ITALY PROVIDES FUNDS FOR ‘THE DEVELOPMENT OF INDUSTRIAL ZONES’ PROJECT IN LEBANON

BEIRUT, Lebanon, – Italian Ambassador to Lebanon, Massimo Marotti, the United Nations Industrial Development Organisation (UNIDO) Representative for Lebanon, Mr. Cristiano Pasini, with the presence of the Minister of Industry, Dr. Hussein Hajj Hassan, and the President of The Council for Development and Reconstruction (CDR), Dr. Nabil El Jisr, announced a Euros 500,000 grant to UNIDO, to continue assistance to the Government of Lebanon, in establishing sustainable industrial zones in Lebanon.

The event was held at the Ministry of Industry. The new project, “Supporting the development of industrial zones – Phase II” will be implemented by UNIDO, in close coordination with the Ministry of Industry and the Council for Development and Reconstruction (CDR).

Building on the results of the first phase of the project, UNIDO will continue to provide technical assistance and advisory support to the Government of Lebanon, in deploying a national industrial zone development strategy and advisory support for sustainable industrial zones development and management.

“The Minister of Industry asked UNIDO’s support in their efforts towards the development of sustainable Industrial Zones and, in doing so, provide a platform to foster Inclusive and Sustainable Industrialisation (ISID) and create job opportunities,” said Pasini. “We were happy to acknowledge that, as result of our technical cooperation in the first phase of this project, the European Investment bank (EIB) will provide a 52-Million-Euro loan to the Government to build the required infrastructure.”

Pasini also said, in the new phase the Ministry of industry and other stakeholders will be exposed to best practices and international experiences in industrial zone development.

Massimo stressed on the importance of supporting the Lebanese government, in its effort to promote job creation and to provide the youth with new job opportunities. “Italy supports the development of industrial zones in Lebanon. In the first phase we granted 500,000 Euro for the feasibility study by UNIDO, and we are happy to also fund the second phase.”

Source: NAM NEWS NETWORK