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Lebanese businesswomen focus on attracting investments
1-6-2017
The Gathering of Lebanese Businessmen and Businesswomen (RDCL World) discussed at the regular meeting of its board of directors chaired by Fouad Zamakhal key issues related to attracting foreign and emigrant investments. The meeting drew attention to the current stalemate in the issuance of a new electoral law which, if ratified, would spare the country a vacuum in the legislative arena. They pointed to the lack of basic incentives necessary for attracting investments in general, starting with the need to cut taxes, amidst an absence of investments in the national economy and a solid law of partnership between the private and public sectors. Zamakhal reiterated the demands of RDCL World which focus on a need to create opportunities for economic growth, contrary to what is officially proposed in terms of tax hikes that have burdened individuals, companies, as well as investors and expatriates. “We cannot ask Lebanese emigrants to invest in Lebanon if we have done nothing to improve the business environment,” Zamakhal concluded. And referring to the global country ranking by quality of infrastructure 2016 where Lebanon was placed 140th (out of 144 states), Zamakhal said “this does not inspire investment unless the infrastructure is improved, especially in the area of electricity which is still interrupted by rationing in the capital and in the regions. (Al Mustaqbal, June 1, 2017)
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- العربية
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