Qatar will help revive Lebanon's struggling economy by rehabilitating the electricity sector and supporting reconstruction in the south, the Qatari prime minister announced after meeting his Lebanese counterpart.
01Summary
- 01Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani met Lebanese counterpart Nawaf Salam in Beirut on Friday.
- 02QatarEnergy has agreed with TotalEnergies to develop a solar power plant in Lebanon as an initial project.
- 03Lebanon's state electricity company has lost about $40 billion over decades and provides only a few hours of power daily.
- 04Qatar has given tens of millions of dollars to the Lebanese army since 2019.
- 05About 300,000 people remain displaced in Lebanon after the Israel-Hezbollah war, according to the International Organization for Migration.
02Why it matters
This matters because Lebanon's crumbling electricity sector is a major drag on the economy, and Qatari funding could stabilise power supply without adding to state debt, while reconstruction aid may help displaced people return home.
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