Funds from Kuwait, Saudi Arabia and the UAE to pay for Kenyan road

A loan from Saudi Arabia will help fund construction of a major road link in Kenya. The US$27 million package is being provided on a 30 year loan by the Saudi Monetary Fund. This will be used to help pay for a $130 million project to build the new Mudogashe-Nunow road with work commencing in 2014.
September 16, 2013 Read time: 1 min
A loan from Saudi Arabia will help fund construction of a major road link in Kenya. The US$27 million package is being provided on a 30 year loan by the Saudi Monetary Fund. This will be used to help pay for a $130 million project to build the new Mudogashe-Nunow road with work commencing in 2014. The remainder of the funding required for the project will be supplied by sources in Kuwait and the UAE.
Finance & Funding Road Structures

Related Content

  • Saudi Arabia limestone production boost
    October 23, 2017
    Saudi Dolomite runs a processing plant in Abqaiq, which is located in the desert, 80km south-west of the capital of the eastern province of Saudi Arabia, Damman. Covering an area of 250,000m², the plant processes 5,000tonnes of material/day and runs its around-the-clock operation seven days/week.
    Read More
  • Series of new road deals for Saudi Arabia
    July 25, 2012
    The authorities in Saudi Arabia have set plans in motion for 119 road contracts worth a total of US$1.17 billion. The deals are for building new roads as well as maintaining existing links. Some $691.4 million will be used for maintenance work, while $478.6 million will be used to construct new roads. Seven road projects will be carried out in the province of Makkah, four in Qassim and another four in the Madinah province. Three road projects will be implemented in the Eastern province along with new road p
    Read More
  • Egis buys Projacs to boost its Middle East presence
    August 5, 2015
    French engineering group Egis has acquired 51% of Projacs, a major project and construction management firm in the Middle East. Egis, based in Guyancourt, north of Paris, made the purchase for an undisclosed sum. The move follows the purchase in Brazil of highways contractor Lenc at the end of last year. Projacs, founded in 1984, is based in the Gulf Cooperation Council countries of Saudi Arabia, Bahrain, Oman, Qatar, United Arab Emirates and Kuwait, but also operates in neighbouring countries. It
    Read More
  • Funding provided for Colorado Interstate work
    August 24, 2023
    Funding is being provided for Colorado Interstate work
    Read More

Highlighted Content