ِِA Canadian delegation recently visited Lebanon, signing agreements worth a potential $10.5 million for projects in Lebanon.
The Quebec delegation, which included leaders from over 30 Canadian businesses, was in Lebanon as part of a regional tour that also encompassed the Maghreb nations Algeria, Morocco and Tunisia.
The Canadian province of Quebec is home to approximately 100,000 people of Lebanese descent, the Lebanon Daily Star reported.
“Our entrepreneurs have the will to diversify their markets and participate in the mission with the goal of forming alliances and strategic partnerships with their Lebanese counterparts,” remarked Guy Julien, Quebec’s Deputy Minister of Industry and Commerce.
Melkart Entreprises signed a letter of intent to build and equip a cancer-research center at the Notre Dame du Secours hospital in Byblos. The $10 million project is expected to create 50 jobs in Lebanon and 25 in the province of Quebec.
Hydro-Quebec utility signed a cooperation agreement with the Ministry of Energy and Water, to focus on hydraulic and hydroelectric projects, especially water barrages.
Lebanon imported $16.7 million worth of goods from the Canadian provinces in 1998 and 1999, with 20 percent of the total consisting of automobiles and pharmaceuticals. Lebanese exports to Quebec reached $6.7 million in 1999, with cement comprising half of this total.
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