bridges and tunnels at the intersections with secondary roads, in addition to the service and lighting networks, and all necessary complementary works. The project execution has been divided into three sections, as follows:a. Western Section: This includes the execution of the part located west of As Salt, which

extends from its intersection with the existing road As Salt – Amman in the north to its intersection with the road leading to Balqa Applied University in the south, with a total length of about 8 km.

b. Southern Section: This includes the execution of the part located south of As Salt, which begins at the end of the western section and ends after the meeting point between the ring road and Wadi Shuai’b road, with a total length of about 6 km.

c. Eastern Section: This includes the execution of the part located east of As Salt, which links the end of the southern section with the existing road As Salt – Amman, with a total length of about 8 km.

2. Consultancy Services: This includes the provision of the consultancy services required for the project studies, designs and bid documents, in addition to the supervision of the works.

Financing:The Arab Fund’s loan covers about 37% of the total project cost. The Abu Dhabi Fund for Development contributed to the financing of the project with a grant equivalent to about KD 8.5 million (about 23%). The Jordanian government will cover the remaining cost of the project and any additional cost that may arise.



Sultanate of OmanDevelopment of Part of Road 32 in the

Special Economic Zone of Duqm


Beneficiary: Special Economic Zone Authority Duqm Grace Period: 5 years





Objectives:The project aims at improving and developing land transportation services within the boundaries of the special economic zone of Duqm, and accommodating increasing traffic which will result from connecting the main projects in this zone, most notably the commercial port, the refinery, Duqm airport, and the areas allocated for heavy, medium and light manufacturing, in addition to being part of national road 32, which links north Ash-Sharqiyah governorate with Al Wusta governorate and the other governorates of the Sultanate. The project will contribute to the movement of goods between future investment projects in the zone and the other parts of the Sultanate.

Description:The project, which is expected to be completed by the end of 2021, includes the development of the part of road 32 which lies within the economic zone of Duqm. The construction of the road, which has a total length of about 30 km, was divided into two phases. The first phase consists of the construction of the southern part of the road, which has a length of about 16.2 km, a width of about 120 m, and three-lane dual carriageways, with a total width of about 11.2 m each way, separated by a median with shoulders on both sides, in addition to two-lane service roads on each side of the main road with a total length of about 23 km and a width of about 7.3 m. This phase consists of the construction of several concrete bridges over Wadi Dungart, and both Wadi Say and Wadi Al Jarf. The second phase consists of the construction of the northern part of the road, which has a length of about 13.8 km, and is planned to have the same specifications and dimensions as the southern part of the road. This phase is expected to be executed over the period 2018 – 2021. The project consists of the following main components:

1. Civil Works: This includes preparatory works, removal of the existing road, earthworks, asphalt paving, structural bridges works, and complementary works necessary for the road, such as road embankment, water drainage facilities, road lighting, traffic safety, landscaping, ground services and channel ducts for future services.



2. Consultancy Services: This includes the consultancy services necessary for the preparation of studies, specifications, designs, detailed plans and bid documents, assistance in bid analysis and works supervision.

Financing:The Arab Fund’s loan covers about 45% of the total project cost. The Omani government will cover the remaining cost of the project and any additional cost that may arise.



Sultanate of OmanReinforcement of Desalinated Water Transmission

Lines in Ash Sharqiyah Governorates


Beneficiary: Public Authority for Electricity and Water Grace Period: 6 years




Effectiveness: -

Objectives:The project aims at reducing the current drinking water deficit, and meeting the increasing future water needs in North and South Ash Sharqiyah governorates. This will be achieved through the laying of transmission lines to transfer desalinated water, available from the recently expanded Al Sur plant, and from the Al Ashkhara plant, which is expected to be completed in the year 2020, to provide all states in both Ash Sharqiyah governorates with drinking water up to the year 2040.

Description:The project, which is expected to be completed in the second quarter of 2022, consists of the laying of pipelines, the construction of water reservoirs, the increase of the capacity of a number of existing water pumping stations and the construction of new stations, including the works required to provide these stations with electricity, as well as all civil, hydro mechanical and electrical works, and the establishment of the necessary monitoring and control systems in the project facilities and their operation. The project also consists of the required technical services to prepare the studies, designs and tender documents, and works supervision. The project consists of the following components:

1. Water Transmission Facilities from Al Ashkhara to Al Qabil: This includes the laying of a main pipeline with a length of about 145 km and diameters ranging between 1000 and 1400 mm, and secondary pipelines with a total length of about 5.5 km and a diameter of about 600 mm, as well as the increasing of the capacity of the existing Al Kamil water pumping station to about 1070 m3/hour and the construction of 8 new water pumping stations with capacities ranging between about 840 m3/hour and 3580 m3/hour each. This also includes the construction of 4 reservoirs with capacities ranging between 10000 m3 and 80000 m3 each, and the provision and installation of the necessary equipment and supplies for the protection and operation of the transmission lines, and the control of the pumping stations.

2. Water Transmission Facilities from Al Qabil to Al Mudhaibi: This includes the laying of main and secondary pipelines with a total length of about 90 km and diameters ranging between 300 and 1000 mm, and the construction of 2 reservoirs, each with a capacity of about 40000 m3.



3. Water Transmission Network in Al Mudhaibi: This includes the laying of main and secondary pipelines with a total length of about 92 km and diameters ranging between 300 and 800 mm, and the construction of 12 reservoirs with capacities ranging between about 1000 m3 and 28000 m3 each, in addition to the establishment of a monitoring and control system in the water transmission network.

4. Technical Services: This includes the required consultancy services to prepare the studies, designs and tender documents for the project, and the supervision of the works.

Financing:The Arab Fund’s loan covers about 36% of the total project cost. The Omani Government will cover the remaining cost of the project and any additional cost that may arise.



Arab Republic of Egypt Development of the Electric Transmission Grid


Beneficiary: Egyptian Electricity Transmission Company Grace Period: 4 years




Effectiveness: -

Objectives:The project aims at satisfying the demand for electricity in areas with high electric loads, by developing and expanding the electric power transmission grid. This will be accomplished by constructing substations operating on 500 kV, 220 kV, 66 kV, 22 kV and 11 kV, and constructing aerial lines and laying down underground cables to connect the new substations to the power grid.

Description:The project, which is expected to be completed by the end of the last quarter of 2019, includes the construction of new substations, and the procurement and installation of circuit breakers, bus bars, transformers, and measurement, protection and control systems, as well as aerial lines, underground cables, and carrying out all supplementary works, in addition to consulting and technical services. The project consists of the following components:

1. Substations:a. Alhawamdiya 500: This includes the construction and installation of a gas-insulated

substation operating on 500 kV, 220 kV, 66 kV, and 11 kV, including circuit breakers, capacitors, transformers and accessories.

b. Al Iktisadiya 500 (Elain Alsokhna): This includes the construction and installation of a gas-insulated substation operating on 500 kV, 220 kV, 66 kV and 22 kV, including circuit breakers, transformers and accessories.

c. West Damietta 500: This includes the construction and installation of a gas-insulated substation operating on 500 kV and 220 kV, including circuit breakers, transformers and accessories.

2. Aerial Lines and Underground Cables: This includes modifying existing lines and procurement and installation of 500 kV, 220 kV, 66 kV and 11 kV aerial lines and underground cables.

3. Consulting and Technical Services: This includes the consulting and technical services necessary to review the design and specifications of substations, tender documents, and to supervise project execution.

Financing:The Arab Fund’s loan covers about 68% of the total project cost. The Egyptian 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 - 2017

(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 2000.0 2,513.4 6.0 6.7 - 0.9 366.82009 2000.0 2,617.5 123.2 7.3 115.8 334.12010 2000.0 2,669.7 95.4 6.9 89.3 360.52011 2000.0 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 33.5 388.02014 2,554.9 3,051.8 92.8 8.3 84.4 412.52015 2,660.3 3,223.7 96.5 8.5 77.5 426.02016 2,740.8 3,333.5 82.1 8.5 59.2 445.02017 2,820.7 3,505.6 126.7 8.7 112.9 458.0 Total - - 3,159.2 197.9 2,862.9 9,727.7


ANNEX 2PAGE 2 OF 2

Capital, Resources and Status of Loans and Grants 1972 - 2017

(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 6715 27.5 257.8 159.1 13.1 8.0 22 8 7115 28.4 195.4 181.1 7.2 7.6 22 8 72

9 49.4 203.9 163.6 3.9 8.9 22 6 7613 35.2 269.5 242.9 7.2 6.6 22 7 77

663 14.7 6,283.3 3,444.9 222.2 178.1 - - -

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


Growth in Arab Fund ResourcesDuring the Period 1972 - 2017

(KD Million)

0

500

1000

1500

2000

2500

3000

3500

4000

197

2

197

5

198

0

198

5

199

0

199

5

200

0

200

5

201

0

2017

ReservesCapital


Gro

wth

in A

rab

Fund

Res

ourc

esD

urin

g th

e P

erio

d 19

72 -

201

7(K

D M

illio

n)

0

500

1000

1500

2000

2500

3000

3500

4000

1972

1975

1980

1985

1990

1995

2000

2005

2010

2017

Reserves

Capital


0

500

1000

1500

2000

2500

3000

3500

1974 - 1979 1980 - 1984 1985 - 1989 1990 - 1994 1995 - 1999 2000 - 2004 2005 - 2009 2010 - 2017

Milli

on K

D

Debt Owed to the Arab FundRepaymentsDisbursementsLoans

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

1974 - 2017(KD Million)

Loans, Disbursements, Repayments and Debt Owed to the Arab Fund During the Period 1974 - 2017

(KD Million)

xx Debt Owed to the Arab FundRepaymentsDisbursementsLoans

1974 1980 1985 1990 1995 2000 2005 2010 20170

2000

4000

6000

8000

10000

12000

Mill

ion

KD

xxx

xxxxx x


Summary of Loans Extended to Member States 1974 - 2017

(KD Million)

Beneficiary States

No. of Loans Amount of LoansEffective

Loans andDisbursements

% D

isbu

rsem

ents

to E

ffect

ive

Loan

s

App

rove

d

Net

App

rove

d

Can

celle

d

Net

% N

et L

oans

Effe

ctiv

eLo

ans

Disb

urse

men

ts

1 Hashemite Kingdom of Jordan 50 49 618.6 43.0 575.6 6.5 575.6 505.8 87.9

2 Republic of Tunisia 57 57 935.8 55.8 879.9 10.0 829.9 609.6 73.5

3 Algerian Democratic and People’s Republic 26 25 395.3 112.5 282.8 3.2 282.8 282.8 100.0

4 Republic of Sudan 42 41 836.8 13.0 823.8 9.3 763.8 519.9 68.1

5 Republic of Iraq 10 9 59.7 10.6 49.1 0.6 36.4 19.6 53.7

6 Syrian Arab Republic 51 50 697.0 39.5 657.5 7.4 597.5 467.1 78.2

7 State of Libya 9 8 175.7 33.2 142.5 1.6 142.5 132.9 93.2

8 Arab Republic of Egypt 61 59 1,526.7 149.9 1.376.8 15.6 1,290.8 957.2 74.2

9 Republic of Yemen 105 102 927.9 24.6 903.3 10.2 849.0 553.3 65.2

10 Republic of Lebanon 28 27 489.0 36.4 452.6 5.1 452.6 308.3 68.1

11 Kingdom of Morocco 72 71 1,352.9 159.1 1,193.8 13.5 1,193.8 957.9 80.2

12 Kingdom of Bahrain 20 19 301.5 33.3 268.2 3.0 268.2 232.2 86.6

13 Somali Democratic Republic 12 11 40.7 2.8 37.9 0.4 37.9 23.8 62.8

14 Islamic Republic of Mauritania 60 60 647.7 5.8 641.9 7.3 552.9 401.5 72.6

15 Sultanate of Oman 30 29 593.5 164.5 429.0 4.9 369.0 229.0 62.1

16 Palestine 5 5 17.0 2.6 14.4 0.2 14.4 14.4 100.0

17 Republic of Djibouti 25 23 112.0 5.0 107.0 1.2 84.0 68.1 81.0

Total 663 645 9,727.7 891.4 8,836.3 100.0 8,341.1 6,283.3 75.3

ANNEX 3


ANNEX 4

Sectoral Distribution of Loans Among Beneficiary Member States, 1974 - 2017

(KD Million)

Beneficiary States

Infrastructure Sectors Productive Sectors

Soci

al S

ervi

ces

Sect

ors*

Oth

er S

ecto

rs

Gra

nd T

otal

Perc

enta

ge

Tran

spor

t

Telec

ommu

nicati

ons

Ener

gy a

nd

Elec

tric

ity

Wat

er a

nd

Sew

erag

e

Agr

icul

ture

an

d R

ural

D

evel

opm

ent

Indu

stry

and

M

inin

g

1 Hashemite Kingdom of Jordan 65.6 6.0 299.9 8.8 121.4 22.5 58.0 36.5 618.7 6.4

2 Republic of Tunisia 369.8 4.7 130.8 109.9 216.0 59.0 25.0 20.6 935.8 9.6

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 4.1

4 Republic of Sudan 198.6 7.7 281.5 29.3 255.5 64.2 - - 836.8 8.6

5 Republic of Iraq - 5.0 8.5 - 8.0 18.8 - 19.4 59.7 0.6

6 Syrian Arab Republic 69.0 60.7 368.0 47.5 86.1 52.1 13.0 0.6 697.0 7.2

7 State of Libya - 12.5 127.2 - - 36.0 - - 175.7 1.8

8 Arab Republic of Egypt 132.0 - 961.4 146.0 50.0 121.9 83.4 32.0 1,526.7 15.7

9 Republic of Yemen 326.9 8.9 208.9 112.6 63.3 35.2 126.1 46.0 927.9 9.5

10 Republic of Lebanon 89.0 - 115.5 82.0 63.0 - 105.5 34.0 489.0 5.0

11 Kingdom of Morocco 701.0 4.0 85.5 122.3 397.5 9.0 33.0 0.6 1,352.9 13.9

12 Kingdom of Bahrain 50.5 6.0 84.0 66.0 - 25.0 70.0 - 301.5 3.1

13 Somali Democratic Republic 16.5 2.9 6.8 5.0 9.5 - - - 40.7 0.4

14 Islamic Republic of Mauritania 88.8 11.1 295.8 170.9 10.3 51.3 4.5 15.0 647.7 6.7

15 Sultanate of Oman 280.5 3.0 22.0 165.0 3.0 6.0 40.0 74.0 593.5 5.1

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

17 Republic of Djibouti 17.5 5.9 22.0 37.0 1.9 0.7 27.0 - 112.0 1.2

Total 2,455.7 146.2 3,164.8 1,132.3 1,368.8 511.7 661.5 286.8 9,727.7 100.0Percentage 25.2 1.5 32.5 11.6 14.1 5.3 6.8 2.9 100.0

* Includes Education, Health, Housing and Social Development Sectors.


0

200

400

600

800

1000

1200

1600

1400

OthersSocial ServicesIndustry & MiningAgriculture & Rural DevelopmentWater & SewerageTransport Telecommunications Energy & Electric Power

Jordan Tunisia Algeria Sudan Iraq Syria Libya Egypt Yemen Lebanon Morocco Bahrain Somalia Mauritania Oman Palestine Djibouti

Sectoral Distribution of LoansAmong Beneficiary Countries, 1974 - 2017

(KD Million)


0

200

400

600

800

1000

1200

1600

1400

Oth

ers

Soci

al S

ervi

ces

Ind

ustr

y &

Min

ing

Ag

ricu

ltur

e &

Rur

al D

evel

opm

ent

Wat

er &

Sew

erag

eTr

ansp

ort

Tele

com

mun

icat

ion

sEn

erg

y &

Ele

ctri

c Po

wer

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 -

2017

(KD

Mill

ion)


No. Country / Project LoanNo.

Amountof Loan

Cancelled Loans and Balances

Disbursements During 2017

Disbursements as at

31/12/2017

Repayments as at

31/12/2017

(1) Hashemite Kingdom of Jordan1 Amman Northern Approach* 14/75 5,000 69 - 4,931 4,931

2 Electric Power Development I* 19/76 6,000 - - 6,000 6,000

3 Electric Power Development II* 43/77 5,900 - - 5,900 5,900

4 Aqaba Water* 47/79 2,100 129 - 1,971 1,971

5 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 5,000

7 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 2,500

11 Zarqa-Al Mafraq-Syrian Border Road* 118/83 4,000 - - 4,000 4,000 12 Central Ghors Irrigation* 145/84 6,000 82 - 5,918 5,918 13 Mitigation of Earthquake Risks* 148/84 450 182 - 268 268 14 The Lower Zarqa River Basin* 165/85 5,000 - - 5,000 5,000 15 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 7,300

19 Jordan-Egypt Power Link* 233/89 10,500 - - 10,500 10,500

20 Supporting Operations of JordanElectricity Authority and the JordanPhosphate 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 13,896 23 Second Agricultural Credit for Income

Diversification* 283/93 2,500 - - 2,500 2,500

24 King Abdallah Teaching Hospital* 285/93 10,000 399 - 9,601 9,601

25 Aqaba Power Station Phase II and Reinforcement of Internal Transmission Lines*

301/94 35,000 - - 35,000 34,000

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

311/95 19,500 - - 19,500 18,445

27 Aqaba Thermal Power Station (Phase III)*

320/95 26,000 - - 26,000 24,420

28 Hwarat-Abu Zeighan Irrigation Water Pipeline*

333/96 1,900 595 - 1,305 1,203

29 Infrastructure Development in the Poor Areas*

358/97 6,000 446 - 5,554 4,069

30 Integrated Development in theSouthern Ghors*

359/97 34,000 11,395 - 22,605 18,349

Loans Extended to Beneficiary Member States 1974 - 2017

(KD 000)

ANNEX 5PAGE 1 OF 23

* Completed Project. ** Fully Cancelled Loan.



Amountof Loan



Disbursements as at

31/12/2017

Repayments as at

31/12/2017

(1) Hashemite Kingdom of Jordan31 Integrated Development in the Southern

Ghors (Phase II - Mujib Dam)* 365/98 12,000 356 - 11,644 9,194

32 King Abdallah Teaching Hospital (Second Loan)*

371/98 15,000 29 - 14,971 12,241

33 Prince Hamza Hospital* 386/99 23,000 9,348 - 13,652 9,572 34 Al-Wehdah Dam* 394/2000 35,000 6,082 - 28,918 16,168 35 Education Reform - School Buildings* 444/2003 10,000 318 - 9,682 5,002 36 Amman Development Corridor (Section I)* 455/2003 12,000 1 - 11,999 3,159 37 Al-Samra Power Generating Station* 462/2004 21,000 - - 21,000 9,600 38 Amman Development Corridor -

Phase I (Second Loan)*499/2006 10,000 - - 10,000 1,160

39 Al-Samra Power Generating Station (Phase II)* 515/2007 20,000 - - 20,000 6,270 40 Comprehensive Development of

Wadi Araba Region (Phase l) 522/2007 6,000 - - 5,926 1,530

41 Al-Samra Electric Power Generating Station (Phase lII)*

524/2007 30,000 - - 30,000 6,880

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

542/2009 30,000 - - 30,000 5,670

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 - - 27,519 2,460

45 Al-Samra Electric Power Generating Station (Phase VI)*

587/2012 30,000 - - 27,632 1,620

46 Al-Samra Electric Power Generating Station (Phase VII)

620/2015 16,000 - 7,161 7,788 -

47 Program to Supoort Small and Medium Private Sector Projects and Enterprises

623/2015 30,000 - 6,000 6,000 -

48 Infrastructure Development in the Petra Region

630/2015 6,000 - 1,656 2,339 -

49 Irbid Ring Road (Phase 1) 642/2017 15,000 - - - - 50 As Salt Ring Road 648/2017 14,000 - - - - Subtotal 618,650 43,039 14,817 505,815 304,034

(2) Republic of Tunisia1 Tunis Sud Electric Power* 3/74 2,000 1 - 1,999 1,999 2 El-Borma Gas* 15/75 4,000 4 - 3,996 3,996 3 Development Credit* 34/77 7,000 - - 7,000 7,000 4 Water Supply for Industry in Gabes* 50/79 3,300 1,018 - 2,282 2,282 5 Ghardima Plain Irrigation* 57/80 3,500 478 - 3,022 3,022 6 Bizerte Fisheries Port* 64/81 3,800 649 - 3,151 3,151 7 Fourth Pan-Arab Telecommunications* 72/81 3,700 - - 3,700 3,700 8 Potable Water to Rural Areas* 83/82 600 88 - 512 512 9 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 - 997 997

ANNEX 5PAGE 2 OF 23


(KD 000)

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



Amountof Loan



Disbursements as at

31/12/2017

Repayments as at

31/12/2017

(2) Republic of Tunisia11 Water Supply for the Central and

Southern Coastal Areas* 115/83 4,000 1,489 - 2,511 2,511

12 Mornag Agriculture* 123/83 1,500 133 - 1,367 1,367 13 Burj Tomi, Mater and Sajnan Irrigation* 144/84 6,000 2,700 - 3,300 3,300 14 Mitigation of Earthquake Risks* 149/84 575 48 - 527 527 15 Integrated Rural Development (Phase I)* 166/85 14,000 - - 14,000 14,000 16 Northern Roads Development* 190/87 7,000 - - 7,000 7,000 17 Monastir Fishery Port* 195/87 1,300 72 - 1,228 1,228 18 Al-Qairawan Plain Irrigation* 207/88 5,500 2,079 - 3,421 3,421 19 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 20,000 22 Tunisia-Libya Power Link* 243/90 17,800 - - 17,800 14,040 23 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 16,783

25 Integrated Rural Development (Phase II)* 293/94 21,000 372 - 20,628 20,628 26 Roads Development* 296/94 10,000 - - 10,000 10,000 27 University Buildings in Gafsa* 321/96 10,000 2,119 - 7,881 7,033 28 Al-Wakael Project (Phase III)* 328/96 5,000 254 - 4,746 4,347 29 Zarqa Dam and the Irrigation of

Tbarqa and Mekna Plains* 338/96 13,000 3,830 - 9,170 7,525

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

348/97 22,000 6,497 - 15,503 12,738

31 Supporting the Vocational Training and Employment Programs*

361/97 11,000 134 - 10,866 8,556

32 Improvement of the Roads Network and Rural Roads* Development*

374/98 35,000 30 - 34,970 25,970

33 Tunis - Bizerte Motorway* 382/99 24,000 4,877 - 19,123 13,623 34 El-Kebir and El-Maoula Dams* 391/99 28,000 4,525 - 23,475 13,425 35 Development of the Industrial Parks* 402/2000 14,000 4,776 - 9,224 6,754 36 Tunis - Mejez El-Bab Motorway* 405/2000 25,000 1,885 - 23,115 14,730 37 Developmental Credit Lines* 413/2001 11,000 2,000 - 9,000 5,964 38 Construction of Six Dams in the North

to Supply Potable Water* 428/2002 32,000 6,263 - 25,737 13,407

39 Modernization of the Transmission Network*

443/2003 30,000 - - 30,000 15,480

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

459/2004 12,000 - 1,605 9,788 3,240

41 Al-Wakael Project (Phase IV)* 464/2004 4,000 1,702 - 2,298 1,443 42 Regional and Rural Roads Network* 483/2005 16,000 125 - 15,875 5,433 43 Wadi Al-Kabir Dam in Gafsa Province* 490/2006 3,000 566 80 2,434 652 44 Ghannouch Combined Cycle Power

Generating Station494/2006 25,000 - - 24,938 6,390

ANNEX 5PAGE 3 OF 23


(KD 000)

* Completed Project.



Amountof Loan



Disbursements as at

31/12/2017

Repayments as at

31/12/2017

(2) Republic of Tunisia45 Regional and Rural Roads Network

(Phase II)*518/2007 22,000 1,226 - 20,774 6,024

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

543/2009 15,000 - - 15,000 3,870

47 Sousse Power Generating Station (Second Expansion)

553/2010 37,000 - 1,435 30,101 3,000

48 Oued Zarga - Bousalem Motorway 561/2011 38,000 - 3,677 24,507 1,090 49 Urgent Program to Support Small

Private Sector Projects573/2011 15,000 - 5,000 10,000 -

50 Integrated Development Program 574/2011 42,000 - 2,394 17,947 - 51 Mdhila 2 Triple Super Phosphate

Fertilizer Production 592/2013 22,000 - 3,879 5,840 -

52 Regional and Rural Roads Network (Phase III)

608/2014 40,000 - 8,111 18,736 -

53 Upper Mellegue Dam 609/2014 30,000 - 774 774 - 54 Development of the Classified Road

Network and Rural Roads624/2015 50,000 - 14,587 17,879 -

55 Construction of Saida and Kalaa Kebira Dams, and Related Water Conveyance Facilities

631/2015 50,000 - 151 151 -

56 Construction of Bridges on Classified Roads

640/2017 20,000 - 1 1 -

57 Tunis - Jelma Motorway 647/2017 50,000 - - - - Subtotal 935,775 55,837 41,694 609,600 346,681

(3) Algerian Democratic and People’s Republic1 New Arzew Port* 5/74 6,000 1,563 - 4,437 4,437 2 Telecommunications* 10A/75 300 52 - 248 248 3 Jijel Port* 42/77 12,000 6,760 - 5,240 5,240 4 Navigation Inspection Unit* 55/80 2,000 70 - 1,930 1,930 5 Fourth Pan-Arab Telecommunications* 71/81 4,500 153 - 4,347 4,347 6 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

9 Agricultural Credit* 140/84 6,000 - - 6,000 6,000 10 Wadi Mina Irrigation* 167/85 6,500 1,364 - 5,136 5,136 11 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 19,972

14 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

ANNEX 5PAGE 4 OF 23



(KD 000)



Amountof Loan



Disbursements as at

31/12/2017

Repayments as at

31/12/2017

(3) Algerian Democratic and People’s Republic16 Power Generating Station in Hassi

Massoud* 324/96 40,000 57 - 39,943 39,943

17 The Mitigation of Earthquake Risks (Second Loan)*

332/96 3,500 1,887 - 1,613 1,613

18 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 28,524 21 Upgrading of the Electric Grid* 387/99 30,000 - - 30,000 30,000 22 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 7,401 26 Housing Construction and

Reconstruction** 450/2003 30,000 30,000 - - -

Subtotal 395,300 112,489 - 282,811 282,811(4) Republic of Sudan1 Gadaref-Kassala Motorway

(First Loan)* 6/74 8,000 - - 8,000 8,000

2 Telecommunications* 9/75 4,800 257 - 4,543 4,543 3 Rahad Roads* 16/75 4,400 11 - 4,389 4,389 4 Sennar-Damazin Motorway* 31/76 11,000 986 - 10,014 10,014 5 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 9 Fifth Pan-Arab Telecommunications

(Earth Stations)* 100/82 1,300 223 - 1,077 1,077

10 Rehabilitation of Sugar Industry(First Loan)*

110/83 6,000 - - 6,000 6,000

11 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 1,600

16 Rehabilitation of the Sugar Industry (Third Loan)*

181/86 3,400 - - 3,400 2,420

ANNEX 5PAGE 5 OF 23



(KD 000)



Amountof Loan



Disbursements as at

31/12/2017

Repayments as at

31/12/2017

(4) Republic of Sudan17 Rehabilitation of Gezira Agricultural

Scheme (Third Loan)* 182/86 9,600 - - 9,600 8,010

18 National Power Grid* 198/87 8,500 - - 8,500 8,500 19 Port Sudan Water Supply* 206/87 10,000 5,000 - 5,000 3,680 20 Textiles Rehabilitation* 208/88 4,500 3,765 - 735 735 21 Paving of the Main Roads* 392/2000 23,000 - - 23,000 11,780 22 Roseires Dam* 393/2000 12,000 - - 12,000 6,175 23 Atbara - Haiya - Port Sudan Road* 410/2001 25,000 - - 25,000 8,100 24 Merowe Dam* 422/2002 46,000 - - 46,000 17,500

25 Generation and Transmission of Electricity from Merowe Dam*

448/2003 30,000 - - 30,000 8,000

26 Gadaref-Doka-Gallabat Road* 457/2003 9,000 130 - 8,870 2,741 27 Merowe Dam Road* 474/2005 4,000 - - 1,534 1,209

28 White Nile Sugar* 476/2005 21,000 - - 21,000 5,440 29 Heightening of Roseires Dam (Phase II)* 521/2007 58,000 - - 58,000 6,000 30 Merowe Dam (Supplementary Loan)* 528/2008 58,000 - - 56,634 6,000 31 Al Salam Cement Factory (P)* 8P/2008 2,778 - - 2,778 2,778 32 White Nile Sugar (Supplementary Loan) 548/2010 30,000 - - 29,198 1,245 33 Khartoum New International Airport 552/2010 50,000 - - - - 34 Upper Atbara and Setit Dams Complex 557/2010 50,000 - 336 49,057 - 35 Electric Power Generating Station in the

Upper Atbara and Setit Dams Complex566/2011 30,000 - 6,017 19,635 -

36 East Sudan Roads 578/2012 54,000 - 8,093 29,137 - 37 Water Harvesting in Border Provinces 582/2012 15,000 - 855 4,124 - 38 Loan Program for Industrial

Development Projects586/2012 10,000 - - - -

39 Upper Atbara and Setit Dams Complex (Supplementary Loan)

591/2013 30,000 - 1,614 6,765 -

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

599/2013 57,000 - - - -

41 Roseires Irrigation (Phase I) 633/2016 60,000 - - - - 42 Construction of El Bagair Power

Generating Station643/2017 52,000 - - - -

Subtotal 836,778 12,977 16,915 519,885 170,231

(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 63 4 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 -

ANNEX 5PAGE 6 OF 23

* Completed Project. ** Fully Cancelled Loan. (P): Private Sector Project.


(KD 000)



Amountof Loan



Disbursements as at

31/12/2017

Repayments as at

31/12/2017

(5) Republic of Iraq8 Abattoir and Meat Processing Unit

(Central Region) 226/89 3,800 - - 749 -

9 Abattoir and Meat ProcessingUnit-Basra

235/90 4,200 - - - -

10 Basra Power Grid 248/90 8,500 - - - -

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

(6) Syrian Arab Republic1 Fuel Storage Tanks* 2/74 2,000 - - 2,000 2,000

2 Cattle Breeding (Ghab)* 8/74 5,400 3,412 - 1,988 1,988

3 Damascus Water Supply (First Loan)* 26/76 12,000 - - 12,000 12,000

4 Banias Power Station* 45/77 6,000 - - 6,000 6,000

5 Second Pan-Arab Telecommunications*

60/80 2,700 918 - 1,782 1,782

6 Homs and Hama Sewerage* 61/81 5,000 4,354 - 646 646 7 Damascus Garbage Composting* 70/81 2,200 2 - 2,198 2,198 8 Tartous-Lattakia Motorway* 93/82 6,000 - - 6,000 6,000 9 Fifth Pan-Arab Telecommunications

(Earth Stations)* 95/82 1,000 - - 1,000 1,000

10 Damascus-Sanamein-Jordanian Border Road*

128/83 9,000 - - 9,000 9,000

11 Mehardeh Power Station Extension (First Loan)*

146/84 6,500 239 - 6,261 6,261

12 Mitigation of Earthquake Risks* 151/84 575 11 - 564 564 13 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 7,016 22 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 12,549 25 Jourine Joint Water Supply* 260/91 5,500 1,598 - 3,902 3,314 26 Phosphate Fertilizers in Tadmur 265/92 30,000 - - - -

ANNEX 5PAGE 7 OF 23



(KD 000)



Amountof Loan



Disbursements as at

31/12/2017

Repayments as at

31/12/2017

(6) Syrian Arab Republic27 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 21,711

32 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

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 3,575

39 Integrated Development in the Badia* 368/98 20,000 - - 14,659 5,970

40 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 39,446 - 467,124 273,024

ANNEX 5PAGE 8 OF 23



(KD 000)



Amountof Loan



Disbursements as at

31/12/2017

Repayments as at

31/12/2017

(7) State of Libya1 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 9,568 6 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

(8) Arab Republic of Egypt1 Talkha II Fertilizers (First Loan)* 4/74 6,500 - - 6,500 6,500

2 Tourah Cement Expansion* 11/75 6,700 - - 6,700 6,700

3 Cairo-Fustat Water Supply* 17/75 9,700 1,806 - 7,894 7,894

4 Cairo-Helwan Sewerage* 18/75 8,300 7,603 - 697 697

5 Talkha II Fertilizers (Supplementary Loan)*

24/76 2,700 6 - 2,694 2,694

6 Abu-Qir Power Station Extension* 28/76 12,000 3,041 - 8,959 8,959

7 Kafr El-Dawar Textiles* 30/76 10,000 - - 10,000 10,000

8 Suez Canal Development* 40/77 12,000 - - 12,000 12,000

9 Dumyat Power Station (Phase II)* 221/89 35,000 700 - 34,300 34,300

10 Idfu Wood Pulp Plant Extension* 229/89 7,500 632 - 6,868 6,868

11 Egypt-Jordan Power Link* 234/89 34,100 3,339 - 30,761 30,761

12 Soda Ash Plant (First Loan)* 238/90 7,000 - - 7,000 7,000

13 Ammonium Nitrate Unit* 247/90 8,000 - - 8,000 8,000

14 Kureimat Power Station* 254/91 36,250 3,585 - 32,665 32,665

15 Rubber Tires and Tubes Factory Extension*

255/91 10,500 - - 10,500 10,260

16 Social Development Fund (Phase I)* 256/91 14,400 11 - 14,389 14,019

17 Sewerage Projects in 46 Towns* 270/92 36,000 14,732 - 21,268 19,788

18 Sidi-Kreir Thermal Power Station* 272/92 44,000 6,363 - 37,637 31,281

19 Mitigation of Earthquake Risks* 275/92 2,000 1 - 1,999 1,871

20 Reconstruction of Earthquake Damaged Schools*

276/93 15,000 - - 15,000 13,140

ANNEX 5PAGE 9 OF 23



(KD 000)



Amountof Loan



Disbursements as at

31/12/2017

Repayments as at

31/12/2017

(8) Arab Republic of Egypt21 Suez Transformers Station* 278/93 16,000 733 - 15,267 14,106

22 Rehabilitation of Phosphatic Fertilizers Plant in Abu Zaabal*

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

23 Electric Insulations Plant* 286/93 4,500 484 - 4,016 4,016

24 Float Glass Plant* 292/94 15,000 384 - 14,616 14,616 25 Soda Ash Plant (Second Loan)* 295/94 4,000 82 - 3,918 3,918 26 Oyun Moussa Power Station* 309/95 39,000 8,600 - 30,400 24,256 27 Construction of a Special Steel

Factory* 318/95 15,000 409 - 14,591 14,591

28 Social Development Fund (Phase II)* 346/97 21,000 - - 21,000 12,474 29 The Liver Diseases Center 362/98 3,000 - 51 260 - 30 Construction of a Flat Steel Plant* 372/98 17,000 79 - 16,921 16,921 31 Upgrading the Egyptian National

Railroads Authority’s Locomotives and Workshops*

399/2000 16,000 69 - 15,931 6,731

32 Cairo North Power Generation Station*

407/2001 27,000 1,707 - 25,293 10,343

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

420/2001 17,000 - - 13,424 7,470

34 Natural Gas Pipeline (Al-Arish - Aqaba)*

427/2002 17,000 4,224 - 12,776 12,776

35 Nubaria Power Station - Phase I* 434/2002 30,000 681 - 29,319 12,819 36 Nubaria Power Station - Phase II* 438/2003 30,000 104 - 29,896 11,416 37 Educational Buildings** 442/2003 30,000 30,000 - - - 38 Water Supply for 240 Villages

Deprived of Potable Water (Phase II) 432/2002 30,000 - - 27,459 12,444

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

461/2004 30,000 - 111 29,596 10,780

40 Development of the Waterway Between Cairo and Alexandria

472/2005 10,000 - - 3,063 2,320

41 Expansion of West Cairo Power Generation Station*

484/2005 30,000 - - 30,000 6,930

42 Development of Hurghada International Airport*

488/2006 35,000 - - 35,000 4,300

43 Al-Atf Power Generating Station* 492/2006 30,000 - - 30,000 6,160 44 Expansion of Abu Qir Power

Generating Station 1300 MW*513/2007 30,000 117 - 29,883 4,503

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

525/2007 30,000 117 - 29,883 4,503

46 El-Ain El-Sokhna Power Generating Station

539/2009 55,000 - 2,018 50,316 4,200

47 South Gas Pipeline* 530/2008 25,000 - - 25,000 1,220 48 Banha Power Generating Station* 554/2010 50,000 - 130 48,294 1,300 49 Development of Hurghada International

Airport (Supplementary Loan)*559/2010 15,000 - 718 15,000 -

ANNEX 5PAGE 10 OF 23



(KD 000)



Amountof Loan



Disbursements as at

31/12/2017

Repayments as at

31/12/2017

(8) Arab Republic of Egypt50 South Helwan Power Generating Station 571/2011 55,000 - 14,775 26,192 - 51 Urgent Program to Support Small and

Medium Private Sector Projects and Enterprises*

572/2011 30,000 - 4,726 30,000 -

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

583/2012 44,000 - - 3,854 -

53 Electrical Interconnection Between the Arab Republic of Egypt and the Kingdom of Saudi Arabia

603/2013 45,000 - - - -

54 Assiut Power Generating Station (El-Walidia) 650 MW

604/2013 55,000 - 7,991 7,991 -

55 Al Nouran Sugar (P)* 14P/2014 3,500 - - 3,500 -

56 Cairo West Power Generating Station 650 MW

615/2014 60,000 - 4,920 4,920 -

57 Wastewater Facilities in Areas Neighoring Al Rahawi Drainage Canal

628/2015 45,000 - - - -

58 Damanhour Combined Cycle Power Generating Station (1800 MW)**

627/2015 60,000 60,000 - - -

59 Water Supply and Development of the Agricultural System in the Sinai Peninsula

634/2016 50,000 - - - -

60 Construction of a 50 Megawatt Photovoltaic Power Station in the City of Kom Ombo

638/2017 26,000 - - - -

61 Development of the Electric Transmission Grid

651/2017 60,000 - - - -

Subtotal 1,526,650 149,851 35,440 957,168 494,268

(9) Republic of Yemen1 Mukalla Multipurpose* 1/74 3,200 - - 3,200 3,200 2 Electric Power I* 7/74 4,000 - - 4,000 4,000 3 Aden Port Rehabilitation* 12/75 3,900 - - 3,900 3,900 4 Hodeida Water Supply and Sewerage* 13/75 6,000 727 - 5,273 5,273

5 Taiz-Aden Road* 22A/76 3,800 - - 3,800 3,800 6 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 9,000

9 Sana’a Water Supply* 37/77 5,000 91 - 4,909 4,909

10 Hadramaut Power* 48/79 4,000 - - 4,000 4,000

11 Wadi Tuban Agricultural Scheme* 53/80 1,900 25 - 1,875 1,875

12 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 3,500



(KD 000)




Amountof Loan



Disbursements as at

31/12/2017

Repayments as at

31/12/2017

(9) Republic of Yemen15 Third Pan-Arab Telecommunications* 68/81 1,400 - - 1,400 1,400 16 Third Pan-Arab Telecommunications* 69/81 1,300 - - 1,300 1,300 17 Electric Power IV (Al-Mokha Power

Station)* 79/82 4,000 42 - 3,958 3,958

18 Potable Water to Rural Areas* 87/82 1,500 - - 1,500 1,500 19 Potable Water to Rural Areas* 88/82 700 80 - 620 620 20 Nashtoun Fisheries Port* 90/82 3,000 - - 3,000 3,000 21 Fifth Pan-Arab Telecommunications

(Earth Stations)*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 - 854 854 33 Strengthening of Sana’a-Taiz Road* 147/84 5,600 247 - 5,353 5,353 34 Mitigation of Earthquake Risks* 152/84 600 1 - 599 599 35 Grain Silos** 157/85 8,000 8,000 - - - 36 Wadi Hajar Agriculture* 160/85 3,500 - - 3,500 3,500 37 Aden-Abyan Electrification Scheme* 161/85 5,900 237 - 5,663 5,663 38 Nisab-Beigan Road* 170/86 4,200 58 - 4,142 4,142 39 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 2,949 42 Aden Water Supply (Supplementary

Loan)* 188/86 1,000 2 - 998 998

43 Laboos Water Supply* 189/87 4,000 58 - 3,942 3,942

44 Strengthening Sana’a-Hodeida Road* 199/87 6,800 - - 6,800 6,800




(KD 000)



Amountof Loan



Disbursements as at

31/12/2017

Repayments as at

31/12/2017

(9) Republic of Yemen45 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 2,500 48 Northern Region Agricultural

Development* 215/88 3,500 38 - 3,462 3,086

49 Yemen Power Link Taiz-Aden* 217/88 8,600 24 - 8,576 7,652 50 Yemen Power Link Aden-Taiz* 218/88 10,000 62 - 9,938 9,406 51 Al-Mukalla Water Supply* 220/88 2,850 20 - 2,830 2,830 52 Integrated Rural Development in the

Central Highlands* 222/89 3,500 254 - 3,246 2,426

53 Agricultural Credit* 230/89 5,500 8 - 5,492 5,021 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 2,320 56 Electricity Distribution Network

(Second Loan)* 251/90 4,500 146 - 4,354 3,355

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

268/92 5,000 1,905 - 3,095 2,695

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

288/93 2,500 23 - 2,477 1,937

59 Sana’a Sewerage Treatment Plant* 322/96 8,000 1 - 7,999 5,464 60 Social Development Fund* 350/97 6,000 - - 6,000 3,078 61 Wadi Hadramaut Agricultural

Development Project (Phase III)* 357/97 4,000 702 - 3,298 1,389

62 Sanitation Networks in Sana’a 383/99 18,000 - - 14,639 10,058 63 Sayhut - Nashtoun Road* 403/2000 26,000 - - 20,901 10,460 64 Sana’a International Airport Development 411/2001 28,000 - - 9,837 9,837 65 Social Development Fund - Phase II* 425/2002 15,000 - - 15,000 5,265 66 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 - - 27,584 8,030

68 Dhamar - Al-Husseiniya Road* 445/2003 15,000 - - 14,755 4,745 69 Construction of Ma’rib Gas-Turbine

Electrical Generating Station* 447/2003 25,000 - - 24,531 7,320

70 Major Intersections in Sana’a City 453/2003 15,000 - - 14,774 5,110 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 - - 10,544 3,630

73 Five-Star Hotel in Sana’a (P)* 4P/2004 6,000 - - 6,000 3,436 74 Rural Access Roads 467/2004 26,000 - - 22,539 5,360 75 Development of Local Communities

(Phase III)* 477/2005 15,000 - - 15,000 2,835



(KD 000)




Amountof Loan



Disbursements as at

31/12/2017

Repayments as at

31/12/2017

(9) Republic of Yemen76 Aden Iron Factory in Lahaj

Governorate (P)*5P/2006 7,000 - - 7,000 4,180

77 Social Development Fund - Phase III* 480/2005 15,000 - - 15,000 2,835 78 Wastewater Facilities in Seiyoun and Tarim 482/2005 15,000 - - 1,834 730 79 Construction of a Second Ma’rib Gas-

Turbine Power Generating Station and the Expansion of the Transmission Grid

502/2006 30,000 - - 25,807 -

80 Agricultural and Fisheries Development in the Hadramout Coastal Area

508/2007 12,000 - - 614 568

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

7P/2007 3,000 - - 3,000 1,546

82 Sana’a International Airport Development (Phase II)

516/2007 47,000 - - 1 -

83 Development of the Coastal Road in Aden Governorate

520/2007 10,000 - - 2,128 240

84 Development of Water and Wastewater Facilities in Aden Governorate

526/2008 10,000 - - 407 -

85 Glass Factory in Sana’a Governorate (P) 9P/2008 3,175 - - 3,114 -

86 Taez International Airport Development 533/2008 7,000 - - - - 87 Major Intersections in Sana’a City

(Phase II)541/2009 8,000 - - 6,905 780

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 - 1 5,434 370

91 Protection of Sana’a City from Floods 550/2010 7,000 - - 5,757 -

92 Social Fund for Development (Phase IV) 560/2010 30,000 - - 25,015 -

93 Major Intersections in Sana’a City (Phase III)

562/2011 10,000 - - 5,173 -

94 Dhamar - Al-Husseiniya Road (Supplementary Loan)

563/2011 12,000 - - 4,915 -

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

564/2011 43,000 - - 27,988 -

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 - - - -

101 Expansion of Flour Mills at Saleef Port (P)**

13P/2014 4,000 4,000 - - -

102 Infrastructure Development in Sana’a City 606/2014 30,000 - - 4,301 - 103 Al Ghaydah Central Hopital 612/2014 6,000 - - - -




(KD 000)



Amountof Loan



Disbursements as at

31/12/2017

Repayments as at

31/12/2017

(9) Republic of Yemen104 Rural Roads Development (Phase IV) 613/2014 30,000 - - - -

105 Public Works (Phase IV) 614/2014 10,000 - - - -

Subtotal 927,875 24,610 1 553,337 283,093

(10) Republic of Lebanon1 Electricity Network* 38/77 6,000 - - 6,000 6,000

2 Beirut Port* 39/77 5,000 - - 5,000 5,000

3 Rehabilitation of Electricity Installations*

263/91 22,000 3,157 - 18,843 18,843

4 Reconstruction and Shelter Rehabilitation*

282/93 8,000 - - 8,000 8,000

5 Rehabilitation of Electricity Installations (Supplementary Loan)*

304/94 7,000 291 - 6,709 6,353

6 Zahrani Power Station* 305/94 30,500 - - 30,500 29,880

7 Saida and Sour Water Supply* 317/95 10,000 6 - 9,994 7,429

8 Technical and Vocational Schools* 323/96 15,000 - - 14,171 12,900

9 Administrative Rehabilitation of Public and Independent Agencies*

325/96 6,000 5 - 5,995 4,963

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

331/96 13,500 62 - 13,438 9,298

11 The Lebanese University Project (First Loan)*

355/97 23,000 - - 23,000 17,820

12 Syr El-Dania Jbab El-Homr / El-Hermel Road*

356/97 6,000 173 - 5,827 3,219

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

363/98 12,000 6,076 - 5,924 4,664

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

400/2000 8,000 - 28 4,169 4,149

15 Conveyance of Litani Water to Southern Lebanon

418/2001 31,000 - 1,280 30,138 5,270

16 Control Center for the Lebanese Power Network*

423/2002 7,000 - - 6,484 2,470

17 Infrastructure Upgrading in Beirut City 430/2002 17,000 - - 9,438 9,310

18 The Lebanese University Project (Second Loan)*

439/2003 6,000 1,583 - 4,417 2,445

19 Development of the Road Network and Main Intersections

449/2003 30,000 - - 22,310 11,180

20 Administrative Rehabilitation 495/2006 9,000 - 911 4,672 1,350

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

496/2006 25,000 - 1,836 13,161 3,550

22 Rehabilitation of Infrastructure Damaged by the Aggression

500/2006 30,000 - 1,127 17,776 -

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

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




(KD 000)



Amountof Loan



Disbursements as at

31/12/2017

Repayments as at

31/12/2017

(10) Republic of Lebanon24 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 - 424 3,940 680

26 Housing Project* 585/2012 34,000 - 34,000 34,000 -

27 Completion of Wastewater Facilities in Lebanon

600/2013 30,000 - 11 11 -

28 Conveyance of Litani Water to Southern Lebanon for Irrigation and Drinking Purposes (Elevation 800 Meters) (Supplementary Loan)

621/2015 32,000 - 4,407 4,407 -

Subtotal 489,000 36,353 44,024 308,324 174,773

(11) Kingdom of Morocco1 Telecommunications* 10B/75 3,000 802 - 2,198 2,198 2 Beni Amir Irrigation* 20/76 7,000 1,254 - 5,746 5,746 3 Agricultural Credit (First Loan)* 33/77 9,000 - - 9,000 9,000 4 Oujda Cement* 41/77 9,000 - - 9,000 9,000 5 Gharb Irrigation* 54/80 5,000 - - 5,000 5,000 6 Al-Houz Al-Awsat (First Loan)* 74/81 7,500 - - 7,500 7,500 7 Al-Houz Al-Awsat (Second Loan)* 76/82 7,500 - - 7,500 7,500 8 Potable Water to Rural Areas* 85/82 1,300 1,135 - 165 165 9 Fifth Pan-Arab Telecommunications

(Earth Stations)* 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 8,000 12 Mitigation of Earthquake Risks* 153/84 600 6 - 594 594 13 Ait Ayoub Dam for Irrigation and

Electricity* 168/85 15,000 4,787 - 10,213 10,213

14 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 3,100

18 Agricultural Credit (Third Loan)* 231/89 12,000 - - 12,000 12,000 19 Maja’ra Dam* 237/90 50,000 542 - 49,458 49,458 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 26,017

22 Rabat-Larache Motorway* 267/92 18,000 - - 18,000 18,000

23 Agricultural Credit (Fourth Loan)* 281/93 18,000 5,251 - 12,749 12,749




(KD 000)



Amountof Loan



Disbursements as at

31/12/2017

Repayments as at

31/12/2017

(11) Kingdom of Morocco24 Seedi Al-Shahid Dam* 290/93 18,500 2,697 - 15,803 15,803 25 Strengthening Internal Power Grid for

the Morocco - Spain Interconnection* 299/94 18,500 4,628 - 13,872 13,872

26 Loukkos Basin Agricultural Development (Second Loan)*

300/94 3,000 22 - 2,978 2,978

27 Al-Gharb Plain Irrigation (Phase II)* 303/94 20,000 537 - 19,463 18,881 28 Rabat-Fes Motorway* 306/95 23,000 3,123 - 19,877 19,318 29 Maja’ra Dam (Second Loan)* 315/95 17,000 2,990 - 14,010 12,747 30 Combatting the Effects of the Drought* 316/95 10,000 - - 10,000 10,000 31 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 10,906 33 Morocco-Spain Power Interconnection

(Supplementary Loan)* 337/96 7,000 3,428 - 3,572 3,216

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

344/97 15,000 5,886 - 9,114 7,494

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

345/97 15,000 8,796 - 6,204 4,890

36 Casablanca-Settat Motorway (Second Section)*

364/98 16,000 4,031 - 11,969 8,589

37 Development of Social Housing in Agadir City*

378/98 18,000 3,634 - 14,366 14,366

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

380/99 17,000 8,966 - 8,034 6,036

39 Mohammed V Airport Development* 389/99 10,000 623 - 9,377 4,817

40 Afourer Pumped Storage Hydro-Power Plant*

397/2000 25,000 2,736 - 22,264 15,064

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

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

421/2002 18,000 9,851 - 8,149 8,149

43 Rural Electrification* 446/2003 20,000 297 - 19,703 9,623 44 Tetouan - Fenidiq Motorway* 451/2003 14,000 5,386 - 8,614 8,614 45 Settat - Marrakech Motorway (Phase I)* 452/2003 30,000 15,167 - 14,833 14,833 46 Tangier Mediterranean Harbour -

Northern Highway Motorway* 460/2004 35,000 5,378 - 29,622 29,622

47 Werkan Dam to Supply Marrakech with Potable Water*

470/2004 7,000 1,044 - 5,956 2,764

48 Tangier Mediterranean Harbour - Northern Highway Motorway (Section Three)*

473/2005 20,000 2,921 - 17,079 17,079

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

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

486/2005 9,000 - - 9,000 3,430

51 Marrakech - Agadir Motorway (Second Loan)*

491/2006 31,000 - - 31,000 31,000




(KD 000)



Amountof Loan



Disbursements as at

31/12/2017

Repayments as at

31/12/2017

(11) Kingdom of Morocco52 Generalization and Integration of Information

Technology in Public School Education*498/2006 15,000 10,228 - 4,772 4,772

53 Rural Roads 503/2006 15,000 - - 14,439 4,300 54 Fes - Oujda Motorway* 512/2007 30,000 59 - 29,941 9,421 55 Water Supply for the Provinces of

Taounate, Chefchaouen, Sidi Kacem and Tanger Med Port

514/2007 15,000 - 490 11,999 3,645

56 Wadi Martil Dam* 517/2007 23,000 - - 20,292 3,500 57 Fes - Oujda Motorway (Taza - Oujda Section)* 534/2008 27,000 5,248 - 21,752 3,152 58 Expansion of Casablanca - Rabat Motorway* 538/2008 20,000 - - 20,000 2,850 59 Zerrar Dam* 540/2009 15,000 - - 14,061 1,290 60 Water Supply of Tangier & Tantan Regions* 546/2009 20,000 - 932 18,826 2,160 61 Berrechid - Beni Mellal Motorway* 549/2010 55,000 15,474 - 39,526 4,961 62 Dar Khrofa Dam* 556/2010 12,000 - 245 10,910 340 63 Tangier Med II Port* 558/2010 50,000 - - 50,000 2,860 64 High-Speed Train Tangier - Casablanca 568/2011 30,000 - 3,678 24,036 - 65 El Jadida - Safi Motorway 579/2012 30,000 - - 14,372 - 66 Water Supply of Tetouan Area 584/2012 7,000 - 2,772 4,108 - 67 Tangier Med II Port (Phase II) 602/2013 50,000 - - 5,874 - 68 Irrigation of the Chtouka AÏt Baha

Region with Desalinated Water 611/2014 50,000 - - - -

69 El Jadida - Safi Motorway (Supplementary Loan)

616/2014 30,000 - - 16,871 -

70 Water Supply to Chefchaouen and Neighboring Villages

617/2014 15,000 - 159 159 -

71 Nador West Med Port 622/2015 60,000 - 11,622 11,622 -

72 High-Speed Train Tangier - Casablanca (Second Loan)

637/2016 50,000 - 18,479 18,479 -

Subtotal 1,352,900 159,065 38,377 957,883 606,422

(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 10,106 6 Development of Suleimaniyah

Medical Center (First Loan)* 259/91 21,000 1,002 - 19,998 19,998

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 12,880 9 Transfer and Distribution of Water from

Al-Hidd Desalination and Power Station* 349/97 21,000 1,450 - 19,550 16,274




(KD 000)



Amountof Loan



Disbursements as at

31/12/2017

Repayments as at

31/12/2017

(12) Kingdom of Bahrain10 Interconnection of Al-Hidd Production

Facility to the Electric Grid* 360/97 10,000 1,112 - 8,888 7,490

11 Production and Utilization of Treated Sewerage Effluent*

367/98 15,000 3,842 - 11,158 9,358

12 Hidd Industrial Area* 370/98 25,000 - - 16,878 15,015 13 The Housing Project (Second Loan)* 381/99 20,000 - - 20,000 15,120 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 13,680

16 Khalifa Bin Salman Port* 465/2004 15,000 5,616 - 9,384 4,209 17 Upgrading the Electrical

Transmission Network*478/2005 14,000 7,000 - 7,000 3,090

18 Replacement of Sitra Causeway Bridge 504/2006 19,000 - - 8,888 - 19 Upgrading 220 kV and 66 kV

Electrical Transmission Network*544/2009 30,000 - 452 24,290 4,920

20 Development of Water Supply Network 575/2011 30,000 - 4,750 21,980 -

Subtotal 301,500 33,269 5,202 232,223 150,867

(13) Somali Democratic Republic1 Inter-Riverine Settlements*(1) 23/76 6,400 1,250 - 4,571 264 2 Hargeisa-Rorama Road* 35/77 2,500 - - 2,098 235 3 Goluen-Gelib Road (First Loan)* 36/77 5,500 - - 5,500 362 4 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 - 23,820 861

(14) Islamic Republic of Mauritania1 Nouadhibou Power Station* 21/76 5,200 - - 5,200 5,200 2 Nouakchott-Kiffa Motorway (First Loan)* 25/76 7,000 - - 7,000 7,000 3 Guelbs Iron Ore Production* 49/79 10,000 1 - 9,999 9,999 4 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

7 Fifth Pan-Arab Telecommunications (Earth Stations)*

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


* Completed Project. ** Fully Cancelled Loan. (P): Private Sector Project.(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.


(KD 000)



Amountof Loan



Disbursements as at

31/12/2017

Repayments as at

31/12/2017

(14) Islamic Republic of Mauritania8 Nouakchott Power (First Loan)* 105/82 3,000 - - 3,000 3,000 9 Nouakchott Power (Second Loan)* 106/83 2,300 - - 2,300 2,300 10 Telecommunications in Nouadhibou* 119/83 2,100 - - 2,100 2,100 11 Development Credit (First Loan)* 135/84 2,000 - - 2,000 2,000 12 Educational, Health and Veterinary Services* 139/84 4,500 2 - 4,498 3,095 13 Oases Development (Phase I)* 163/85 3,400 - - 3,400 2,288 14 Artisanal Fisheries Development in

Nouadhibou* 178/86 3,200 425 - 2,775 1,515

15 Nouakchott Telephone/Telex Exchanges* 186/86 2,800 - - 2,800 2,800 16 Guelbs Iron Ore Production (Second Loan)* 202/87 1,300 - - 1,300 1,300 17 Development Credit (Second Loan)* 203/87 1,000 723 - 277 277 18 Wilayas Electricity Supply* 216/88 7,500 - - 7,500 2,060 19 Boghi-Kehidi Road (Second Loan)* 219/88 3,100 12 - 3,088 1,081 20 Domestic Satellite Network* 227/89 5,000 11 - 4,989 1,507 21 Mhaoudat Iron Ore Production* 269/92 6,000 - - 6,000 6,000 22 Nouakchott-Akjojot-Atar Road* 289/93 6,500 28 - 6,472 1,600 23 Oases Development (Phase II)* 297/94 2,400 - - 2,400 2,250 24 Nouadhibou Water Supply* 313/95 10,000 - 273 9,925 8,416 25 Expansion of the Nouakchott Power

Generating Station* 336/96 4,600 63 - 4,537 4,117

26 Potable Water for the Interior Cities* 343/97 3,500 - 2 3,500 2,675 27 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 8,000 629 - 7,371 5,003

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

375/98 3,500 - - 3,327 2,156

30 Connecting Boghe to the Manantali Electrical Grid*

408/2001 4,000 20 - 3,980 1,957

31 Debt Reduction* 414/2001 14,000 - - 14,000 2,795 32 Nouakchott - Nouadhibou Road * 419/2001 16,000 435 - 15,565 7,285 33 Nouakchott Water Supply from the

Senegal River* 454/2003 30,000 - - 29,998 10,010

34 Expansion of Nouadhibou Power Generation Station

468/2004 7,000 - - 6,885 2,565

35 Nouadhibou Water Distribution Network* 475/2005 4,000 - - 3,748 1,274 36 Power Generation Stations for

Interior Cities* 481/2005 2,000 1,911 - 89 89

37 Atar - Tidjikja Road 509/2007 11,000 - 171 10,546 2,430 38 Developing Water and Road Services

in Rural Areas*510/2007 13,000 - - 13,000 2,345

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

511/2007 37,000 - 916 36,200 6,020

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

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


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


(KD 000)



Amountof Loan



Disbursements as at

31/12/2017

Repayments as at

31/12/2017

(14) Islamic Republic of Mauritania41 Drinking Water and Electricity Emergency

Project for the City of Nouakchott*523/2007 15,000 - - 14,336 3,040

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

531/2008 19,000 - 168 14,984 1,560

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

535/2008 10,000 - 59 9,379 1,080

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

547/2009 10,000 - - 9,757 1,040

45 Water Distribution Network in Nouakchott 555/2010 10,000 - 720 7,189 - 46 Upgrade of the Power Generation and

Transmission Systems in Nouakchott*569/2011 30,000 - 2,122 25,988 -

47 Supply of Drinking Water to the Region of Aftout Elcharghi*

570/2011 8,000 - 1,321 5,156 -

48 Water Supply of Eastern Cities and Villages from Dhar Basin

580/2012 20,000 - 2,584 14,249 -

49 Development of Power Generating Stations for Interior Cities

588/2012 3,000 - 13 1,846 -

50 Construction of a 30 MW Wind Farm in Nouakchott*

590/2013 14,000 - 2,071 13,916 -

51 Néma - Mali Border Road (Section III) 593/2013 9,000 - 779 1,759 - 52 New Nouakchott International Airport 595/2013 9,000 - 740 6,464 - 53 Drinking Water and Development of

Oases in Rural Areas601/2013 20,000 - 4,849 12,338 -

54 Construction of a Solar Power Station in Nouakchott and the Modernization of the Electrical System

610/2014 30,000 - 12,980 15,422 -

55 Development of Electricity Transmission and Distribution Networks

629/2015 33,000 - 2,638 2,641 -

56 Reinforcing the Electrical Interconnection between Mauritania and Senegal (Nouakchott - Tobien Line)

625/2015 30,000 - - - -

57 Construction of a Wind Farm in Boulenoir 632/2016 35,000 - - 3 - 58 Rehabilitation of the Guelb (1) Plant 641/2017 32,000 - - - - 59 Water Supply to the Cities of Laayoune

and Djiguenni, and Neighboring Villages644/2017 15,000 - - - -

60 Electrical Interconnection Between Nouakchott and Zouerate on 225 kV

645/2017 42,000 - - - -

Subtotal 647,700 5,809 32,406 401,447 129,480

(15) Sultanate of Oman1 Gas Utilization* 29/76 6,000 1,517 - 4,483 4,483 2 Murayrat-Sohar Gas* 59/80 3,000 - - 3,000 3,000 3 Telecommunications* 120/83 3,000 - - 3,000 3,000 4 Sohar-Buraimi Power Station* 129/84 3,000 27 - 2,973 2,973 5 Fisheries Development* 162/85 3,000 1,706 - 1,294 1,294 6 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




(KD 000)



Amountof Loan



Disbursements as at

31/12/2017

Repayments as at

31/12/2017

(15) Sultanate of Oman8 Natural Gas Utilization (Stage 2 of Phase IV)* 257/91 7,000 203 - 6,797 6,797 9 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 15,000 14 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 9,079 21 Dualization of Al-Amerat - Quriyat Road* 489/2006 20,000 17,175 - 2,825 2,825 22 Al Duqm Port** 501/2006 35,000 35,000 - - - 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 4,320 25 Infrastructure Facilities for Sumail

Industrial Estate576/2011 14,000 - 2,129 7,027 -

26 Housing Program* 605/2013 40,000 - 6,000 40,000 - 27 Development and Exparsion of Main Roads 636/2016 50,000 - 24,950 24,950 - 28 Transmission Lines of Desalinated Water

from Al Ghubrah to Al Seeb and from Barka to Ad Dakhiliya Governorate

639/2016 60,000 - 3,994 3,994 -

29 Development of Part of Road 32 in the Special Economic Zone of Duqm

646/2017 52,000 - 1 1 -

30 Reinforcement of Desalinated Water Transmission Lines in Ash Sharqiyah Governorates

649/2017 60,000 - - - -

Subtotal 593,500 164,513 37,074 228,959 137,307 (16) Palestine

1 Wadi Far’a Irrigation* 158/85 3,000 2,154 - 846 846 2 Widening and Strengthening of Salah

Eldin Road* 340/97 5,000 169 - 4,831 3,584

3 Development of Health Services* 341/97 3,000 1 - 2,999 1,998 4 Rehabilitation of the Education

Services* 342/97 3,000 - - 3,000 2,079

5 The Rural Development Project* 376/98 3,000 300 - 2,700 1,548

Subtotal 17,000 2,624 - 14,376 10,055



(KD 000)




Amountof Loan



Disbursements as at

31/12/2017

Repayments as at

31/12/2017

(17) Republic of Djibouti1 Third Pan-Arab Telecommunications* 67/81 1,000 - - 1,000 1,000 2 Djibouti Port Development* 89/82 1,500 - - 1,500 1,500 3 Fifth Pan-Arab Telecommunications

(Earth Stations)* 98/82 1,100 251 - 849 849

4 Expansion of Boulaos Power Station - Phase I*

116/83 3,000 491 - 2,509 2,509

5 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 - 287 287 9 SEA-ME-WE II Submarine Cable* 262/91 1,500 - - 1,500 1,406 10 Modernization of Boulaos Power

Station - Phase II* 373/98 3,000 1 - 2,999 1,923

11 Modernization of the Port of Djibouti (Phase IV)**

390/99 3,000 3,000 - - -

12 Social Housing* 395/2000 5,000 - - 5,000 2,928 13 Development of the Education Sector 412/2001 4,000 283 - 3,717 1,601 14 Modernization of Boulaos Power

Station - Phase III* 436/2002 3,000 83 - 2,917 1,355

15 Social Housing (Phase II)* 456/2003 6,000 - - 6,000 1,885

16 Boulaos Power Generation Station Project - (Fourth Phase)*

471/2004 4,000 21 - 3,979 1,263

17 Construction of Djibouti University 497/2006 5,000 - 312 4,557 1,040

18 Rehabilitation of Drinking Water Facilities in Djibouti City

532/2008 7,000 - - 7,000 180

19 Upgrade of the Power Generation and Transmission Systems in the City of Djibouti

551/2010 9,000 - - 57 -

20 Port of Tadjourah 577/2012 10,000 - 742 9,769 -

21 Rehabilitation of the Distribution Networks of Drinking Water in Djibouti City*

598/2013 10,000 - 2,498 9,595 -

22 Social Housing - Phase II (Supplementary Loan)

607/2014 1,000 - - 997 -

23 Social Housing in the City of Djibouti 618/2015 6,000 - 36 51 -

24 Port of Tadjourah (Supplementary Loan)

619/2015 3,000 - - - -

25 Completion of the Rehabilitation and Reinforcement of the Drinking Water Distribution Network in Djibouti

635/2016 20,000 - - - -

Subtotal 112,000 4,955 3,588 68,071 23,514

Grand Total 9,727,728 891,361 269,538 6,283,289 3,444,943



(KD 000)



No. Project / Country LoanNo.

Amountof Loan

Cancelled Loans and

Balances

DisbursementsDuring2017

Disbursementsas at

31/12/2017

Repayments as at

31/12/2017

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


Loans Extended to Finance Inter-Arab Projects 1974 - 2017

(KD 000)

ANNEX 6PAGE 1 OF 3



(KD 000)

ANNEX 6PAGE 2 OF 3


Amountof Loan

Cancelled Loans and

Balances


Disbursementsas at

31/12/2017

Repayments as at

31/12/2017

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

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




Amountof Loan

Cancelled Loans and

Balances


Disbursementsas at

31/12/2017

Repayments as at

31/12/2017

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 7,652 Yemen* 218/88 10,000 62 - 9,938 9,406

23 Jordan - Egypt Power Link:

Jordan* 233/89 10,500 - - 10,500 10,500 Egypt* 234/89 34,100 3,339 - 30,761 30,761

24 Tunisia - Libya Power Link:

Tunisia* 243/90 17,800 - - 17,800 14,040 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 13,872 Morocco(Supplementary Loan)*

337/96 7,000 3,428 - 3,572 3,216

26 Interconnection of Jordan - Syria Electric Power Grids:

Jordan* 311/95 19,500 - - 19,500 18,445 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 - - 4,142 4,142 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 (Aleppo - Kalas Section):

Syria 529/2008 10,000 - - 1,881 - 32 Electrical Interconnection Between the Arab Republic of Egypt and the Kingdom of Saudi Arabia:

Egypt 603/2013 45,000 - - - - Total 394,125 41,520 - 291,736 250,080

ANNEX 6PAGE 3 OF 3



(KD 000)


Grants Committed and Disbursed1974 - 2017

(KD 000)

ANNEX 7

Beneficiary No. of

GrantsAmount

Approved

Cancelled Grants

and Balances

Net Amount

Approved

Percent of Total

(%)

Total DisbursementsBalance

of GrantsDuring

2017Until

31/12/2017

A. National Grants

1 Hashemite Kingdom of Jordan 52 12,924 64 12,860 6.2 1,065 11,267 1,593

2 Republic of Tunisia 16 5,870 150 5,720 2.8 196 4,224 1,496

3 Algerian Democratic and People’s Republic 11 2,065 551 1,514 0.7 - 1,289 225

4 Republic of Sudan 25 13,702 963 12,740 6.2 386 12,034 705

5 Republic of Iraq 5 820 163 657 0.3 - 657 -

6 Kingdom of Saudi Arabia 9 1,520 118 1,402 0.7 - 852 550

7 Syrian Arab Republic 16 3,820 1,752 2,068 1.0 - 2,068 -

8 State of Libya 3 625 300 325 0.2 - 45 280

9 Arab Republic of Egypt 53 17,515 726 16,789 8.2 444 15,028 1,761

10 Republic of Yemen 51 17,256 559 16,697 8.1 300 10,643 6,054

11 State of Kuwait 33 3,996 7 3,989 1.9 39 3,257 733

12 Republic of Lebanon 45 20,191 2,588 17,603 8.6 234 10,968 6,635

13 Kingdom of Morocco 26 5,550 296 5,254 2.6 15 4,267 987

14 United Arab Emirates 7 194 9 185 0.1 - 185 -

15 Kingdom of Bahrain 14 2,310 265 2,045 1.0 - 1,845 200

16 State of Qatar 1 50 14 36 - - 36 -

17 Somali Democratic Republic 4 1,220 86 1,134 0.6 298 1,134 -

18 Islamic Republic of Mauritania 34 6,875 775 6,100 3.0 74 5,444 656

19 Sultanate of Oman 15 4,825 19 4,806 2.3 - 4,629 177

20 Palestine 173 28,545 1,077 27,468 13.3 - 27,409 59

21 Republic of Djibouti 7 1,150 42 1,108 0.5 - 1,108 -

22 Union of the Comoros 2 3,100 - 3,100 1.5 537 1,368 1,732

Total National Grants 602 154,123 10,522 143,601 69.8 3,589 119,759 23,842

B. Inter-Arab Grants 541 68,124 5,897 62,227 30.2 3,017 58,298 3,929

Total National and Inter-Arab Grants 1143 222,247 16,419 205,828 100.0 6,606 178,057 27,771

C.Urgent Program to Supportthe Palestinian People*

134,989 - 134,989 - 9,133 121,071 13,918

D.Program to support the Resistance of Jerusalem**

29,651 - 29,651 - 5,059 17,358 12,293

Grand Total 386,887 16,419 370,468 - 20,798 316,486 53,982

*Support decided by the Arab Fund’s Board of Governors to the Palestinian people, over the period 2001-2017.** Support decided by the Arab Fund’s Board of Governors to the resistance of Jerusalem, in 2010 and 2016.


Co-financing Activities of the Arab Fund1974 - 2017

Contributors Total Amount(KD Million)

Percentage(%)

1. (A) National and Regional Development Institutions

Arab Fund for Economic and Social Development 4,157.0 30.7

Kuwait Fund for Arab Economic Development 1,332.4 9.9

Abu Dhabi Fund for Development 361.9 2.5

Saudi Fund for Development 699.4 5.2

Islamic Development Bank 991.8 7.3

OPEC Fund for International Development 114.3 0.8

Iraqi Fund for External Development 5.0 *

Libyan Foreign Bank 3.0 *

Subtotal 7,585.8 56.7

(B) Other Arab Sources 749.5 5.5

2. International Financial Institutions

World Bank 759.5 5.6

International Fund for Agricultural Development (IFAD) 54.3 0.4

African Development Bank 698.3 5.2

Subtotal 1,512.1 11.2

3. Foreign Governments and their Development Institutions 3,599.2 26.6

Grand Total 13,525.6 100.0

* Less than 0.1%.

ANNEX 8


Contents

Member States, Governors and Alternate Governors ......................................................................3

Board of Directors ..........................................................................................................................5

Basic Financial Data on the Arab Fund as at 31/12/2017 ................................................................7

Overview of Arab Fund Activities ....................................................................................................8

• First: The Lending Program ...............................................................................................10

• Second: Grants ............................................................................................................18

• Third: Joint Arab Action ....................................................................................................26

• Fourth: Financial Statements for the Financial Year Ended 31 December 2017 ......................... 31

ANNEXES .....................................................................................................................................41

• Annex 1

Project Sheets for Loans Extended During the Year 2017......................................................43 • Annex 2

Capital, Resources and Status of Loans and Grants, 1972 - 2017 ..........................................60 • Annex 3

Summary of Loans Extended to Member States, 1974 - 2017 ................................................64 • Annex 4

Sectoral Distribution of Loans Among Beneficiary Member States, 1974 - 2017 ......................65 • Annex 5

Loans Extended to Beneficiary Member States, 1974 - 2017 .................................................67 • Annex 6

Loans Extended to Finance Inter-Arab Projects, 1974 - 2017 .................................................90 • Annex 7

Grants Committed and Disbursed, 1974 - 2017 ....................................................................93 • Annex 8

Co-financing Activities of the Arab Fund, 1974 - 2017 ...........................................................94

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arab fund · annual report 2017 9 grants the arab fund provided 32 national and inter-arab grants...

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