Presidency of the
Council of Ministers
H.E Prime Minister Saad El Hariri met with the Lebanese companies who were present at GITEX in Dubai with the support of IDAL and Speed Lebanon. He reconfirmed the government’s commitment to Lebanon’s entrepreneurial ecosystem and congratulated the 4 winners who won GITEX’s Global Competitions and WAMDA’s track competitions.
IDAL welcomed a delegation from Sweden to Lebanon who are looking for collaborative opportunities between both countries in the areas of entrepreneurship, tourism and innovation. The three days-visit covered meetings with officials, hotel chains, and key players in the start-up ecosystem.
With the support of IDAL, Lebanon participated at GITEX 2017, which was inaugurated in Dubai between 8 to 12 October 2017. IDAL supported 22 Lebanese start-ups and SMEs with the aim of forging partnerships and meeting potential investors. The Chairman, Eng. Nabil Itani, who officially opened the Lebanese pavilion accompanied by Lebanon's Consul in Abu Dhabi, Sami Nmeir, declared that the ICT sector in Lebanon grew at a cumulative rate of 7% between 2014 and 2016.
The Lebanese participation in this exhibition was a significant success, with a number of Lebanese companies receiving financial awards and ratings, including Modeo and Cherpa, which won a cash prize of $ 15,000 each. The first was awarded the best idea prize, while the second won the best youth employment startup prize.
As for the global competition organized by "Wamda", Fig startup won the fintech track, will Lightsense won the telecommunication track.
In anticipation of the Anuga exhibition, which will be held on Oct. 7-11 in Cologne, Germany, IDAL`s Chairman, Nabil Itani held a preparatory meeting with the Syndicate of the Lebanese Agrofood Industrialists to discuss details of participation and ways to enhance the Lebanese products access to European markets. This participation aims at increasing Lebanese products exports in addition to the establishment of an exchange platform between exporters and commercial centers in Europe.