Kingdom to finance a science college at Lebanese university

February 4, 2008

The Saudi Fund for Development today signed a $15 million loan agreement with the Lebanese Council for Development and Reconstruction to build a college of science at the Lebanese University in Tripoli.

In January 2007, Saudi Arabia agreed to provide $1 billion in aid to support development projects in Lebanon via the Saudi Development Fund, in addition to a $100 million grant to the Lebanese government.

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