Kuwait is set to construct a $46.4m (KWD14m) water pipeline over the next two years.
The country's Minister of Oil and Minister of Electricity and Water, Essam Al-Marzouq, signed the contract to build the pipeline.
A pipeline stretching from a water distribution plant in Mina Abdullah to the areas of Julaiaa and Nuwaiseeb will be developed as part of the project.
A 30-month time frame has been set for the development.
The project is being carried out due to increasing demand for fresh water in Julaiaa and Nuwaiseeb.
Earlier this week, Al-Marzouq signed a deal to implement a refurbishment programme at the southern Al Zour power station in Kuwait.
The contract's total value is estimated at $33m (KWD10m), and its scope includes renovations of the power plant, wherein all its equipment and units will be upgraded to ensure maximal energy efficiency.
While details were not revealed about the outfit that would implement the refurbishment, Kuwait's state agency said that a 60-month time frame has been set for the contract.
This November, Kuwait Fund for Arab Economic Development (KFAED) signed a loan agreement, worth $42.5m (KWD12.5m), with Egypt.
Under the terms of the agreement, the loan will be used to fund an infrastructure project that will provide drinking water in Egypt’s Sinai Peninsula, particularly to residents of the city of Al-Arish.
The agreement, signed yesterday, is the 45thloan deal that Egypt has inked with the Kuwaiti fund, bringing the collective value of the aid it has received to $2.8bn (KWD833m), Kuwait News Agency (KUNA) reported, quoting KFAED's director general, Abdulwahab Al-Bader.
Commenting on the loan agreement, Dr Sahar Nasr, Egypt’s Minister of Investment and International Cooperation, noted that the project it would fund, and other projects of similar nature, would help improve the quality of life in the region.