2. At the heart of the Middle East and the crossroads of three continents,
Lebanon is where the East meets the West.
A convergence point of trade routes for thousands of years and a unique
cultural and religious melting pot, The Land of the Alphabet is rising again as
a regional and international hub for trade, finance, services, culture, and
tourism.
With a stable political system based on a parliamentary democracy, and
unique characteristics that are inherent to the Lebanese system, Lebanon
offers an ideal business environment for discerning investors.
In addition to a free-market economy based on a long tradition of
government-supported liberalism, a sophisticated banking system, a
developed legal framework, a superbly skilled workforce, and an
exceptional lifestyle, Lebanon offers a large number of investment
opportunities in all sectors of the Lebanese national economy.
IDAL, the Investment Development Authority of Lebanon, is the sole public
agency responsible for promoting investments in Lebanon, identifying and
marketing opportunities, guiding international companies to establish prime
business positions, and assisting investors in accessing a wealth of untapped
economic potential. When investing in Lebanon, let IDAL pave your way.
3. Strategic Geographical Location: At the Center of the Eastern
Mediterranean, Lebanon is uniquely positioned at the crossroads of
Africa, Asia, and Europe.
Free Market Economy: Based on a long tradition of liberal
investment policies, free enterprise and private initiative are the
drivers of the Lebanese economy.
Liberal Financial Environment: With a free foreign exchange market,
full currency convertibility policies, no restrictions on the inward or
outward movement of capital, and banking secrecy, Lebanon is
truly ideal for conducting business.
Developed and Non-Discriminatory Legal Framework: Lebanon
offers a well-developed legal framework that protects private
property and grants Lebanese and Non-Lebanese equal rights.
Untapped Investment Opportunities: Lebanon offers investors a wide
array of investment opportunities in all sectors of the economy.
Furthermore, Lebanon represents a point of entry to a large regional
market.
4. Moderate Tax Rates: With maximum tax rates of 15% for
companies and 20% for individuals, Lebanon’s fiscal charges are
among the most moderate worldwide.
Qualified and Competitive Workforce: Lebanon’s workforce is
well educated and multi-talented. Skilled labor is widely
available, yet at moderate fees.
New and Expanding Infrastructure: With state-of-the-art
telecommunications, a modern electricity network, a new
airport, expanding port facilities, and an ambitious road
rehabilitation program, Lebanon’s infrastructure is quickly
becoming one of the best in the region.
Unique Living Environment: Thousands of years of history, optimal
climatic conditions, a very rich culture, and a vibrant nightlife
justify Lebanon’s “Pearl of the East” surname.
Facilities and services for Investors: IDAL’s “One-Stop-Shop”
Service offers investors a fast and seamless way to obtain the
official permits and licenses needed to implement their projects.
5. Political System: Parliamentary Democracy
Total Area: 10,452 km2
Languages: Arabic, English, French
Religions: Islam, Christianity
Population: 4.3 Million
Urban Population: 86.6 %
Population Growth: 1.7 %
Workforce: 1.2 Million
Literacy Rate: 88.4 %
Currency: Lebanese Pound (LBP)
GDP: $ 16.4 Billion
Imports/Exports: $ 6.5 Billion/$711 Million
6. The Lebanese Government has embarked on a major
reformative action plan to modernize the regulatory framework
and provide a suitable climate for investment in an efficient
legislative environment. New policies have been adopted, and
modern laws have been promulgated such as:
Foreign Acquisition of Property law that facilitates and
streamlines the acquisition of real estate by foreigners.
Customs Law that facilitates import and export procedures.
Ambitious Privatization Programs in the vial sectors of the
national economy such as Telecommunication, Water, Energy,
and Transportation.
Reduction of Customs Duties on almost all imports and especially
raw material, equipment destined for industrial use, and IT-
related products.
Investment Promotion Law adopted by the Government and
awaiting the Lebanese Parliament’s approval.
7. Increasing subsidies of interest rates on soft loans for vital
sectors of the national economy (Tourism, Industry,
Agriculture, and IT).
Equalizing property registration fees for foreigners with
Lebanese nationals and reducing them to 5 %.
Reducing the Social Security Fund Contribution.
Adopting an “Open Sky” policy.
Main Features of the Foreign Acquisition of Property Law
Possibility of acquiring up to 3,000 m2 without prior
approval.
Possibility of acquiring more than 3,000 m2 (without a
ceiling) by virtue of a prior approval.
Increasing the total area that foreigners are allowed to
acquire in the capital, Beirut, from 5 % to 10 % of the city’s
total area.
8. Due to forced interrupted growth in the past three
decades, Lebanon offers a large number of untapped
investment opportunities in all sectors, of the Lebanese
economy and more specifically in the Tourism, Agro-food
industries, Light & Medium industries, Agriculture, Health,
Telecommunications, Energy, Environment, Transportation,
and Information Technology sectors, Several indicators
highlight the positive economic climate in Lebanon
among which the Gross Domestic Product (GDP) that still
marks continuous growth.
Lebanon offers investment opportunities in:
The private sector in partnership with Lebanese
entrepreneurs or without any Lebanese participation.
The public sector through BOT (Build, Operate, Transfer),
BOO (Bill, Operate, Own) or other similar public/private
partnership schemes.
9. In addition, Lebanon represents a point of entry to a
large regional market encompassing major Arab
countries and reaching into Iran, Eastern Europe, part
of North Africa, and the southwestern former Soviet
Union republics. As such, its idiosyncratic
characteristics render it ideal to serve as a regional
hub and an ideal location for regional headquarters.
In fact, Lebanon has recently signed a number of
international agreements such as the Lebanese-
Syrian Trade Agreement, the Arab Free Trade Zone
Agreement, and is currently negotiating several
others namely the Euro-Mediterranean Partnership,
and the World Trade Organization (WTO). Such
agreements will facilitate trade and investment
between Lebanon and its regional partners.
Detailed lists of potential invest opportunities are
available at IDAL. (www.idal.com.lb)
10. Do I need permission to invest in Lebanon?
No. There is no permission of any kind required
for investing in Lebanon. Generally speaking,
there are very few restrictions imposed on
foreigners, and investors of all nationalities are
free to undertake any project in compliance
with existing regulations.
Is it easy to establish a company?
Yes. With simple incorporation procedures, an
absence of administrative constraints (except
for banking, financial, and insurance firms),
and seven types of companies to choose from,
it is very easy to establish a company in
Lebanon in less than a week.
11. What is the tax rate?
The corporate tax rate depends on the type of company. It
ranges from a flat rate of 1,000,000 LBP for offshore companies to
a maximum of 15% of profits. Distribution of dividends is subject
to a 10% tax rate. Salaries and wages of employees are
progressively taxed from a minimum of 2% to a maximum of 20%.
Is it difficult to obtain the required permits and licenses?
No. The “One-Stop-Shop” Service recently established in IDAL’s
premises facilitates and streamlines the permitting and licensing
process and allows investors to obtain the various permits and
licenses they require with minimal time and effort.
Are there any investment guarantees?
Yes. A number of national and international organizations
including the National Investments Guarantee Corporation
(NIGC), IAIGC (Arab Consortium), COFACE (France), HERMESM
(Germany), ECGD (UK), OPIC, the Export Import Bank (US), MIGA
and others ensure investments against non-commercial risks.
12. Is there a mechanism for dispute settlement?
Yes. A Lebanese Arbitration Center has recently been
established in close affiliation with the Chamber of Commerce
and Industry and Agriculture of Beirut. Lebanon has also ratified
the New York Convention of 1958 relating to international
arbitration.
Where can I find help and information on setting up a business in
Lebanon?
Whether you are looking for general information about the
investment climate and the investment opportunities in Lebanon
or specific information about how to establish a company and
obtain the required permits and licenses, your best reference is
IDAL. Through its “Investors and Businessmen Information Center”
and its newly established “One-Stop-Shop” Service for Permitting
and Licensing. IDAL is most able to guide and help you.
13. 3 groups is to establish a tourism
Hospitals ,three hotels , and villas
Island Alorsp (Cedar of Lebanon)
Marina Towers
Towers of Beirut
More projects
14. BEIRUT: Maroun Hadad
It is almost part of the extended areas of «Shikka» and «Anfah» on the coast,
which connects the Lebanese capital, Beirut, Tripoli is the capital of the North
about the only part that has not found investors, not by creeping
urbanization over the past years, may be linked to events that have
repercussions on Lebanon During the past decades.
With the stabilization of the situation, local investors rushed to the «discovery»
of this waterfront area of the northern stretch of approximately 17 million
square meters of virgin land, used three groups: group MP Mohammed
Safadi, the Group Deputy Maurice Fadel, and a Jacques Sarraf (former
President of the Industrialists Association) to buy about one million square
meters at the beginning of this decade to prepare for the construction of a
huge tourist city be the first of its kind at the store.
The project design recognizes the owners of the time, but political
circumstances prevented the transition to the stage of project
implementation. the Lebanese returned Tuesday to wash the dust of the
designs, he was Chairman of the Group of ATM, Jacques Sarraf told «Middle
East»: «transactions that had gone into the official circles, and we hope to
complete very soon.
15. He said: «The project will be the largest of its kind in Lebanon and the
region, which will take into account the environmental factor to the
maximum extent, which would extend the length of the front 450 meters,
and includes the city hospital, three hotels, villas, golf course and club.
The importance of this project that is located at a distance of half an
hour from the Casino du Liban and 50 minutes from Cedar Mountain
(the highest mountains of Lebanon), and at a distance of 20 minutes
from the historic city of jbeil, and at a distance of about an hour from
the Lebanese capital. The value is added in this project by the calm and
tranquility reign in the region, clean water and coastal seas, and the
lack of population density ». are caThe ATM «The choice of this northern
coastal region stems from our conviction that the North themselves
capable of developing the region, and provide new job opportunities to
the young people who jammed the immigrant and Abrab.
With the implementation of the project is between the cities of the coast
between Batroun and Tripoli, the northern has turned fully to the
waterfront tourist, recreational, note that the first tourist project on the
forefront of these was in 1935 (on the shore of Tripoli). With the early
forties Leaving rosary rosaries, even on an occasional to a decree
regulating the northern shores in 1972, which allowed the bridging part
of the maritime spaces in front of the existing tourism projects on the
beach, which encouraged investors to buy real estate large areas in the
region, was set up by the Group of tourism projects which exceeded the
swimming pools and chalets to hotels, even the number of such projects
so far 47 projects involving about 4500 chalet and cabin can
accommodate about 8 thousand families.
16.
17.
18. Preparing company »Noor International«, which is headed by its board of
directors, Dr. Mohamed Saleh, the launch of the »island of Cedar of
Lebanon« off the Lebanese coast, the artificial island of a commercial nature
tourism investment project on the way »Palm Island« in Dubai.
he company has already launched a special project on the Internet, as well
as the site »Weiss Bock«, in addition to ads on a number of locations varied
disciplines, and in some newspapers.
The lecture today by the President of the Board of Directors of the project at
the University of Arts, Science and Technology Jadra.
Has sought »Ambassador« to the survey of the project, some official sources
of information and eligibility, found that it is still on paper and on websites.
The organizers for preliminary visits to the many officials, particularly the
Minister of Tourism has encouraged the support of the project, according to
the project site on the Internet, which was also announced that it continues
to seek »official approval from the Lebanese authorities«.
19.
20. Revealed on the official sources, preferred not to name, that those
responsible for the project has not yet appointed a place on the
shore of Lebanon, and that the studies focus on two: either off shore
or off shore Damur Amshit. The final choice depends on the
economic feasibility studies of the depth of the beach, which Srdm,
considering that the more deeply was the beach, where I need
greater amounts of rubble.
The sources add that the company made from the Pentagon, the
Department of geography, the request to determine the most
appropriate location for the construction of the Alorzp on the
Lebanese coast, the area between the south and images Batrun
north, and the file had been handed over to the Ministry of Works
and work with the ministry and with the Foundation to encourage
investment.
21. Extend the area of the island assumed a three- Thelatmip million square
meters, according to what is stated, without specifying the depth of the
water. According to sources, » Alorzp island« will be divided into two sections:
the first section involves »trunk« (according to the form of Alorzp), which will
be built hotels, restaurants and markets to be open to all. The second part is
»branches« and »branches« Alorzp, which will be built Alfellat and homes, to
be accessed is limited to landowners. In addition to the commercial markets,
clinics, schools, and specialized centers to receive a water-loving activities.
The transfer of tourists and residents of the island Fissewmn through ad hoc
means of transportation free of the island. Will also be benefiting from the
area under the water for the establishment of the Aquarium and hotel ...
etc.. Also plans for another project might be accompanied by building
»Alorzp«, which involves »industrial city« ensure the various needs of building
the island and the continuation of life.
It is assumed that the marketing of the project is a matter of attracting
investment, and the Lebanese expatriates and immigrants, tourists, and that
it will provide 50 thousand job opportunities for Lebanese youth in various
sectors, with the expectation that this project be completed within three
years after the completion of formalities.
22.
23. Such a project is, like another project to bridge the sea in Lebanon
and the world, very dangerous on the terrestrial and marine
environment together. It seems that the architect is trying to project
the tradition of Dubai on the way »palm« and »map of the world«,
because it lived in the Arabian Gulf.
Is the risk at several levels: it is where the idea of the project will
come in huge quantities very filling, to cover this huge area of the
project.
In economic terms, looking for such projects in practice, and after
the selection of places which are easily filled, the search for sources
only two to reduce the cost of the project: either to be destroyed
and the destruction and distortion of the mountains and valleys near
the project area, as happened in the Rdmyat Alillip ( distorted
where thousands of hectares in the text and Antilias River Bsaleem
death and, because of quarry rubble, which provides for the project
(with a reminder that the draft Alillip bridge, the captain of the
24. quarry owners and Alexart!) .. or used to be a huge bulldozers Bboakhar
large earth-moving and rock (and life) of the bottom of the sea, and then
compiled in the places to be filled (as in the case of Dubai), and sometimes
adopt both methods.
In all cases there is destruction and sabotage of the female in the vicinity of
no return from. The distortions of the mountains, do not return it, and that the
withdrawal of rubble from the bottom of the sea is a devastating double to
the place to be washed, and the places that are supposed to bridge!
Thus will be the elimination of large areas of marine biodiversity, an area of
more than ten times the same project.
Taking the project to the need also to be a huge wall to protect it from the
waves, this fence, and the same project, detonated by changing trends in
ocean currents This process leads to change the lives of marine organisms
and ecosystems are very dangerous, requires a lot of species, and cause
irreparable damage is not known size, but not impossible in any appreciation
»a study of the environmental impact of the project«, which is expected to
be issued to contribute to the promotion of the project , as usually happens
with marketing campaigns for projects of this kind of sabotage
Do not forget the damage to the rubble, and changing trends in ocean
currents. It will form Alorzp, water accumulated inside the semi-confined and
stagnant, which would lead to additional problems and damage to marine
life Stlm general, a problem faced by the synthetic Dubai now.
25. Competes with this project (as a similar project which was preceded
by: » Snin Zeinah Lebanon«) Adoption of the Council of Ministers of
the scheme of arrangement for guiding the overall land in Lebanon,
which was supposed to put an end to the disorder in the
construction of major projects and distorted anywhere, and at the
expense of anything. Especially on the heads of the mountains,
above the groundwater sources, and on the beach, and on public
property, which is supposed to remain in place for all Lebanese, not
to be the closure of special projects.
From an economic and investment, the sources do not have follow-
up feasibility of the project, which recalls the fate of the draft Alillih
large bridge, which was inaugurated in 1997. Since that date, did
not make investments there, as was expected, also did not provide
the promised jobs, had been forcibly shut down on people.
26. The transfer of the mountain to the sea (as trying to
do this project), and the transfer of the city to the
mountain (as in the draft »Snin Zeinah Lebanon«), is
tantamount to sabotage of the nature of Lebanon,
and is not an invention. Filipq rice to the rice, and left
to the Lebanese coast, fishermen, of whom all
people.
In 1997 fought against a lot of environmental Alillih
Beach bridge, a project to bridge the Matn coast (an
area nine miles from the coast). What was the only
time that the project »avenged« of them, organized
a festival called the nomination »music environment«
in the 27 July of that year to launch the project. Will
work some environmental organizations, which
collapsed to a meeting Tuesday to discuss the
matter, to stop the recurrence of the environmental
disaster and swallow the rest of the public domain?
27. «Marina Towers» Saudi Lebanese project on the shore of Beirut cost
of $ 150 million
Sponsored by Lebanese Prime Minister Rafik al-Hariri finally, the
ceremony for laying the foundation stone for the project «Marina
Towers», which is the largest residential project in the center of the
Lebanese capital, which describes a group of investors (including
MP Mohammed al-Safadi, Engineer Khalid Al-Saif Bin Assistant
Chairman of the Group of Saudi Arabia, the sword and businessman
Lebanese atmosphere Muawwad) as the most luxurious residential
project in central Beirut. The President of Hariri in a speech the way
that this project «image of the challenge, which is in the blood of
the Arabs and the Lebanese, despite events in the world after the
atheist of September (September), an model of the blending
between the brothers in the Gulf and among the Lebanese in the
country».
The «Marina Towers» one of the most important development
projects that would contribute to the «Beirut to the nature of the
twenty-century atheist» In the words of General Manager of Marina
Towers Farouk Kamal Is the «Marina Towers» area of 7100 square
meters, increasing by the largest residential project at the eastern
shore of the Mediterranean Sea, 150 meters high will be his
appearance at the Marina tourism for the city of Beirut one of the
most important features that would distinguish the Lebanese capital
in the future.
28. The project and its unique architecture and size
apartments distributed on 31 locations in the layer
separating the building by the second author of the 9-
storey beautiful garden area of 3000 square meters and a
total built area 60000 square meters These characteristics
of a draft «Marina Towers» made the investment value of
more than 150 million dollars, has made it the largest
potential of human, technical and consensus to ensure
the success of «visions of some of the biggest trading
houses Saudi Lebanese» In the words of the chairman of
the Marina Towers Khalid Bin Assistant Engineer Al- Saif .
It was followed by the unveiling ceremony for laying the
foundation stone and the dialogue between journalists
and the director of development of the Marina Towers
project engineer Peter Qatrib and the Executive Director
of the project by Hani Qassim, talked about the
engineering advantages in terms of international
standards of safety and well-being of the environment
provided by the integrated project of Marina Towers.
29. A luxury residential
tower opposite the
Beirut Marina
Owners: Beirut Tower
/ Gulf Invest
International
(www.gulfinvest.com
)
Cost for construction:
US$50 Million
30. Status: Under Construction
Design completed by Samir Khairallah & Co.
Architects WATAG (US)
UK Share: Project Manager – D G Jones Ltd
31. La Residence Beirut Tower by Damac & Ivana
Trump: Real estate developer Damac
Properties has teamed up with the ex-wife of
billionaire businessman Donald Trump in a
luxury residential tower project planned for
Lebanon's capital Beirut. The $150 million La
Residence tower will be built at the
intersection of Omar Daouk and Fakhreddine
streets in Beirut's downtown area with a three
year construction period set to start in 2007.
Interior design work on the 27-storey tower's
one to three bedroom apartments, duplexes
and penthouses will be influenced by Ivana
Trump, the former vice-president of interior
design for the Trump Organisation, whose
marriage to the host of TV's The Apprentice
ended in divorce in 1992.
"We are honoured to be endorsed by Ivana
Trump, a world-renowned celebrity who is
considered a symbol of style, glamour and
class," said Peter Riddoch, CEO of Damac.
Damac officials admitted apartments in the La
Residence tower will not be cheap, due to
Beirut's surging land prices, and are targeted
at mid- and high-income end users.
Apartment prices are being released by the
company today. "Land in Beirut is very limited
and the prices have been going up and up,"
said Sofyan Khatib, executive director at
Damac Holding.
32. 450 Charles
1330 Park Malek Al Aidi Tower
Avenue Avenue
Ain Mreisseh
Tower Al Aidi Tower
37. The Dewatering system is known by the Arab
countries and most of the new projects in Lebanon
have the gulf invest as ownership .
Dewatering is used in Marina project .
Most of those projects will be build in marina and
Damour , as we know those sites needs dewatering .
In Lebanon we only have simple pumps , but it s easy
to export the equipments needed
Project in Lebanon 2009 continues in this tradition,
and with the positive momentum in Lebanon and the
region, it will provide the ideal forum for the major
suppliers and their customers to interact and do
business and enjoy the many pleasures Beirut and
Lebanon have to offer
38.
39. There is no competitors in this sector but
outside service could be the main one .
Lebanese and Arab companies are
investing billions of dollars in the real
estate sector in Beirut and other areas,
reflecting greater confidence in the
country
As we know Lebanon doesn’t been
affected by the crises so most of the Gulf
investments are expected to be moved
in order to build Arab plans in Lebanon.
40.
41. The Human Resources are available with
moderate costs (the basic salary is 500$).
Lebanese Government give facilities and
to the construction investments.
There is many investment companies in
Lebanon that could offer facilities and
study for such projects IDAL is a well-known
example.
Before most of the Lebanese investors built
without caring about construction structure
but after they recognize that their buildings
were not be safe to use.(Bchamoun
Problem)