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Projects

Diamond Segments and Tools Manufacturing Unit

 

A project developed by MG International Diamond Tools in 2002 in ‘Ain Saadeh, Mount Lebanon. The manufacturing unit, with a built-up area of 1,500 sqm requires a highly-qualified labor force of around 25 engineers and technicians, and the production process is fully automated. While an estimated 95% of the production is exported to nearly 55 countries, including Germany, France, Italy, Switzerland and the USA, the manufacturing unit still has a positive impact on the Lebanese market by providing high-quality products at lower cost. This project benefited from Investment Law 360 and completed the 10 years exemptions.

 

Sub-sector: High-Tech Manufacturing
Investment Size: USD 1.9 million
Job Created: 43
Type of Investment: Greenfield
Nationality of Investor: Lebanon
Approval Date: 2004
Operation Date:
2004
Type of Incentive Scheme from IDAL: Investment Project by Zone (IPZ)

 

For more information, please download the Project Fiche.