Industrial permits up by 45 percent
2018-11-13
139 licenses for new establishments

The Ministry of Industry (MoI) issued 476 industrial permits in the first six months of the year, a 45 percent increase compared to the same period last year. These include new establishment licenses, expansion approvals, exploitation permits, and renewals.

The MoI issued 139 licenses for the establishment of new factories. “Investors’ appetite for putting money in the industrial sector is growing,” said Dany Gedeon, Director General at the Ministry.

Food industries and construction material industries accounted for 40 percent of licenses for new factories. “Small and medium-sized projects are opting for opportunities in the agro-food sector, especially in rural areas,” said Georges Nesraoui, Vice Chairman of the Association of Lebanese Industrialists. The majority of these factories produce pickles, spices, and traditional sweet beverages. 

Reported by Rania Ghanem
Source : Businessnews
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