Presidency of the
Council of Ministers
IDAL's Chairman Eng. Nabil Itani discussed with the Secretary General of the Federation of Arab Chambers Dr. Khaled Hanafi the enhancement of the economic relations between Arab countries through the strengthening and the increase of inter-Arab trade, the activation of inter-Arab investments and the attraction of FDI to the region. They stressed the need to keep pace with modern technology and encourage entrepreneurship and its role in inspiring Arab youth to launch innovative ideas and turn them into projects.
IDAL Chairman Eng. Nabil Itani handed over the package deal contract (PDC) to the Global Snacks Company S.A.L. represented by its Chairman Mr. Abdullah Daher. The project consists of a factory to be established in the Forzol area to produce flour, all kinds of grains, roasted corn and oats with fruits and chocolates, with an investment size of 10 million USD and 92 job opportunities. The incentives granted to the project include full exemption from income tax up to 10 years, reduction of construction license fees, full exemption from registration fees and work permits of all categories for foreign employees.
IDAL Chairman Eng. Nabil Itani handed over the package deal contract to the General Paints Company S.A.L. represented by its Chairman Mr. Johnny Al-korm. The project consists of expanding the existing factory in the Ghazir region to produce car paints and derivatives. The investment size of this expansion is about $ 8 million and will provide 50 new job opportunities in addition to the 122 already existing.
IDAL`s Chairman Eng. Nabil Itani, handed over the Package Deal Contract to the Sunset project. He declared that the tourism sector remains the most attractive for projects and investments, enjoying a great potential for growth and expansion based on Lebanon`s advantages in the field of hospitality. The SUNSET project is a tourist complex in Ramlet Al-Bayda with an investment value of USD 37.2 million, providing 230 direct job opportunities upon completion.