(MENAFN- Kuwait News Agency (KUNA)) Kuwait Fund For Arab Economic Development (KFAED) and Lebanese Council for Development and Reconstruction (CDR) signed Tuesday a Memorandum of Understanding (MoU) to establish memorials in five sites to verify cooperation between Kuwait and Lebanon.
On the Kuwaiti side, the MoU was signed by Director General of KFAED
Abdulwahab Al-Bader and on the Lebanese side by President of CDR, Eng. Nabil El-Jisr.
El-Jisr hailed KFAED's role in Lebanon in documenting the cooperation between the two countries and peoples in various fields.
Kuwait has played a huge role in helping Lebanese civilians and rebuilding the country's infrastructure as well as supporting its economy, he added.
El-Jisr expressed appreciation to Kuwait's Amir, government and people.
For his part, KFAED's Chief affirmed Kuwait's persistence in supporting economic development in Lebanon via development projects, funded by KFAED.
He praised the CDR in following up KFAED's projects.
Upon their visit to Lebanon, Al-Bader and his accompanying delegation will open on Thursday the official school complex of Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah in Bir Hassan and a Kuwaiti school complex in al-Dahiya al-Janubiya with the cooperation of its municipality.
Moreover, KFAED has signed two loan agreements with Lebanon worth USD 87 million to restore electrical stations and finance small development projects.
The Kuwaiti delegation met during its visit with Lebanon's prime minister Najib Mikati in the presence of Kuwait Ambassador to Lebanon Abdul'al Al-Qana'ei, President of CDR Nabil El-Jisr, KFAED's Regional Director for Arab Countries Marwan Al-Ghanim and other officials.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.