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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

Sadd Al-Qaismani dam was inaugurated in Lebanon's Faluqa town. [Image: KUNA]
Sadd Al-Qaismani dam was inaugurated in Lebanon's Faluqa town. [Image: KUNA]

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. 

 

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Construction Week - Issue 753
Nov 09, 2019