Despite the economic, fiscal and health issues that the country has been facing, IDAL has seen an increasing investor appetite in industries that will serve as import substitution for foreign goods. In the last 3 months and since the start of the lockdown,
IDAL has been in contact with more than 35 investors with serious investment leads in Industrial and Agro Industrial factories as well as Agricultural projects.
More than 30% of the investments were in the Agro-Industrial sector, 23% in ICT and 21% in Industry.
The current economic crisis is serving as an opportunity for Lebanese investors to put together their entrepreneurial skills and start producing locally, become less dependent on expensive imports while contributing to food and economic security.This has been coupled with an increase readiness for companies to explore external markets, taking advantage of the devaluation while tapping on the potential of the country to become a hub for outsourcing products and services.
ANNOUNCED PROJECTS BY SUB-SECTORS
attracted 11 potential greenfield projects with 3 projects dedicated to the production of Pasta . Lebanese SMEs are trying to adapt to the new normal and are increasingly interested to produce locally and address local demand.
The production of pasta has gained increasing interest from investors due to its low capital investment requirements, the simplicity of the process of the production of pasta, and the increasing cost of imported pasta.
attracted the second largest number of potential greenfield projects with important concentration of projects in e-commerce solutions. The ICT sector will be the prim
ary battleground for Lebanon to compete against regional peers in increasing the market share of outsourcing IT services to the GCC countries.
attracted 7 potential greenfield projects across various sub-sectors with primary focus on the production of pharmaceutical products, medical supplies and Personal Protective Equipment (PPE) that are related to COVID-19.