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.
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.
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.
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.
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.
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.
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)
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.
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.
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.
3 groups is to establish a tourismHospitals ,three hotels , and villas Island Alorsp (Cedar of Lebanon) Marina Towers Towers of Beirut More projects
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.
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.
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«.
Revealed on the official sources, preferred not to name, that thoseresponsible for the project has not yet appointed a place on theshore of Lebanon, and that the studies focus on two: either off shoreor off shore Damur Amshit. The final choice depends on theeconomic feasibility studies of the depth of the beach, which Srdm,considering that the more deeply was the beach, where I needgreater amounts of rubble. The sources add that the company made from the Pentagon, theDepartment of geography, the request to determine the mostappropriate location for the construction of the Alorzp on theLebanese coast, the area between the south and images Batrunnorth, and the file had been handed over to the Ministry of Worksand work with the ministry and with the Foundation to encourageinvestment.
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.
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
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.
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.
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?
«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.
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.
A luxury residential tower opposite the Beirut Marina Owners: Beirut Tower / Gulf Invest International (www.gulfinvest.com ) Cost for construction: US$50 Million
Status: Under ConstructionDesign completed by Samir Khairallah & Co.Architects WATAG (US)UK Share: Project Manager – D G Jones Ltd
La Residence Beirut Tower by Damac & IvanaTrump: Real estate developer DamacProperties has teamed up with the ex-wife ofbillionaire businessman Donald Trump in aluxury residential tower project planned forLebanons capital Beirut. The $150 million LaResidence tower will be built at theintersection of Omar Daouk and Fakhreddinestreets in Beiruts downtown area with a threeyear construction period set to start in 2007.Interior design work on the 27-storey towersone to three bedroom apartments, duplexesand penthouses will be influenced by IvanaTrump, the former vice-president of interiordesign for the Trump Organisation, whosemarriage to the host of TVs The Apprenticeended in divorce in 1992."We are honoured to be endorsed by IvanaTrump, a world-renowned celebrity who isconsidered a symbol of style, glamour andclass," said Peter Riddoch, CEO of Damac.Damac officials admitted apartments in the LaResidence tower will not be cheap, due toBeiruts surging land prices, and are targetedat mid- and high-income end users.Apartment prices are being released by thecompany today. "Land in Beirut is very limitedand the prices have been going up and up,"said Sofyan Khatib, executive director atDamac Holding.
450 Charles1330 Park Malek Al Aidi TowerAvenue Avenue Ain Mreisseh Tower Al Aidi Tower
AiDakotaBeirut Hilton Berytus Parks Sodeco 788 n Mreisseh Tower Horizon tower
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
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.
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)