Kuwait Fund reiterates dedication towards Lebanon's progress and development
The Acting Director General of the Kuwait Fund for Arab Economic Development (KFAED), Waleed Al-Bahar, has recently visited Lebanon to follow up on projects financed by the Fund and grants provided by the Kuwaiti government. During his visit, Al-Bahar met with several senior Lebanese officials, including Minister of Economy and Trade Dr. Amer Al-Bassat, Minister of Finance Yassin Jaber, and Chairman of the Council for Development and Reconstruction Mohammad Qabbani.
The Kuwait Fund's intention is clear: to repair projects damaged by the war, specifically the Litani River project and the sewage treatment facility in the Marjayoun region of southern Lebanon. A technical delegation from the Kuwait Fund, along with local experts led by the Council for Development and Reconstruction, will continue preparing studies for initiatives such as the establishment of an archaeological museum in downtown Beirut.
The KFAED-funded projects aim to boost economic growth, enhance infrastructure, and improve essential services in Lebanon. Discussions are underway on a series of additional development projects that could receive Kuwait Fund support in the future. Minister Jaber confirmed that the Kuwait Fund's focus includes the repair of war-damaged projects.
Al-Bahar's visit is an opportunity for Kuwait to provide further assistance to Lebanon in its development efforts. The purpose of the meetings is to discuss the progress of projects and ways to strengthen development cooperation between Kuwait and Lebanon. The meetings with senior Lebanese officials are a part of the KFAED delegation's program during their visit to Lebanon.
The Kuwait Fund's engagement involves reviewing project progress through technical working groups, optimizing grant utilization, and exploring strengthened cooperation aligned with shared interests between Kuwait and Lebanon. This demonstrates a comprehensive and forward-looking development partnership to assist Lebanon’s reconstruction and economic recovery processes.
The establishment of an archaeological museum in downtown Beirut is one of the initiatives being prepared by the Kuwait Fund's delegation and local experts. Discussions are ongoing about additional development projects that may receive future support from the Kuwait Fund. The meetings with senior Lebanese officials are a testament to the Kuwait Fund's commitment to supporting development projects in Lebanon, emphasizing their vital role in economic growth, infrastructure enhancement, and essential services improvement.
The Kuwait Fund's focus includes the repair of war-damaged projects within the realm of finance and business, as evidenced by their intention to repair projects like the Litani River project and the sewage treatment facility in Marjayoun. Discussions are ongoing about additional business initiatives that may receive future support from the Kuwait Fund, such as the establishment of an archaeological museum in downtown Beirut, with the aim of boosting economic growth and improving essential services in Lebanon.
