Bahrain has secured a 19.8 million Bahrain dinars (USD52.5 million) loan from the Kuwait Fund for Arab Economic Development. The loan will be used to upgrade the country’s electricity network. It will finance the construction of 39 new substations, installation of 1,850 kilometers of cables and renovation of 11 substations, Gulf Daily News reports.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.