SoftImpact

Saudi Arabia and UAE to invest in up to 23 infrastructure projects in Lebanon

Saudi Arabia and UAE to invest in up to 23 infrastructure projects in Lebanon

August 21, 2019

Lebanese Prime Minister Saad Al Hariri said talks were under way with Saudi Arabia and the United Arab Emirates to invest in up to 23 infrastructure projects in Lebanon.

 

Hariri told reporters during a visit in Washington, according to a report by Reuters: “We will present to (Saudi and the UAE) the projects we have in Cedre because they want to contribute and invest. The relationship between us has returned to what it was before and may be better.”

 

Lebanese government is aiming to raise $11 billion in loans and grants to boost its reserves.

 

Hariri’s government, which has one of the world’s highest levels of public debt worth around 150% of GDP, is seeking to bring down its fiscal deficit. Parliament passed the 2019 state budget in July.

 

After years of low economic growth, Lebanon wants the funds promised by foreign donors in Paris for a capital investment program to overhaul its infrastructure, with projects tackling transport, water and power sectors.


LET’S START A NEW PROJECT TOGETHER!



March 10, 2023

Meta has announced that it has raised the maximum video length for short clips, "Rails" on its Facebook platform, to 90 seconds, after it was only 60 seconds.

February 28, 2023

Each one of us has been undoubtedly aware of the fact that a revolution is about to happen in the way we search for online information in view of the fact that AI is growing swiftly nowadays. As a consequence, Google and Microsoft recently...

January 31, 2023

Apple now allows you to protect your Apple ID and iCloud account with hardware security keys, a physical login technology that provides maximum protection from hackers, snoopers, and identity thieves.

January 19, 2023

An office dress code describes the level of formality of the clothes you can wear to work. Most workplaces do not keep a written code of exactly which items employees should wear; instead, they use broad terms like business professional, business...

January 16, 2023

Meta has introduced WhatsUp with WhatsApp, a new interactive developer series brings together everyone who wants to build with WhatsApp.

Load More Load More
Softimpact. All Rights Reserved © 2023 | Privacy Policy

GET IN TOUCH

SITEMAP

© 2023, Softimpact. All Rights Reserved | Privacy Policy

COME FOR A CHAT
COFFEE ON US...

Aamal Center, 6th floor,
Barbar Abou Jaoude Street
Jdeideh Highway - Lebanon
Contact Phone Tel: +961 1 890 888
Fax: +961 1 890 999
2, Genevis Street,
GENEVA COURT, Flat 301
3116 Limassol - Cyprus
Contact Phone Tel: +357 25 338 379
Fax: +357 25 338 379

FOLLOW US ON