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!



July 13, 2021

The US Federal Aviation Administration on Monday approved a license to Blue Origin, the company owned by the world's richest man, Jeff Bezos, to carry humans on its New Shepherd launch system into space.

June 29, 2021

Without marketing, most businesses will fail. Did you know that 9 out of 10 organizations fail? The goal of marketing is to get customers to know, love, and trust you.

June 24, 2021

Windows 11 supports Android apps, Windows 11 will arrive with a bunch of new features, and if you have an Android smartphone and a Windows PC, then one ad from Microsoft must have piqued your interest and want to upgrade your Windows 10 PC or Your...

June 18, 2021

Coding gets easier every day. We hardly remember those days when engineers had to think about the codes for weeks. Nowadays programming is even taught at schools. Applications and websites have become a part of our life.

June 14, 2021

How can you track and know that the Google ads you made and spent huge budgets on, have performed well and actually succeeded in achieving their goal of increasing sales and raising the conversion rate to the store?!

Load More Load More
Softimpact. All Rights Reserved © 2021

GET IN TOUCH

SITEMAP

© 2021, Softimpact. All Rights Reserved

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