The Kuwait Fund for Arab Economic Development (KFAED) participated today, Friday, in the inauguration ceremony of the Andorkhaan Airport development and expansion project in Mongolia, marking a new phase in the ongoing partnership between the State of Kuwait and the Republic of Mongolia.

Key Project Details:

1. Funding Commitments:

   • Airport Project Grant: 1.06 million Kuwaiti dinars (~$3.4 million USD) provided by the Kuwaiti government and supervised by KFAED

   • Feasibility Study Grant: 80,000 Kuwaiti dinars (~$262,000 USD) for technical and economic assessments

2. Strategic Vision:

   • Upgrade Andorkhaan Airport to ICAO Category 4C international standards

   • Align with Mongolia’s 2050 Sustainable Development Strategy

   • Enhance regional connectivity in Khentii Province and beyond

3. Expected Impact:

   • Serve as a key economic driver for trade and transportation

   • Create long-term growth opportunities in Eastern Mongolia

Statements from KFAED:

Acting Director General Waleed Al-Bahar emphasized:

• "This project reflects our shared commitment to infrastructure development and regional prosperity."

• "The airport will be a vital hub, facilitating transport and stimulating economic activity."

Broader Kuwait-Mongolia Cooperation:

• Burn Center in Ulaanbaatar: Previously funded by Kuwait with a 2.6 million dinar grant (~$8.5 million USD)

• Cumulative Support:

  • Soft loans: 23.7 million dinars (~$77.6 million USD)

  • Technical assistance: 519,000 dinars (~$1.7 million USD)

Inauguration Attendees:

• Mongolian Minister of Road and Transport, Mr. Delgersaikhan Saikhan

• Kuwaiti Ambassador to Mongolia, H.E. Mutaib Al-Thuwaimer

• Senior officials from both governments