TWO MAIN MANDATES

Lebanon 2018 | ECONOMY | COLUMN

TBY talks to Nabil Itani, Chairman General Manager, Investment Development Authority of Lebanon (IDAL), on the economy sector.

Nabil Itani

What is IDAL currently doing to make Lebanon more stable for investment?

IDAL has two main mandates: to attract and maintain foreign investment in Lebanon and to encourage and promote exports from dedicated or targeted sectors. We are taking a more active role in retaining internal investors, looking at their issues and what they need. If we can do this with positive results, other investors will come. There are many challenges facing our mission, especially when it comes to attracting international investors. There are four main categories of investors in Lebanon: domestic investors, foreign investors, Arab investors mainly from the Gulf, and multinational companies that use Lebanon as a hub in the Middle East.

Is the current infrastructure in Lebanon attractive to investors, and if so, to what extent?

To date, yes; the main activity of the CEDRE conferences is the PPP law. About 60% of partnerships are based on the PPP law, which has attracted a great deal of interest from investors seeking to partake in it.