In this article, our company formation advisors in Lebanon present a few of the most attractive investment industries in Lebanon.
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The tourism industry in Lebanon
The tourism and travel industries in Lebanon are major players in the economy of the country. Their total contribution to the GDP of Lebanon is of around 20%.
Important private investments are being made at the moment in the modernization and development of these industries, while international hotels have come back into the country.
This helps the capital, Beirut, for example, regain its former unofficial title as the “Paris of the Middle East” which it used to hold before the Lebanese Civil War from 1875 to 1990.
The trade sector
The trade sector is definitely one of the most attractive investment sectors in Lebanon.
The GDP (Gross Domestic Product) in Lebanon was USD 50.2 billion in 2015. The export of goods and services amounted to USD 3.9 billion in 2016, while the imports of goods and services – USD 17.6 billion in the same year.
Infrastructure in Lebanon
Starting with 1990, Lebanon and especially Beirut, have registered a boom in the building activity of roads, apartment buildings and business offices which were built at a fast rate.
According to the Investment Development Authority of Lebanon, the country has 7,200 km of paved roads. 97% of the roads in this state are paved.
Beirut is served in a large manner by taxis. The shared taxi concerns are constituted into associations with routes which cover certain areas.
Our Lebanon company formation consultants can provide more information related to this matters. We can also help you to open a company in Lebanon.
The local railway services have been ceased and a new city transport body, the TCB, was set up in 1993. Municipal bus services were abolished in 1975, however, in 1994, bids were invited to supply 140 city buses.
Private companies manage bus services which connect all the major domestic cities and towns among themselves.
The internet and telephone networks in Lebanon
Even though there are certain limitations because of the electricity supply, the Internet has quickly developed and the telephone network – even more.
As declared by the Internet World Stats, in Lebanon there were 2,152,950 Internet utilizers and an Internet penetration of 52% in 2012, compared to only 600,000 users or 13.3% in 2005. Our company registration representatives in Lebanon can assist you to set up a company in this industry here.
If you would like to know more about the investment opportunities in Lebanon, or for help to open offshore companies in Lebanon, we kindly invite you to contact our friendly staff.