Presidency of the
Council of Ministers
Under the governmental strategic partnership of IDAL, the MITEF Arab Startup Competition held its 12th session in Beirut in the presence of Minister Adel Afiouni representing Mr. Prime Minister Saad Hariri. IDAL`s chairman Eng. Nabil Itani had a keynote speech in the inaugural session, expressing his pride in our talented youth and their entrepreneurial spirit, especially that 19 of the 66 Arab teams competing are Lebanese. Awards were handed out to 9 winners from the Arab world, 3 of which are Lebanese, in 3 competition Tracks.
IDAL participated at the Lebanese-Chinese Investment Forum held in Beirut on 30 March 2019. IDALss Chairman Eng. Nabil Itani, presented in his speech the promising investment opportunities in which interested Chinese companies can invest. The forum witnessed the signing of a memorandum of understanding between the Chinese Council for the Promotion of International Trade and the Federation of Lebanese Chambers concerning the establishment of the Arab-Chinese Arbitration Center. Another memorandum of understanding was also signed between the Council and the Ministry of Industry to promote Chinese investments in the Lebanese industrial areas.
IDAL's chairman Eng. Nabil Itani and the MIT president Mrs. Hala Fadel held a joint press conference to announce the partnership between IDAL and the MIT in the framework of the Arab Startups Competition. Eng. Itani spoke about the shared objectives between the 2 entities, namely Supporting entrepreneurs and providing communication networks, which promotes the entrepreneurship and innovation culture and contributes to the creation of new success stories. Fadel also spoke about the common vision, stressing the need to invest in youth and promising sectors, highlighting the promising opportunities in Lebanon and promoting Lebanese innovation to worldwide investors.
In the framework of enhancing the bilateral relations, IDAL participated at the Saudi-Lebanese Joint Committee meetings held in Riyadh on March 10th and 11th. Both sides discussed ways of cooperation, namely between SAGIA and IDAL, conferring on a potential executive program between the two agencies. The Lebanese side also raised the issue of Saudi investment in the free zones, especially in the Special Economic Zone in Tripoli. The Saudi side expressed its willingness to urge the private sector to take advantage of the available opportunities.