Friday 16 August 2019

PM Hariri: #Saudi, #UAE want to invest in Lebanon - Reuters

PM Hariri: Saudi, UAE want to invest in Lebanon - Reuters:

Saudi Arabia and the United Arab Emirates are looking to invest in infrastructure projects in Lebanon after ties have recovered, Lebanese Prime Minister Saad al-Hariri said in comments from his office on Friday.

Hariri, on a visit to Washington, also said there were negotiations “over financial and economic aid” with the United States, the Lebanese military’s biggest foreign backer. He did not elaborate.

After years of backsliding, heavily indebted Lebanon faces financial crisis without reforms to put public spending on a sustainable footing.

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