Arab, Western investors scouting for investment opportunities in Lebanon


investing-in-lebanonForeign direct investment in Lebanon dropped because of the the presidential election impasse . According to the United Nations Conference on Trade & Development, it fell to $2.34 billion in 2015 from $2.7 billion in 2013, the last full year in which a president was in office.

But following the election of President Michel Aoun , several Arab and Western companies sent representatives to Lebanon to scout for investment opportunities according to Lebanese media reports.

Al Mustaqbal newspaper reported that unidentified companies had drawn up plans to invest in Lebanese businesses following Aoun’s election.

Since the start of the Syrian crisis in 2011, Arab investment in the Lebanese market has been on the decline

Most GCC countries have advised their citizens not to travel to Lebanon, traditionally a touristic and business destination for Gulf nationals, in protest at perceived hostile stances against the kingdom linked to Hezbollah and Iran at Arab League and Islamic meetings.

President Michel Aoun has been actively seeking to restore Lebanon’s regional relations since his election on Oct. 31.

Ayham Kamel, Middle East and North Africa director at Eurasia Group, said on October 31 that a comprehensive agreement among the key political parties in Lebanon will be a “very positive message for investors.”

“We’re moving to a much more coherent state where policy begins to move on a lot of issues,” he said by phone from London.

About two hours before the election session began, the share price of Solidere, Lebanon’s largest property developer founded by Hariri’s father, were up 1 percent at 11:23 a.m. in Beirut after rising as much as 4.2 percent, Bloomberg reported



2 responses to “Arab, Western investors scouting for investment opportunities in Lebanon”

  1. I think this article is a bit biased against us.

    The article does not include the tens of millions of dollars of investment by the crazy Iranian mullahs paying our dead and injured children through Hezbollah to be mercenaries throughout the world. That is bias in reporting.

    Nor does the article include the tens of millions of dollars of investment by the crazy Iranian mullahs paying to bring Hezbollah military equipment into our country. It takes additional investment to teach our children how to use that military equipment. That can be called an investment in our children’s educational funding.

    Needless to say with Hezbollah’s involvement in worldwide drug pushing, the article did not state how those monies get pushed through our economy. Again, biased reporting because investment would be higher if that was considered.

    What about investment dollars being paid to the families of dead and injured Hezbollah mercenaries? We can ask any of those family members all the support money the are getting from the crazy Iranian mullahs. Although most family members now live in poverty and misery, at least they are being paid a few dollars of investment money.

    The author, obviously biased, is not an honest reporter. Not only are the crazy Iranian mullahs investing in our economy, but killing our children which raises per person GDP.

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