The Kuwait Fund for Arab
Economic Development (KFAED) will allocate – under its future plans – about 50%
to 60% of its resources to supporting development and youths' projects in Arab states,
the KFAED director general said.
Abdel-Wahab Badr made the remarks during the inauguration of a session on projects management organized in tandem with the Youth Public Authority.
The session is arranged within the framework of the Humanitarian
for Arab Youth Award.
Badr underlined the
fund's full support to Arab youths' projects to contribute to achieving
development, especially in the field of small and medium sized enterprises (SMEs).
He expounded the
importance of supporting youths who represent the largest percentage of the
Arab and Kuwaiti population.
of the Youth Public Authority Abdul-Rahman Al-Mutairi said that the Humanitarian Action Center for Arab Youth Award was launched last September on
the third anniversary of naming Kuwaiti Amir Sheikh Sabah Al-Jaber Al-Sabah as "Humanitarian Leader" and Kuwait as the center
of humanitarian action.
He said 30 trainees implementing 10 projects serving humanitarian purposes were opted out to take part in the session.
The participants are from Cairo, Jordan, Oman, Yemen and Kuwait.
projects in the contest will be announced later on.
The first award
stands at $33,000, the second $23,000 and the third $16,600.