Lebanon Businessnews News

Seven industrial zones in
renovation. Dekwaneh first
$300 million to be financed

by international donors

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The Ministry of Industry (MoI) signed an agreement with the Municipality of Dekwaneh and the Lebanese Academy of Fine Arts (ALBA), part of Balamand University, to develop the industrial zone in Dekwaneh-Mar Roukoz.

Dany Gedeon, Director General at the Ministry, said: “This project is part of the Ministry’s plan to renovate and reduce pollution in seven industrial zones including Choueifet, Kfarshima, Mkalles, Taanayel, and others.” Dekwaneh municipality has taken the initiative to start the project. The ministry has started also working on the Choueifet industrial zone.

Gedeon said that $300 million will be required to renovate these zones. The ministry is negotiating with international donors like the World Bank, European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), and others to finance these projects.

In Dekwaneh, stakeholders will be working to carry out the master plan and surveys required to renovate the industrial zone, develop its infrastructure, reduce pollution, and enhance its services.

Companies in this zone will be subject to the rules and regulations by the MoI. It will also negotiate with donors to provide funds to develop and revamp the area. The Municipality of Dekwaneh will fund the master plan for the project and provide the field surveys needed to start the project.

ALBA will prepare the initial studies and determine what infrastructure is required, as well as estimating the cost of the project and the time needed for completion.
Reported by Rania Ghanem
Date Posted: Feb 21, 2018
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