INVESTORS MEET THE PRIME MINISTER TO IMPROVE THE BUSINESS ENVIRONMENT
At IDAL we are committed to improve Lebanon’s business environment by facilitating all administrative procedures for investors, listening to them and anticipating their needs. It is with this faith that we organized a delegation of 15 businesses from various sectors, who benefited from IDAL’s bundle of incentives within the last couple of years, to meet with H.E. Prime Minister Mr. Saad Hariri and to discuss with him improvements to the business environment, which he took wholeheartedly and with certainty.
The meeting was in the presence of the Chairman of IDAL Mr. Nabil Itani and the Prime Minister’s Development Advisor Mr. Fadi Fawaz; it took the form of an open discussion whereby investors presented solutions to improving the doing business environment in order to increase the competitiveness of Lebanese companies in international markets. Next steps include putting together a task force from the Prime Minister’s Office and IDAL to coordinate with respective ministries to implement the recommended measures.
Tourism: Summerland Kempinski Hotel and Resort
Agro Industry: Wilco PM, Castania, Al Rifai, Master Chips Daher Foods, Hawa Chicken
Industry: Kfoury Metals, Glasspack, Matelec, Advanced Plastic Industry, A.R. Jubeily & Co.
Pharmaceuticals: Algorithm, Arwan Pharmaceutical Industries, Benta Pharma Industries, UTRIX
Improvements include those pertaining to:
- The protection of Lebanese manufacturing and products
- The provision of the right infrastructure such as energy
- Exports facilitation through implementing bi-lateral agreements and forging new ones
- Support in trade exhibitions