Majid Mneimneh, Chairman of the Board of Directors of the General Organization for the Promotion of Investment in Lebanon (IDAL),
discussed with a delegation from the Bekaa Industrialists’ Association ways to boost industrial investment and develop exports, thereby supporting economic activity in the region.
The delegation included the association’s president, Nicolas Abu Faisal, and members Hussein Qadmani and Habib Geagea.
Also present were full-time board member Abbas Ramadan, legal advisor Walid Hanna, and Director of Information and Promotion Lina Fakhuri.
The meeting provided an opportunity to discuss mechanisms for cooperation between “IDAL” and industrialists, particularly in priority production sectors.
Manimneh also reviewed the incentives and facilities offered by the institution to industrial investors.
He noted the importance of the “one-stop shop” in simplifying procedures and expediting transactions.
For its part, the delegation outlined the main challenges facing the industrial sector in the Bekaa, foremost among them the complexities of administrative and customs procedures.
They also highlighted the need to develop infrastructure, as well as to support Lebanese exports in reaching foreign markets.
The participants emphasized the need for ongoing coordination to overcome the obstacles facing investors and industrialists.
They also stressed the importance of stimulating industrial investment in the Bekaa.
Creating new job opportunities and enhancing the competitiveness of local products will support economic development and Lebanon’s recovery.
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