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Tripoli warns against freezing development projects and “Ibda3” launches its micro-credit centre

19-5-2014

Economic circles as well as key social and business figures of Tripoli convened a press conference last week at the Chamber for Commerce, Industry and Agriculture of the North to warn against the decision taken by the Cabinet during its last session and which calls for freezing three major development projects in Tripoli namely the re-opening of the railroad, completing the land reclamation for the special economic zone, and the project to develop the Al Tall area.  The economic and trade union organizations warned against this move and asked the government to reconsider its decision as the city is in urgent need of such projects to create employment opportunities for the youth as well as contribute to the local economy especially after the massive losses to which Tripoli was subjected as a result of the various rounds of violence over the past years.
Within the same vein, the Minister of Social Affairs, Rashid Derbas, noted during the inauguration of the Ibda3 Company for micro-finance in Mina last week, his full support to the economic and business institutions.  He added that Tripoli was recently subjected to armed violence and is now calling for life.  For his part, Minster of Justice, Ashraf Rifi confirmed that the three development projects were listed on the Cabinet’ss agenda, but were postponed until next week and will definitely be endorsed.
Source: Al-Nahar, Al-Diyar, Al-Mustaqbal, Al-Diyar 19 May 2014

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