Latest News
- Court Sentences Bank Employee To 5 Years For Embezzling 100,000...
- Fake ‘Sheikh’ Sentenced To 2-yr As Court Overturns Verdict
- Justice Ministry New Service On The Sahel App
- Ministry Probes 68 Cases Of Illegal Charity, Funds Collection
- Globally, Kuwait Is Among The Top Consumers Of Incense And Oud O...
- Decrease Seen In Foreign Investment
- Kuwait Customs Seized 2 Containers Laden With Tobacco At Shuwaik...
- Unpaid Salaries, Accountant Beaten Up By Workers
- The Sahel App Was Not Hacked, A Spokesman Claims
- Four Expats Arrested For Stealing Copper Cables Worth 60,000 Din...
- Indian National Died In Abdalli Car Accident
- Work Permits And Foreign Worker Transfers Are Amended By PAM
Some 1035 Projects Funded By Sme Fund At Cost Of Kd 177.1m
The National Fund for Small and Medium Enterprise Development since 2016-2019 has funded 1,035 projects at a cost of KD 177.1 million, reports Al-Qabas daily.
The daily quoting Minister of Commerce and Industry, the Minister of State for Services Affairs Khaled Al-Roudhan said KD 177 million had been spent on small and medium projects over the past three years.
The minister explained that commercial enterprises took the largest part of the fund with KD 61.2 million in financing some 411 projects, then service projects obtained KD 64.8 million to finance over 406 projects, while 147 industrial projects were funded with KD 38.2 million, KD 5.2 million for some 43 craft projects, and KD 7.5 million for 28 agricultural projects.
The minister said the fund had rejected 1,807 projects in the same period for various reasons, including lack of financial and technical studies, inaccurate or exaggerated assessment of expenses, unclear sale, marketing, and pricing policies, lack of experience and other factors
Â
SOURCE : ARABTIMES
Trending News
-
Eid Al Fitr 2024: Crescent Moon Not Sighted In Sau...
08 April 2024
-
Kuwait Implements Home Biometrics Services Ahead O...
14 April 2024
-
When Will Eid Al Fitr 2024 Take Place In Qatar, Ba...
08 April 2024
-
On Sunday, The Meteorological Department Warns Of...
07 April 2024
-
Kuwait Airways Provides Update On Flight Schedule...
14 April 2024
-
Kuwait Airways Introduces Convenient Home Luggage...
15 April 2024
-
Gathering For Eid Al-Fitr Prayers: Kuwaiti Citizen...
10 April 2024
-
Winners Of Kuwait National Assembly 2024 Elections
06 April 2024
-
An Egyptian Expat Dies At Kuwait's Airport
11 April 2024
-
Bay Zero Water Park Kuwait: Summer Season Opens Ei...
11 April 2024
Comments Post Comment