PRTODAY / NewswireToday Free press release distribution service network

More news: Foreign Policy
Written by / Agency / Source: Orient Planet PR & Marketing

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

IDAL Organizes Media Tour of Projects Launched Under Investment Law 360 Incentives - Itani: Achievements a testament to economic strength and increasing investor confidence in Lebanon’s business environment.
IDAL Organizes Media Tour of Projects Launched Under Investment Law 360 Incentives

 

NewswireToday - /newswire/ - Dubai, UAE, United Arab Emirates, 2006/06/13 - Itani: Achievements a testament to economic strength and increasing investor confidence in Lebanon’s business environment..

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Foreign Policy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The raft of new investments in Lebanon launched under the incentive schemes provided by IDAL reflect the strength of the Lebanese economy and the increasing trust placed by investors in the country’s promising economic environment, stated Nabil Itani, Chairman and General Manager of the Investment Development Authority of Lebanon (IDAL). He urged investors to take advantage of the many opportunities emerging from a growing economy, and expressed confidence that successful execution of important IDAL-supported projects will catalyze increased presence from business owners, multinational companies and investors.

Itani’s statement came at a press trip organized by IDAL on Monday June 12th 2006, to showcase some of the projects benefiting from Investment Development Law 360, brought to force in end 2003 to stimulate investment in Lebanon.

“The current regional economic boom, driven by factors such as high oil prices and a strong real estate sector, is resulting in investor-friendly conditions that form a critical phase for furthering Lebanon’s economic prosperity. We must take full advantage of current economic progression by making greater efforts to attract Arab investment to all sectors of the Lebanese economy by showcasing the prosperity and stability of the country and highlighting the competitive nature of sectors such as tourism, manufacturing, agriculture, information technology and communications; all of which boast innumerable high worth investment opportunities,” said Itani.

Lebanon’s tourism sector has witnessed significant growth in recent times and still holds many opportunities for investors. Hand in hand, the hospitality industry is expanding to cater to higher tourist influx, and has thrown up many high return investment options in the areas of conference tourism, medical tourism and environmental tourism.

The industrial sector is also witnessing leaps in progress, driven by new investment opportunities particularly for sectors with high export rates, such as jewellery, equipment, food, chemicals, cement and printing products. The investment in the industrial sector has witnessed robust overall growth in the last couple of years, as testified by the increasing number of industrial machinery imports that have risen from 104 million dollars in 2002 to 142 million in 2004, representing a jump of 36.5 percent.

“ICT is a key target sector for us as it plays a vital role in uplifting other economic activities, particularly as Lebanon makes strong advances in software development. Opportunities for investment include call centres, internet centres, commercial e-trade networks, shared media and education centres, remote education and telemedicine.”

Itani noted the large number of projects enjoying IDAL’s incentives under the incentives provided of Investment Law 360 and added that an investments portfolio worth more than 1 billion dollars has benefited from the law’s provisions since the Decree came into force, in turn creating up to 4,000 jobs. These projects belong to various industrial sectors, with tourism constituting 59 percent of all investments, industry forming 13.6 percent, technology 13.6 percent, food 9.1 percent, and IT, telecomm and media combining to take a 4.5 percent slice. In terms of financial outlay, tourism alone is worth 96 percent of total IDAL-supported investments.

45.5 percent of projects launched under IDAL’s umbrella are situated in Beirut with Mount Lebanon and Bekaa hosting 31.8 and 18.2 percent respectively.

“IDAL is fully prepared to support diverse projects in Lebanon, and aims to pay unsurpassed attention to investors and businessmen willing to establish new projects or enlarge existing ones. We seek to facilitate their businesses, cater for their needs and provide all the information they require,” Itani added.

The press trip itinerary included the Bab El Saray, Hilton, Grand Hyatt, Penta and Habtoor Land projects, with officials involved in the projects provided detailed overviews of each. The trip was concluded with lunch at Habtoor Land.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Foreign Policy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Orient Planet PR & Marketing

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Foreign Policy articles,
CATCH Visitors via Your Competitors Announcements!


IDAL Organizes Media Tour of Projects Launched Under Investment Law 360 Incentives

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Press Office - OrientPlanet.com 
+971 4 3988901 info[.]orientplanet.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Orient Planet PR & Marketing securities in any jurisdiction including any other companies listed or named in this release.

Foreign Policy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Orient Planet PR & Marketing / Company Profile


Read Foreign Policy Most Recent Related Newswires:

International Maritime Organisation Ballast Water Management Convention to Enter into Force on 8th September 2017
Michael Granger Appointed as Member of the Foundation for a World in Transition's Steering Committee
Globsec 2012 Will Discuss Global Security Issues and Future of the EU
Afghanistan Foundation Hails Panetta Visit
Shrimp Industry Thanks Elected Officials for Support for Continued Duties on Dumped Shrimp Imports
Strategic Communications Conference Set for January 20-21 in Miami
Business Delegation from Gujarat, India, Visiting San Diego September 15 Seeking Business Opportunities
Atlantic-Community.org Publishes the Results of its Expert Survey on EU Policy Toward Pakistan
CBP Removes Enhanced Bonding Requirements on Shrimp Imports
Debatepedia Launches Bosnia Debate Series for A Country in Turmoil
Debatepedia Completes Definitive Pro/con Guide on the U.S Joining the International Criminal Court
Law to Strengthen Mine Ban Enters into Force in Jordan
The Southern Shrimp Alliance Denounces Unwarranted Removal of Ecuadorian Shrimp Duties
Australia Opens its Doors to Britain’s Key Workers
Australian Resident’s Rush to Become Citizens Before the Going Gets Tough

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  NAKIVO, Inc.





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)