Saudi Crown Prince Mohammed bin Salman, right, shakes hands with Lebanese Prime Minister-designate Saad Hariri as they attend the Future Investment Initiative conference in Riyadh, Wednesday, Oct. 24, 2018. (The Daily Star/Dalati & Nohra, HO)
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Hariri was speaking on a panel alongside Saudi Crown Prince Mohammad bin Salman and Bahrain's Crown Prince Salman bin Hamad bin Isa Al-Khalifa.However, the money is contingent upon reforms that the Lebanese government is expected to undertake, but that cannot be implemented until the new Cabinet is formed.Hariri stressed that the new Cabinet would be a reflection of the Parliament that was elected last May.According to Hariri, each $1 billion invested in Lebanon would lead to the creation of between 50,000 and 75,000 jobs.Lebanon's poor economic situation has led the country's GDP growth to dip as low as 1.5 percent, Hariri said. Joking with Hariri and the crowd, Prince Mohammed said that Hariri is staying in Saudi Arabia for two days for the investment forum.
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