Lebanon 'needs $20bn investment'

21 October 2010

Lebanese economy and trade minister has said that at least $20bn needs to be spent to improve the country’s basic infrastructure

Mohammed Safadi, Lebanese economy and trade minister has said that at least $20bn needs to be spent to improve the country’s basic infrastructure if the country does not wish to see its high growth “dwindle and vanish,” Reuters has reported. “Today, our main problem against future growth is basically the infrastructure and if we do not sort out the infrastructure, this growth that we’re witnessing today is going to dwindle today and will vanish,” Safadi told the Reuters Middle East Investment Summit.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications