Kuwait Fund Driving Global Transition Toward a Low-Carbon Future

The Kuwait Fund for Arab Economic Development is taking a leading role in promoting global sustainability and environmental preservation through its extensive support for green and low-carbon initiatives. As the first development institution in the Middle East to engage in international development efforts, the fund prioritizes projects that align with global climate goals and the UN’s 2030 Sustainable Development Agenda. Recognizing the urgent threat posed by climate change, the fund focuses on financing initiatives that mitigate environmental degradation, reduce greenhouse gas emissions, and encourage the use of renewable energy sources. Among its notable environmental projects is the Budi Ganga Hydropower Project in Nepal, where the fund contributed 5 million Kuwaiti dinars ($16 million) to boost electricity generation through renewable hydropower. This initiative supports both economic growth and sustainable energy supply in the region. Similarly, the Cross-Border Sand and Dust Storm Adaptation Project, implemented in partnership with UN-Habitat, received 4 million Kuwaiti dinars ($12.8 million) to address the root causes of dust storms affecting Iraq, Kuwait, and neighboring countries—demonstrating the fund’s commitment to regional environmental resilience. In Jordan, the Kuwait Fund played a key role in managing a Kuwaiti grant of $135.5 million for the Ma’an Wind Power Project, helping the country diversify its energy mix, reduce dependency on fossil fuels, and curb harmful emissions. Meanwhile, in Sudan, the fund extended three loans totaling 62 million Kuwaiti dinars ($198.4 million) for the Merowe Dam Project on the Nile River, enhancing electricity generation capacity and reducing production costs through renewable hydropower. Through these initiatives, the Kuwait Fund reinforces its commitment to sustainable development by promoting cleaner energy solutions and supporting environmental protection. Its projects not only help partner countries transition to low-carbon economies but also contribute to global efforts aimed at achieving long-term energy security, ecological balance, and economic resilience.