Project Lebanon 2017 kicks off with momentum - Zawya Projects

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Project Lebanon 2017 kicks off with momentum

SMEs creation is among the priorities of the Cabinet and the Economy Ministry due to its great importance in enhancing innovation, building the future: Minister

17 May 2017

BEIRUT: Economy Minister Raed Khoury emphasized Tuesday the importance of encouraging the creation of small and medium enterprises to grow the economy. “SMEs creation is among the priorities of the Cabinet and the Economy Ministry due to its great importance in enhancing innovation and building the future,” he said during the opening of Project Lebanon 2017.

Project Lebanon 2017, an international trade exhibition for construction materials and equipment for Lebanon and the Middle East, was held by IFP Group at BIEL to give an opportunity for international firms looking to expand their business networks in Lebanon and the region.

Project Lebanon 2017 hosts 450 companies from 21 countries including exhibitors from Cyprus, France, Hungary, India, Italy, Saudi Arabia, Kuwait and Turkey while it expects to receive 22,000 visitors.

“Project Lebanon is an important platform encouraging the youths to start their own projects and become successful locally and in the international arena,” Khoury said.

He also emphasized the importance of securing funds and the proper environment for SMEs for them to succeed.

Khoury also noted that the construction sector contributes to 15 percent of the GDP while it plays a very important social role by securing the necessary infrastructure to achieve economic growth and sustainable development.

“The sector also creates job opportunities in addition to adding value to the architecture field,” he said. “This is why it is important to highlight such an event by emphasizing its role in the economy despite the fact that construction nowadays is suffering from a great slowdown,” he noted.

For his part, IFP Group Chairman Albert Aoun said that the “election of President Michel Aoun, and the government’s efforts under the leadership of Prime Minister Saad Hariri, reflected positively on Project Lebanon this year with the number of companies taking part in the event.

Following the opening speeches, IFP Group presented Honorary Awards to each of the Italian and Turkish ambassadors; Massimo Marotti, and Cagatay Erciyes respectively, as well as the French ambassador, Emmanuel Bonne, represented by the head of Business France in the Middle East, Marc Cagnard.

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