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Plans Underway to Boost Industry

The Lebanese Government plans to boost the country’s industry sector. The establishment of industrial zones and the reduction of taxes

on profits derived from industrial exports were at the top of the meeting agenda between Minister of Economy and Trade, Nicolas Nahas and the Industry Minister Vreij Sabounjian.

 

Discussions also revolved around exempting industrial machines and raw materials from port fees, and offering creative motives for research institutions.

 

 

"A study is currently on track to come out with practical decisions and proposals to stimulate the economy and draw investments," Minister Nahas announced.

"It’s important to demonstrate that this government is serious in backing up industrial, commercial, agricultural and touristic investments and providing adequate ground for them," Nahas said.

 

 

In recent years, the Lebanese industrial sector has struggled to remain immune to political squabbling. Lebanese manufacturers, have long complained about high energy costs, electricity bills and the increasing cost of imported materials.

 

Beirut

Migration to cities is increasing so much that, by 2050, the UN predicts that approximately two thirds of the world’s population will be living in cities.

ECO INITIATIVES

  • A fundraising event, entitled Think Green, will be held by Zero Waste ACT for all its business members on September, 10,2013, at WHITE, Dora.
  • The Green Mind Association invited all Green Mind Award Participants, finalists, runner ups and winners to the GREEN MIND DAY on  Jan-16-2013 in Beirut, to create a platform where interested Venture Capital and Potential Investors met with participants.
  • A green initiative launched by Ashrafieh 2020 project aims to transform Ashrafieh into a tranquil and unpolluted area.Green spaces allow residents to walk and ride bicycles.

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