LAUNCH OF IKLIM FUND FOR DEVELOPMENT AND INNOVATION

27 | Oct 2016
Debbiyyeh

IDAL, in collaboration with the Beirut Arab University Federation of Chambers of Commerce in Beirut and Mount Lebanon, Bank Egypt Lebanon, and Lebanon fund for Development and Innovation, sponsored today the launch of the Iklim Fund for Development and Innovation at the Beirut Arab University Campus in Debbiyyeh. In his word, Chairman Eng. Nabil Itani, declared that this initiative aims at enhancing sustainable economic development, thus resulting in a positive impact on social development, through the creation of a business environment that encourages young people to initiate projects and establish SMEs. He pointed out that the establishment of such funds contributes to the creation of a development scene with sustainable dimensions on the short and long terms, which will lead to ease displacement and migration, transfer technology and knowledge and exchange of experiences. The Fund's role is to assist in the implementation of investment projects across linked and consecutive services provided to the project.