The Fund’s Board of Directors held its 1st Session for the year 2004 on Saturday, 17th April, 2004. The Board approved the following at its session:
Minutes of it’s 5th Session for the year 2003 held on Tuesday, 30th December, 2003 and approved on Sunday, 8th February, 2004.
Decision by Circulation No. 1 for the year 2004 for the financing of the Feasibility Study for the Bubiyan Port in the State of Kuwait. The Board also approved increasing this financing by the amount of KD 110,000/-.
Decision by Circulation No. 2 on the start of Fund operation in the Islamic republic of Iran, and the provision of 135 million Dollars in contribution to the Program of the Gulf Cooperation Council for financing the Reconstruction of the Earth Quake affected area in the Islamic Republic of Iran.
Minutes of the 1st Session for the Year 2004 for the Investment Committee held on 19.1.2004.
The Program for Training and Upgrading of the newly graduated Kuwaiti Engineers, and the allocation of KD 1 million to finance the program from the 2005-2006 budget.