Thursday, July 12, 2018

China looks to invest in north Lebanon

The Daily Star - Jul. 12, 2018

BEIRUT: The long-mooted revival of the railway between Tripoli and the Lebanese-Syrian border may have finally found an investor, with profound implications not only for the economy of north Lebanon but for the balance of power in the wider Middle East.  “We have a proverb saying, “If you want to get rich, build a road,” said Eliana Ibrahim, president of the China Arab Association for Promoting Cultural and Commercial Exchange. Ibrahim told The Daily Star that a Chinese company is ready to submit a proposal to finance the reconstruction of a much-discussed railway from Tripoli to the Lebanese-Syrian border, although she said the bid was “not at the stage” where she could name the company.