(BEIRUT, LEBANON) — A delegation from the Kuwait Fund for Arab Economic Development (KFAED) signed two agreements to benefit Tripoli residents and Syrian refugees, according to the delegation director Abdul Wahab Al-Bader.
“The first is a loan to fund a project for the city of Tripoli, which is worth 5.5 million Kuwaiti Dinars,” al-Bader said. “The second agreement is a donation by the fund as part of Kuwait’s commitment to support Syrian refugees.”
The 18.7 million dollar loan will be used to finance a slaughterhouse project in Tripoli, according to the Kuwaiti News Agency. 19 million dollars will go to Syrian refugees.
The delegation met for a private meeting with Speaker Nabih Berri at his home in Ain al-Tineh before announcing the two agreements.
They also met with Prime Minister Tammam Salam at the Grand Serail where they discussed the progress of several Kuwaiti-funded development projects, including the training of governmental employees.
KFAED is also expected to finance a number of projects in southern Beirut, including an emergency center in Ghobeiry, the historical Beaufort Castle in Nabatieh and the project of Litani River in Bekaa Valley.
The delegation previously supported the Litani River Project in 2012, which is a $330 million first phase project that aims to channel channel from the Qaroun Reservoir to 340,000 residents in South Lebanon.
The second phase is expected to provide agricultural land with irrigation networks, facilities, and land rehabilitation.
Upon arriving, the delegation, headed by Director General Abdul Wahab Al-Bader, and including regional manager for the Arab Countries Marwan Al-Ghanim, was received by at the airport by Third Secretary in Kuwait Embassy Mohammad Al-Wogayan, representative of KFAED resident in Lebanon Nawaf Al-Dabous, and Chairman of Lebanon’s Council for Development and Reconstruction Nabil Al-Jesr.