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FINANCIAL NEWS
Italy to contribute up to USD100mn to Lebanon
10 Feb 2017
(MENAFN) The Italian government will contribute more than USD107mn for infrastructure and supporting Lebanon with the Syrian crisis in the coming year.
Furthermore, Italy’s support this year will involve contributing 75mn euros to finance new infrastructures and services and to offer 30mn euro in grants.
In addition, Italy is also committed to funding a project to build three industrial parks in Lebanon that has the potential to produce more than 30.000 jobs.
Since 2012 their country has contributed to the Syrian crisis response amid a budget of more than 66mn euros that permitted for the installation of more than 100 initiatives.
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