Erdogan Tells Miqati Turkey Ready to Invest in Lebanon, Rebuild Beirut Port

W460

Turkish President Recep Tayyip Erdogan told Prime Minister Najib Miqati in a meeting in Ankara Tuesday that Turkish firms are ready to “execute infrastructure projects in Lebanon, including the reconstruction of Beirut's port.”

“A friend in need is a friend indeed… and we reiterate our firm stance in support of Lebanon,” Erdogan added.

“We want to reach all segments of the Lebanese society, without discrimination and in all fields, especially in the sectors of commerce, health, security and energy,” the Turkish leader said.

“We have great capabilities that we want to use with Lebanon,” he went on to say.

SourceNaharnet
Comments 3
Thumb gebran_sons 01 February 2022, 23:59

News media failure is beyond belief, even those promoting sovereignty. Not once a discussion of economic cost of political instability. Risk management is basic science, bread and butter of insurance & investment firms. Simple analysis shows cost of Hizbollah’s political risk & wars in the hundreds of $billions. Hizbollah is the reason western firms with good jobs left Beirut, why Arab & diaspora investment dried out and no sane industrialist will invest in automation, advanced machinery, industrial robots or R&D. Worst, Rafiq Hariri efforts to boost business reputation by rebuilding airport, infrastructure, Downtown, telecom were all destroyed by the basij. Like finding cockroaches in a 5-star Michelin restaurant. As to any long term investment (port, new industry, mini-silicon valleys, etc) the cost is 3 to 4 times higher when accounting for political risk & inflated interests. Unless Hizbollah disarmed, no recovery or justice possible. Liberate Lebanon first!

Thumb lebanon_first 02 February 2022, 17:45

Well said. Unfortunately we lebanese are experts at beating around the bush.

Thumb sevilla 02 February 2022, 01:15

Sort out your own economy first!