Banks to provide $650mln loan for Kuwait wastewater plant – ZAWYA

Banks to provide $650mln loan for Kuwait wastewater plant – ZAWYA

Loan to finance the construction and operation of Umm al-Hayman Company for Waste Water Treatment project. DUBAI- A group of six local and international banks has agreed to provide a $650 million 26-year loan to finance the construction and operation of Kuwait's Umm al-Hayman Company for Waste Water Treatment project, three of the lenders said in a joint statement.. The consortium of banks is led by Al Ahli Bank of Kuwait , Commercial Bank of Kuwait and KfW IPEX-Bank.. Kuwait's Ministry of Public Works signed a public-private partnership with the project company last week to develop the plant, the statement from the lenders said..