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Former PM Mikati says fund established to support Tripoli's economic projects

21-07-2014 | 06:34

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Former PM Mikati says fund established to support Tripoli's economic projects

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Former Prime Minister Najib Mikati announced on Monday the establishment of a fund to support economic projects in Lebanon's northern city of Tripoli.

"The fund contains a sum of 25 million dollars," Mikati said in a press conference.

The fund will contribute to any economic project that works on creating job opportunities, Mikati said, noting that a team will oversee the fund and will be tasked with mulling projects and setting priorities.

The port city of Tripoli has long been a stronghold of Sunni Islamists in northern Lebanon.

But the city has become increasingly volatile in recent months due to the civil war in neighboring Syria, where the Sunni majority is leading a revolt against President Bashar al-Assad.

Disputes from neighboring Syria's civil war frequently inflame sectarian grievances in Tripoli. These clashes pit gunmen from both the mostly Sunni Bab Tabbaneh district and the Jabal Mohsen district which mostly comprises residents of Syrian President Bashar Assad's Alawite sect, a Shiite Islam offshoot.

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