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TRANSCRIPT
HEADLINES
1. INVESTMENT CLIMATE IN LEBANON
2. INVESTMENT CLIMATE IN TRIPOLI
3. ABOUT IDAL
4. WHAT ARE THE INVESTMENT OPPORTUNITIES?
5. CONTACT US
FREE MARKET ECONOMY
NON-INTERVENTIONIST STANCETOWARD PRIVATE INVESTMENTS
ONE OF THE MOST LIBERAL INVESTMENTCLIMATES IN THE MIDDLE EAST
GDP AT CURRENT PRICES (USD BILLION): 49.9
GDP/CAPITA (CURRENT USD): 11,067
REAL GDP GROWTH: 2.0%
AVERAGE INFLATION RATE: 1.9%
TRADE BALANCE (USD MILLION): -17,181
FDI INFLOWS (USD BILLION): 3.01
UNEMPLOYMENT RATE (AVG.%): 13%
ECONOMIC PROFILE& SYSTEM (2014)
IDAL 2016INVESTMENT CLIMATE
Source: IMF, Ministry of Economy and Trade, Ministry of Finance, UNCTAD, CAS, ABL, ESCWA
FOREIGN INVESTMENT TO LEBANON HAS SUSTAINED ITS POSITIVE FLOW DESPITE A REGIONAL AND WORLDWIDE DECLINE IN FDI
FDI INFLOWS TO LEBANON (USD BILLION) (2006-2014)
Source: UNCTAD - World Investment Report 2015IDAL 2016
INVESTMENT CLIMATE
IN FACT FDI % GDP WAS THE HIGHEST IN LEBANON COMPARED TO ITS REGIONAL PEERS, HIGHLIGHTING THE IMPORTANCE OF FDI TO OUR ECONOMY
FDI AS % OF GDP (2014)
Source: UNCTAD - World Investment Report 2015
IDAL 2016INVESTMENT CLIMATE
REAL ESTATE AND TOURISM ARE THE TOP SECTORS OF INTEREST FOR FOREIGN COMPANIES THAT ESTABLISHED THEIR BUSINESS IN LEBANON
DISTRIBUTION OF FOREIGN COMPANIES BY SECTOR (2003-2015)
Source: IAIGC Report 2015 IDAL 2016INVESTMENT CLIMATE
HEADLINES
1. INVESTMENT CLIMATE IN LEBANON
2. INVESTMENT CLIMATE IN TRIPOLI
3. ABOUT IDAL
4. WHAT ARE THE INVESTMENT OPPORTUNITIES?
5. CONTACT US
SOCIO-ECONOMIC INDICATORS
IDAL 2016INVESTMENT OPPORTUNITIES
Employment:11% of the Lebanese workforce is located in North.
More than 30% of the labor force is engaged in services related activities, 23% in trade activities, 14% in the industrial sector and 13% in agricultural activities.
Unemployment Rate: 35%
Youth Population in Tripoli: 50,330 - (19%)
Youth Population in all North Governorate: 153,369
Area:The North area accounts for 2024 km2 consisting 19.4% of the total Lebanese land.
Population:The North has a population of around 807,206 constituting 18.3% of the total Lebanese population.
Source: UN Office for the Coordination of Humanitarian Affairs (OCHA)
GEOGRAPHY & POPULATION: Population of 807,206, accounting 18.3% of the total Lebanese population
IDAL 2016INVESTMENT CLIMATE
Tripoli
Area: 27 Km2 (10 sq. mi.)
Population: 264,895
Capital: Tripoli
Topography: overlooks the eastern Mediterranean Sea
Akkar
Area: 788 km2 (304 sq. mi.)
Population: 252,917
Capital: Halba
Topography: large coastal plain, with high mountains to the east
Miniyeh-daniyyeh Area: 409 Km2 (158 sq. mi.)
Population: 118,683
Capital: Miniyeh
Topography: mountainous district
BcharrehArea: 158 Km2 (61 Sq. mi.)
Population: 46,125
Capital: Bcharreh
Topography: mountainous with most of its 26 villages at an elevation higher than 1,000 meter
Batroun
Area: 287 Km2 (111 sq. mi.)
Population: 21,242
Capital: Batroun
Topography: Costal district
Koura Area: 173 Km2 (67 Sq. mi.)
Population: 48,215
Capital: Amioun
Topography: 3 types of land, a coastal side to the Mediterranean sea, a large olive plain and includesome villages in the mountains. an elevation higher than 1,000 meter
Zgharta Area: 182 Km2 (70 sq. mi.)
Population: 55,129
Capital: Miniyeh
Topography: hill between two rivers, Rachine and Jouiit that enriches the land with orange and olives cultivation
Source: UN Office for the Coordination of Humanitarian Affairs (OCHA)
WITH HIGHER DENSITY IN TRIPOLI
IDAL 2016INVESTMENT CLIMATE
Distribution of the population in North Lebanon by Region
(%)
Distribution of area size of North Lebanon by regions
(%)
Distribution of density of North Lebanon by regions
(%)
Source: UN Office for the Coordination of Humanitarian Affairs (OCHA)
TOPOGRAPHY OF THE REGION
IDAL 2016INVESTMENT CLIMATE
Topography
The soil classification in the North varies between very good on the coast and medium as we move further to the interior making it suitable for various agricultural needs.
Currently orchards and vines can be mostly found along the shore whereas field crops are situated inland.The geographical diversification of the North and the presence of rivers, natural zones, valleys and mountains make the region appealing to all kinds of investments, ranging from agricultural to industrial projects.
Source: CDR Master Plan
SOCIO-ECONOMIC INDICATORS (CONT’D)
IDAL 2016INVESTMENT CLIMATE
Population Density
The population of the North is allocated between its various regions. The shoreline including Tripoli encom-passes the highest density and as we move away from the sea, the resident population density declines.
Poverty Rate SHARE OF MOHAFAZAT FROM TOTAL POOR HOUSEHOLDS (%) (2009)
Source:“Poverty, Growth and Inequality”UNDP & MoSA, 2009
MAIN INDUSTRIES: FURNITURE AND AGRO FOOD
IDAL 2016INVESTMENT OPPORTUNITIES
Cultivated areas 65,433 hectares, (26%) of total cultivated areas in Lebanon and 46% of total irrigated areas.
Source: Lebanese Industrial Survey 2007 Source: Ministry of Agriculture
Note: Latest available figures
DISTRIBUTION OF INDUSTRIAL COMPANIES IN THE NORTH (%) (2007)
CULTIVATED CROPS IN THE NORTH(% SHARE) (2009)
FOREIGN INVESTMENTS IN THE NORTH STILL AT THEIR INFANCYBUT WITH POTENTIAL TO GROW
IDAL 2016INVESTMENT OPPORTUNITIES
Company Sector Activity Description Activity in Lebanon Investment Size Number of Jobs Created
Landmark Group
Gulf tainer
Retail
Port Management /logistics
Founded in 1973 in Bahrain, the Conglomerate Landmark Group (Max, Splash, Babyshop…)has successfully grown into one of the largest retail organizations in the Middle East, Africa and Indian Subcontinent
A privately owned United Arab Emirates (UAE) enterprise established in 1976, is a rapidly expanding, dynamic ports and logistics company
3-floor shopping destination, Max Tripoli expands over 1,801 sqm, bringing to life an impressive showroom that displays the latest fashion trends
It starts in 2012 managing container terminals in Tripoli Port.It has launched studies to develop an additional 300 meter-long quay
USD 4,100,000
USD 46,500,000
92
400
Qleyaat Airport
Capacity: Consists of a runway capable of receiving 1 million passengers and 200 000 tons of freight per year.
Status: In 2012, the Lebanese Cabinet announced plans to restore the airport to be used for cargo and low-cost airlines.
INVESTMENT ENABLERS
IDAL 2016INVESTMENT OPPORTUNITIES
The Tripoli or Rachid Karame International FairLocation: on an area of 1,000,000 meters square is considered.
Status: 5th among the largest exhibition centers in the world in terms of dimensions and variety of constructions. Since its reactivation in 1995, the TIF hosted many international fairs as well as international cultural activities. This in turn provides the city with the opportunity to make the city an important business pole.
The Port of Tripoli
2nd port in Lebanon after the Port of Beirut.
Capacity: One dock and 8 berths.In 2015, the port of Tripoli accounted for 5.6% (157,000tons) of Lebanon’s imports and 8.7% (165,300 tons) of total exports.
Location: Only 30 km away from the Syrian border, it is accessible to the Gulf and the Arab World, with lowtaxes and tariffs.
TRIPOLI A POTENTIAL HUB TO SERVE A MARKET OF 200 MILLION PEOPLE
Population (‘000):
• Turkey: 75,837• Syria: 21,987 • Iraq: 34,769• Jordan: 7,505• Egypt: 83,387
Source: UN Data
HEADLINES
1. INVESTMENT CLIMATE IN LEBANON
2. INVESTMENT CLIMATE IN TRIPOLI
3. ABOUT IDAL
4. WHAT ARE THE INVESTMENT OPPORTUNITIES?
5. CONTACT US
THE GOVERNMENT OF LEBANON, THROUGH IDAL, OFFERS INVESTORS A RANGE OF FACILITATION SERVICES AND FISCAL EXEMPTIONS
ABOUT USThe National Investment Promotion Agency of Lebanon
HISTORYEstablished in 1994 with the aim of promoting Lebanon as a key investment destination and attracting, facilitating & retaining investments in the country
GOVERNANCEIDAL reports to the Presidency of the Council of Ministers(who exercises a tutorial authority over it) and has financial andadministrative autonomy
LEGISLATIONInvestment Law No. 360 was enacted in 2001 to regulate investment activities in Lebanon
IDAL 2016ABOUT IDAL
OUR MANDATESINVESTMENT PROMOTION Provide economic, commercial and legal information of relevance to investors
Identifies business opportunities across various economic sectors
Provide in depth analysis of sectors
Grant fiscal exemptions and fees reduction to investment projects
Facilitate issuance of permits and licenses
Provide on-going support for investment projects
Actively promotes Lebanon as key investment destination
EXPORT PROMOTION Provide data on external markets
Support companies in accessing external markets
Subsidize participation in foreign fairs
IDAL currently has in place 3 export promotion programs:
1. Agri Plus (2012): Which provides subsidies and support to exporters of agricultural products
2. AGRO MAP (2004): Which subsidizes the participation of agro food companies in foreign fairs licenses
3. M LEB MAP (2015): Which provides subsidies and support to exporters of Lebanese products to the Gulf countries and Jordan
IDAL 2016ABOUT IDAL
IDAL HAS 4 EXPORT PROGRAMS
Provide Agro Food exporters with the opportunity to market their products in international fairs
Introduce Lebanese products to foreign buyers and investors
Introduce local producers to latest technology
Support Lebanese exporters in the marketing of their agricultural products in regional and international markets
Subsidizes the difference between land-route transport cost and maritime transport cost before the closure of borders,for both agricultural and industrial exports to theArab Countries
Provides Lebanese producers of olive oil, dried fruits, canned food, jams, wine, and nuts with the opportunity to export their goods for china
AGRO MAP(2004)
Agro Food
AGRI PLUS(2012)
Agriculture
M.LEB(2015)
Agriculture, Agro Food & Industry
The Chinese Loan Repayment (2015)
Agro FoodIDAL 2016
ABOUT IDAL
AGRO MAP PROGRAM (2004)
The Agro Food sector is a major contributor to the Lebanese economy. In 2011, it generated an estimated 26.3% of the industrial sector output (6.47% in the North) and around 2.2% of the country’s GDP (0.54% in the North), and accounts for 25% of the Industrial sector workforce (6.15% in the North).
Key Objectives
Modus Operandi
Beneficiaries
Provide Agro Food exporters with the possibility to market their product in international fairs Introduce Lebanese products and market to foreign investors and buyersIntroduce local producers to latest technology
and increase awareness on external regional competitionIncrease the export potential of existing exporters and provide the opportunity fro non-exporting companies to access new markets
IDAL covers a portion of the cost incurred by exporters/exhibitors mainly those related to rental costs, construction of Lebanese stand/booth, and marketing materials
The support is directly provided to the syndicate which then reimburses participants on the agreed amount
The program directly targets exporters of agro food products registered at the syndicate of Lebanese Food Industrialists.
Producers who are not members of the SLFI cannot benefit from IDAL’s support
IDAL 2016ABOUT IDAL
AGRI PLUS PROGRAM (2012)
The Agriculture sector generates around 4.7% of Lebanon’s GDP. It is an important employer, with around 100,000 household members benefiting from agriculture production and proceeds
Key Objectives
Modus Operandi
Beneficiaries
Production Streamlining:provide exporters with adequate training to improve quality of production and foster the growth of new products that meet regional and international demandPackaging Improvement:support exporters in improving packaging and
Provide financial and technical support
Fruit and Vegetable ExportersOlive Oil ExportersHoney Exporters
It has an annual estimated budget of 32 Million USD
cooling centers to meet international norms of qualityMarketing & Promotion:promote the sector regionally and internationally in addition to providing the needed technical and financial support for exporters to participate in food fairsFinancial Support:to cover portion of the packaging cost
Egg ExportersFlowers and Plants Exporters All Cooperatives
IDAL 2016ABOUT IDAL
M.LEB - MARITIME BRIDGE PROGRAM (2015)
This program consists of subsidizing the difference between land-route transport cost and maritime transport cost before the closure of the borders, for both agricultural and industrial exports to the Arab countries
Key Objectives
Modus Operandi
Beneficiaries
To ensure the flow of Lebanese products to traditional markets, particularly to the Gulf countries and JordanMaintain consumer confidence in these markets in the Lebanese agricultural and industrial products
Confirm the credibility of the Lebanese industrialists, agricultural producers and Lebanese toward their partners in these markets and their obligations to others
Contribute to open a regular shipping line between the Lebanese ports and ports of the target markets for the transfer of Lebanese products Around 35 trucks loaded with Lebanese products will be transferred on a daily basis to the target
market locationsProvide a direct financial support to the vessels (RoRo and RoPax) loaded with trucks transferring the Lebanese products
Agricultural exporters enrolled and not enrolled in the“AgriPlus” ProgramIndustrial Exporters
Agro-Food ExportersShipping and Land Transport CompaniesMarine Transport Companies
IDAL 2016ABOUT IDAL
THE CHINESE REPAYMENT LOAN (2015)
Beneficiaries Any Lebanese producer of the following product: olive oil, dried fruits, canned food, jams, wine, and nuts
Lebanese government’s repayment of the Chinese loan will be managed by IDAL. Through this program, Lebanese producers will export their products to China, such as olive oil, wine, dry canned fruits and different types of Jam.
Key Objectives
The Chinese loan repayment program provide Lebanese producers of olive oil, dried fruits, canned food, jams, wine, and nuts with the opportunity to export their goods to China
Modus Operandi
Lebanese manufacturers of the mentioned products, wishing to export to China through this program, are requested to contact us for affiliation requirements and fill the relevant application form before February 20, 2016
IDAL 2016ABOUT IDAL
IDAL OFFERS INVESTORS A RANGE OF SERVICES THROUGHOUT THEIR DIFFERENT STAGES OF OPERATION
1 PRE-INVESTMENT STAGEMARKET INTELLIGENCE
Information on investment opportunitiesData on economic sectors with growth potential Legal, financial, industrial information Data on investment climate.Business Matchmaking support
2 FINANCING STAGE PACKAGE OF INCENTIVES
FISCAL INCENTIVES: Exemptions from corporate income tax generated by the project which can go up to 100% exemption for 10 years
FINANCIAL INCENTIVES:Fees reductions such as reductionon land registration fees
NON-FINANCIAL INCENTIVES: Employees for the project are granted work permits with the support of IDAL
3 LICENSING ANDAFTER-CARE STAGEONE STOP SHOP
IDAL serves as a One Stop Shop for Investors. We supersede all public administrations, authorities and municipalities in issuing administrative permits and licenses except those granted by the Council of Ministers.We follow up with investors after thestart of their operations
IDAL 2016ABOUT IDAL
IDAL 2016ABOUT IDAL
EIGHT SECTORSARE ELIGIBLEFOR OURINCENTIVES
IDAL PROVIDES INCENTIVES TO EIGHT SECTORS WITH GROWTH POTENTIAL AND READINESS FOR DEVELOPMENT
THESE SECTORS WERE INCLUDED IN LAW N.360 IN 2001
1. REGION & SECTOR BASED INCENTIVE
• Also called Investment Projectsby Zone (IPZ)
• Provided to projects based on:(1) Geographical location across 3 Zones:A, B, C(2) Investment size(3) Sector
INCENTIVES PROVIDED
• Up to 100% tax exemptions for 10
years for projects located in remote areas (Zone C)
• Work Permits granted
OUR INCENTIVES
IDAL 2016ABOUT IDAL
TWO TYPES OF INCENTIVE SCHEMES:
TWO TYPES OF INCENTIVE SCHEMES:
2. JOB CREATION BASED INCENTIVE
• Also called Package Deal Contract
(PDC)
• Provided to projects based on: (1) Investment size (2) Number of jobs created (3) Sector
INCENTIVES PROVIDED
• 100% exemption of Income Tax
• 100 % exemptions on Taxes on Project Dividends for up to 10 years
• Up to a 50% reduction on Work and Residence Permit Fees
• Up to a 50% reduction on Construction Permit Fees
• Full exemption from Land Registration Fees
IDAL 2016ABOUT IDAL
OUR INCENTIVES
REGION BASED INCENTIVEInvestment Projects by Zone (IPZ)
EIGHTS SECTORS ARE ELIGIBLE FOR OUR INCENTIVES
INCENTIVES GRANTED BASED ON GEOGRAPHICALDISTRIBUTION AND INVESTMENT SIZE
IDAL 2016ABOUT IDAL
Work permits forall categories.
Full exemption from corporate income taxfor a two-year period provided that at least 40% of the company’s shares are listed on the Beirut Stock Exchange.
Work permits forall categories.
A 50% reduction on corporate income tax and taxes on project dividends for a five-year period.
Full exemption from corporate income tax for two additional years provided that at least40% of the company’s shares are listed on the Beirut Stock Exchange.
Work permits forall categories.
Full exemption fromcorporate income tax and taxes on project dividends for aten-year period.
Full exemption from income tax for two additional years provided that at least 40% of the company›s shares are listed on the Beirut Stock Exchange.
JOB CREATION & SECTOR BASED INCENTIVEPackage Deal Contract (PDC)
INCENTIVES GRANTED BASED ON JOB CREATION & SECTOR BASED
IDAL 2016ABOUT IDAL
100% Exemption on Income Tax for up to10 years
Up to 50% Reduction on Construction Permit Fees
Up to 50% Reductionon Work and Residence Permits
Zero LandRegistration Fees
100% Exemption on Taxes on Project Dividends for up to10 years
Obtaining Work Permits of all categories
JOB CREATION & SECTOR BASED INCENTIVEPackage Deal Contract (PDC)
ELIGIBILITY CRITERIA
IDAL 2016ABOUT IDAL
1.7 BILLION USD WORTH OF PROJECTS FACILIATED BY IDAL
Source: IDAL’s CalculationsTOTAL: 1,715,108,960 USD
INVESTMENTS ATTRACTED THROUGH IDAL(USD MILLION) (2003-2015)
IDAL 2016ABOUT IDAL
WITH THE MAJORITY LOCATED IN MOUNT LEBANON AND BEIRUT
Source: IDAL’s CalculationsTOTAL: 48
IDAL 2016ABOUT IDAL
DISTRIBUTION OF PROJECTS BY SECTORS(%) (2003-2015)
DISTRIBUTION OF PROJECTS BY REGION(%) (2003-2015)
WITH MORE THAN 6000 DIRECT JOBS CREATED
Source: IDAL’s CalculationsTOTAL: 5,775
IDAL 2016ABOUT IDAL
TOTAL JOBS CREATED BY SECTOR(%) (2003-2015)
TOTAL JOBS CREATED BY REGION(%) (2003-2015)
PROJECTS MEDIATED THROUGH IDAL IN NORTH LEBANON,TOOK THE LEAST SHARE OF THE PIE
Source: IDAL’s Calculations
Total Number of Projects: 5 Total Jobs to be Created through IDAL: 256
DISTRIBUTION OF PROJECTS BY SECTOR(%) (2005-2015)
JOBS CREATED BY SECTOR, THROUGH INVESTMENTS MEDIATED BY IDAL IN NORTH LEBANON (%) (2005-2015)
IDAL 2016ABOUT IDAL
HEADLINES
1. INVESTMENT CLIMATE IN LEBANON
2. INVESTMENT CLIMATE IN TRIPOLI
3. ABOUT IDAL
4. WHAT ARE THE INVESTMENT OPPORTUNITIES?
5. CONTACT US
3. Enabling EnvironmentAvailability of Large number of industrial companies
Sugar, sweets, canned food, dairy products and soft drink factories (30 factories)Steel, house equipment, and construction-related industries: 4 factories for steel casting, 3 glass factories, 25 factories
IDAL 2016INVESTMENT OPPORTUNITIES
1. Cost Advantage Relatively cheap rental cost of USD 400/sqm in Tripoli vs. USD 2,250 in Beirut)
Cheap semi-skilled labor force mainly in handicrafts and light industries (furniture and carpet making)
for stainless steel, 40 factories for construction tiles, ceramics and marbleFurniture making: 200 small-scale factoriesCarpet making: 2 factories
Ease of Importing raw material and exporting of finished goods through Tripoli Port:The Port of Tripoli receives approximately 450 ships every year, averaging around 37 ships per month.
Financial Support: North Lebanon Local Economic Development Agency (LEDA) provides loans up to USD 75,000
IDAL: Provides financial incentives
Kafalat: Since 2000, Kafalat has subsidized around 1,343projects in the North of Lebanon, valued at LPB 211,202,449,750 (USD 140.1 million)
2. Skilled production and traditional techniques and used to produce items like furniture, soap, jewelry would appeal in high end regional markets, specifically the GCC Countries
INDUSTRY: INVESTMENT OPPORTUNITIES AND STRENGTHS
IDAL 2016INVESTMENT OPPORTUNITIES
OPPORTUNITIES
1. Furniture and Carpet A $ 500,000 project led by UNIDO is seeking to revive the furniture industry in Tripoli by offering business coaching, modern design advice and access to international markets.
Furniture manufacturers in Tripoli produce around 19% of total Production. This volume could be increased with the availability of skilled and relatively cheap labor force.
3. Handicrafts and Jewelry Lebanon stands out as a leader in jewelry and gold production in the Middle East, employing 8,000 people at around 60 main workshops.
One labor hour in the jewelry industry in EU costs €100, whereasin Lebanon it costs $62.5.
The jewelry sector contributes to around 16% of Lebanon’s GDP.
Tripoli enjoys highly-skilled and low-cost craftsmen.
2. SoapThe quality of raw materials needed for the production of natural soaps (olive oil) and lower production costs constitute a comparative advantage for Tripoli.
Olive oil soaps are witnessing an increasing local and regional demand for beauty care reasons.
The well-known Tripoli Souk is an important destination for all those seeking natural soaps (Khan Al Saboun).
ICT: INVESTMENT OPPORTUNITIES AND STRENGTHS
IDAL 2016INVESTMENT OPPORTUNITIES
1. Highly Skilled Labor ForceA cluster of educational institutions: 10 Universities are available in Tripoli that offer courses in Information Technology and Engineering with around 7,400 students registered.
4. Enabling EnvironmentAvailability of Incubation Support: BIAT: a 4000 sqm facility is equipped to host around145 startups.Digital Opportunity Trust:Delivers training programs that equip vulnerable populations with entrepreneurship and technology skills.Maurice Fadel Prize (MFP):Aims at promoting entrepreneurship and ultimately establishing businesses in north Lebanon.
Financial Support:1- More than 90 commercial banks in North Lebanon. 2- IDAL: to date, IDAL has supported 4 projects in North Lebanon with a total investment value of USD 195,799,237 which generated more than 552 direct jobs.
2. Low Doing Business CostsAvailability of skilled and relatively cheap labor force compared to other regions like Beirut.Cheap office rental costs (USD 400/sqm in Tripoli vs. USD 2,250 in Beirut).
3. Export Oriented IndustryLebanon has ranked ICT first among regional countries in terms of its share of total service exports, more than 60% of firms engaged in ICT activities are export oriented.
IDAL 2016INVESTMENT OPPORTUNITIES
OPPORTUNITIES
1. Software Development The software market value reached USD 34 million in 2014 and is expected to grow at a CAGR of 9.12% from 2015 to 2018.The predominance of services in the Lebanese economy has been beneficial to the software industry, which generate the largest part of total output. Solutions for Banking, Hotel management, Retail Trade, and Tourism.
2. Mobile Services and Applications The expansion of mobile broadband networks, the upsurge in smartphones penetration in the region and the young profile of the Arab population fuel the demand for mobile applications. The Lebanese talent base have successfully adapted the latest market trends to the local needs, languages and cultures.
3. E-ServicesWith the rising number of Arabic internet users, opportunities exist for Lebanese companies to develop local Arabic content for E-commerce, E-music and E-learning platforms.
Ratify amendments to Investment Law No.360 to increase investments in Tripoli: In 2012, IDAL made amendment to Decree No.9311 and 9326 that grant financial incentives to investors according to 2 incentive schemes. The amendments significantly lowered the requirements needed by companies located in the North to invest across all economic sectors to benefit from tax breaks.
The amendments also changed Tripoli to Zone B, thus increasing the range of incentives granted to the area.
Implement an aggressive investment promotion strategy led by IDAL in coordination with private and public stakeholders in the region to promote the region competitive advantages regionally and internationally.
Target diaspora organizations and members to invest in their homeland of Tripoli. IDAL is currently working with the EU to map these immigrants and engage them in investment programs in the area.
Foster the creation of specialized clusters / parks in the area though the prerogatives granted by Investment Law No.360 Article 6 point 10 to IDAL and which only require Council of Ministers approval: The article stipulate the role of IDAL in “ Participating in the capital of joint stock companies working in the field of IT, packaging, assembly, production, processing of agriculture and industrial goods, whenever international organizations request Government participation in accordance with a decree issued by the CoM”.
IDAL 2016INVESTMENT OPPORTUNITIES
WHAT CAN WE DO TO INCREASE INVESTMENTS TO TRIPOLI?
IDAL 2016INVESTMENT OPPORTUNITIES
AMENDMENTS TO INVESTMENT LAW No. 360 to promote reginal development
IDAL 2016INVESTMENT OPPORTUNITIES
HOW TO FOSTER EXPORTS FROM TRIPOLI
Increase Support to the existing “Agri Plus” Program:Increase the components of the program, especially (1) taking part more actively in local and international trade fairs through the financing of Lebanese pavilions, (2) Modernizing packaging and storage houses (more specifically providing advanced machines to 50 packinghouses all over Lebanon), (3) Launching training programs to offer quality certifications to packaging houses and farmers, in addition to (4) conducting different promotional and marketing activities. Number of Estimated Beneficiaries in North = 32 exporters
Increase Support to the existing “ Agro Map” Program:Provide continuity to the program through ensuring funding support for promoting Lebanese goods in international markets mainly ensuring a presence of Lebanese goods in international fairs.
Increase Support to the existing M. Leb Program:Roll over the support program to at least one year or until the opening of the border areas and increase outreach to industrial exporters.
HEADLINES
1. INVESTMENT CLIMATE IN LEBANON
2. INVESTMENT CLIMATE IN TRIPOLI
3. ABOUT IDAL
4. WHAT ARE THE INVESTMENT OPPORTUNITIES?
5. CONTACT US