Itani highlights IDAL funding successes

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Head of the Investment Development Authority of Lebanon Nabil Itani said Friday that 65 projects valued at over $1.9 billion have been awarded investment incentives since 2001.

He added that these projects have provided about 10,000 direct jobs and 20,000 indirect jobs.

“With our support for investment, we are enhancing the positive impact it will have on the Lebanese economy, either by promoting economic growth rates, creating sustainable employment opportunities, or contributing to the introduction of advanced technology in the production process,” Itani told reporters after visiting industrial projects in several Lebanese provinces.

A press release by said that in the framework of the support IDAL provided to the productive sectors, Itani visited a number of investment projects in Kesrouan and Jbeil that benefited from the incentives and facilities provided by Investment Promotion Law No. 360.