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home › Sectors in Focus ›
Information Technology

 

The Lebanese Information Technology (ICT) sector is a fast growing sector with a market size of USD 436.2 million in 2016, and projected to reach USD 543.5 million by 2019. The market has been growing at a compounded annual growth rate (CAGR) of 7% between 2014 and 2016, and is expected to grow at a CAGR of 9.7% from 2016 to 2019. The positive performance of this sector has benefited from massive investments in the telecom infrastructure, broadband capacity and speed.

 

KEY FACTS AND FIGURES:

 

  • The impact of the ICT sector on GDP, whether direct or indirect, is forecasted to be greater than USD 6 Billion by 2017.
  • The local ICT sector comprises around 800 companies; mostly small and medium-sized businesses.
  • Companies engaged in the creation of Software Development & Services employ a total of around 5000 high-skilled individuals, with demand for ICT skills significantly increasing on a year-on-year basis.
  • The ICT industry in Lebanon spans across an array of activities that rank among the most growing in the world: content development, mobile and smartphone applications, specialized applications, mobile and online gaming, web development, e-services, and software outsourcing.
  • In 2015, exports of ICT related activities accounted for 23.2% of total service exports, and around 80% of firms engaged in ICT activities are export oriented.

 

COMPETITIVE ADVANTAGES:
 

  • Highly skilled and multi-lingual labor force:
    • Lebanon ranks 19th worldwide for the Quality of its higher Educational System, while it occupies the 6th place for Math and Sciences Education.
    • It is ranked 8th in the MENA region on the ICT Development Skills Index in 2013.
  • Competitive salary base: the average wage of software engineers is nearly 37% lower than in the GCC and nearly 50% lower than in selected developed economies.
  • Booming regional market for IT services: Lebanon’s access to expanding regional markets presents significant opportunities. The region’s ICT spending is projected to total USD 212.9 billion in 2016 accounting for 6.1% of worldwide ICT spending and is projected to reach USD 242 billion by 2019
  • A thriving business environment: with the proliferation of incubators and business development centers, and the emergence of a number of success stories of Lebanese start-ups companies turning global.
  • Increasing financial support to the sector: with the government providing financial breaks for companies operating in the sector and international institutions like the World Bank earmarking funds for SME start-ups.
IT FACT BOOK 2016
IT Investment Incentives
INVESTMENT OPPORTUNITIES IN THE ICT SECTOR 2016
Development Opportunities for Lebanon’s ICT Subsectors
DIRECTORY OF ICT COMPANIES IN LEBANON 2016
LIST OF E-COMMERCE COMPANIES IN LEBANON
LIST OF PAYMENT GATEWAY PROVIDERS IN LEBANON
Selected ICT Startups in Lebanon
ICT SECTOR STATISTICS 2016
Useful Addresses
Get in Touch
Lazarieh Tower, 4th Floor, Emir Bechir Street, Riad El-Solh Beirut, Lebanon, P.O.Box 113-7251
Phone
+961 1 983306 / 7 / 8
Fax
+961 1 983302 /3