Kuwait-funded $23m dam opens in Lebanon
Up to 81% of Sadd Al-Qaismani's cost was funded by Kuwait Fund for Arab Economic Development through a $18.1m loan agreement inked in March 2010, it was confirmed
A Kuwait-funded project worth $23m (KWD6.9m) has been inaugurated in Lebanon's Faluqa town.
The Sadd Al-Qaismani dam was funded by Kuwait Fund for Arab Economic Development (KFAED).
KFAED's contribution covered 81% of the project's total cost.
The development was implemented through a loan agreement worth $18.1m (KWD5.5m) inked in March 2010, Kuwaiti state agency KUNA reported.
Lebanese Foreign Minister Gebran Bassil inaugurated the project, during a a ceremony attended by senior officials, including KFAED director-general Abdulwahab Al-Bader.