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Lebanon to develop industrial zones to stimulate economic growth

15.11.2016  12:46

The Ministry of Industry and The United Nations Industrial Development Organization (UNIDO) launched a new project to develop industrial zones in the country. With the project they will focus on helping solve problems relating to business infrastructure, attract investment, foster skilled manpower, and facilitate the growth of local small and medium-sized enterprises (SMEs).
UNIDO will work in close collaboration with the Ministry of Industry and the Association of Lebanese Industrialists to prepare the masterplans for establishing industrial zones in three selected locations. With the technical support of UNIDO and the financial aid of the Italian government, three new industrial parks will be built in the Bekaa Valley in Lebanon.
This initiative will support the national industrial strategy, aiming to strengthen the inclusive and sustainable economic development and to stimulate the increase of employment opportunities in the industrial sector.
The industrial sector was not given enough attention before, so the creation of these parks will contribute to supporting the industrial sector in a bid to ensure its survival after it has been neglected for years.



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