Construction starts on KFAED-financed emergency center in S.Lebanon.By Omar Al-Halabi (with photos) BEIRUT, Nov 14 (KUNA) -- Kuwait Fund for Arab Economic Development (KFAED KFAED Kuwait Fund for Arab Economic Development ) representative in Lebanon Dr. Mohammad Sadeqi on Saturday said construction works for an emergency center south of the country have begun. The project is part of a USD-300-million grant by the State of Kuwait Noun 1. State of Kuwait - an Arab kingdom in Asia on the northwestern coast of the Persian Gulf; a major source of petroleum Koweit, Kuwait Arab League - an international organization of independent Arab states formed in 1945 to promote cultural and economic , footed for the rebuilding of Lebanon on the aftermath of the Israeli 34-day war in 2006 and the destruction it left behind. Works in the project in Bint Jbeil were launched today and would serve some 30 adjacent villages, Sadeqi told KUNA after a ceremony held in Barasheet town on the occasion. The emergency center includes a firefighting department and a maintenance room, as it will cost USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2.5 million to finish, he noted. The center is part of some other 53 projects financed by Kuwait under the supervision of KFAED. KFAED granted 16 easy loans to Lebanon with a total cost of USD 550 million, as the fund runs the seven grants to the country, which totals USD 406 million, a well as USD 11 million in the forms of grants and technical support. All KUNA right are reserved 2007. Provided by Syndigate.info an Albawaba.com company |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion