Lebanon Businessnews News
 

KFAED finances Falougha-water dam
The fund will provide an $18 million loan to fund construction
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Mohammad Saddeqi, FAED's representative in Lebanon, said that "an agreement on the loan will be signed soon."

He said that the tank, with a capacity of one million cubic meters of water, will supply 35 towns across Mount Lebanon.

KFAED has provided 16 loans to the government at a total value of $550 million so far. The loans financed various infrastructure development projects. 

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Date Posted: Feb 02, 2010