Middle East Economic Survey

VOL. LIII

No 14

05-April-2010

LEBANON

KFAED Funds Lebanese Dam Construction

The Kuwait Fund for Arab Economic Development (KFAED) has agreed to lend Lebanon KD5.5mn ($19mn) to fund the construction of a new embankment dam and water purification facilities as part of the Potable Water Project. The al-Qasaimi dam will be built near Hammana, with the associated purification plant having a capacity of about 12,000 cu ms/day. The dam and water plant are expected to cost...