Presidency of the
Council of Ministers
This issue puts into focus the Lebanese diaspora and highlights their potential and the available investment opportunities available to them in their homeland. The issue also covers the activities undertaken by IDAL during the month of August and September.
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IDAL, represented by its Chairman,Mr. Nabil Itani, participated in the "Meeting of the International Organization for Migration" organized by the Italian Ministry of Foreign Affairs and held in Rome on October 2 & 3, 2014 in presence of officials, experts and representatives of several expatriate business associations and organizations.On the first day of the meeting, Mr. Itani delivered a speech during a workshop that revolved around "productive investments through multinational partnerships and projects", highlighting the expatriates' efforts aimed to contribute to the development process in their homeland.
We have visited the upcoming new factory of Al Rifai in Halat, Jbeil. The new project is estimated to have an investment value of $25 million according to Al Rifai sources, and is expected to create 375 job opportunities.
The aim of this new initiative is to expand Al Rifai's production capacity in order to cater to local, regional, and international markets, in addition to the increase in product line and quality improvement.
Al Rifai's new project could benefit from IDAL's Package Deal Contract incentive scheme which includes a 100% exemption from corporate income tax for up to 10 years. Do you have a similar project in mind? Contact us.