BEIRUT: Former Prime Minister Najib Mikati announced Monday the establishment of a $25 million investment fund aimed at boosting the economy in Tripoli.
“This will help in boosting the city’s economy by creating additional job opportunities,” he said, adding that the fund would help established and new businesses.
Mikati’s remarks came during a meeting held in the Chamber of Commerce, Agriculture and Industry in Tripoli to launch the fund. Mikati said the fund is considered to be the first step in attracting investment and reviving productive industries in the city.
Mikati added that the fund would be managed by a board of directors comprising Nicolas Nahas, Maher Mikati, Hoda Alameddine, Jamal Ramadan, Adel Afiouni and Tarek Saadi.
A version of this article appeared in the print edition of The Daily Star on July 22, 2014, on page 5.