Presidency of the
Council of Ministers
IDAL signed a memorandum of cooperation with the Ministry of Industry, with the aim of strengthening common areas of work between the two parties and supporting leading initiatives. IDAL`s Chairman Dr. Mazen Soueid stressed the necessity to benefit from the pivotal role of IDAL in communicating with donors and international organizations in support of the industrial sector. The support of Lebanese University students working on creating respiratory devices to combat corona will be the first field of cooperation with the Ministry.
IDAL's Chairman Dr. Mazen Soueid stressed the necessity of transforming challenges into opportunities that contribute to developing the productive sectors through capitalizing companies and boosting exports. The announcement came during a visit to Tripoli, where he met the President of the Chamber of Commerce and Industry, Mr. Toufic Dabboussi, and toured the city's amenities, including the Port and the Rashid Karami Exhibition.
A meeting was held between IDAL's Chairman Dr. Mazen Soueid and the Chinese Ambassador to Lebanon Wang Kejian, who assured that China got full control of the Corona virus and extended an invitation to him to participate in the China Investment Conference in September 2020. Both parties agreed on the enhancement of trade exchange between the two countries, as well as collaborating to organize a Lebanese trade mission to China, especially for the fashion and jewelry sector.
A delegation from the Bekaa Industrialists' Association, headed by Nicolas Abou Faisal, visited IDAL where they were briefed on the services and facilities provided and the programs IDAL is working to launch in order to support the productive sectors. The Chairman, Dr. Mazen Soueid, stressed the necessity of replacing imports with a local industry, with the necessity of boosting exports in order to attract foreign currency into the Lebanese market.