Investments in Lebanon Principles and Legislation A Lecture at Beirut Arab University

For the occasion of the Golden Jubilee and within the framework of the cultural season at the Faculty of Architectural Engineering at BAU, Eng. Nabil Itani, Chairperson and General Manager of The Investment Development Authority of Lebanon (IDAL) gave a lecture entitled “Investments in Lebanon: Principles and Legislations” at the BAU Campus at Debbieh. The event that was held on the 17th of April 2013, was attended by Prof. Dr. Amr Galal El Adawi, President of BAU, Prof. Dr. Hafiza Haddad, BAU President's Advisor for Legal Affairs and Dean of the Faculty of Law and Political Sciences, Prof. Dr. Adel El Kurdi, Dean of the Faculty of Engineering, Dr. Omar Houri, Assistant Dean of the Faculty of Law and Political Sciences and Director of the Human Rights Center at BAU, staff members and a crowd of students.

After the Lebanese National Anthem and BAU Anthems were played, the Dean of the Faculty of Architectural Engineering, Prof. Ahmed Attia, pointed out the academic role played by the Faculty in yearly graduating classes of students, aiming at enriching the job-market. These graduates will build their country on strong and correct scientific bases. Thus, encouraging investments and attracting investors is bound to increase the number of job-opportunities available to young graduates, and enables their country to reap the fruits of years of studying. Graduates will also acquire experiences at home, and will not need to emigrate.

Mr. Itani then spoke about the principles and legislations adopted in Lebanon, as well as the process of enforcing investors’ rights and duties by securing investment opportunities for them. This is achieved by creating an atmosphere that encourages investment in various sectors, in the light of the positive image that the respective sector will reflect on Lebanon. 

Itani added that IDAL (the Investment Development Authority of Lebanon) is exerting great efforts in establishing sound principles and rules for investment and attracting investors to Lebanon by securing economic, commercial and industrial information that helps investors from abroad to invest their money in various sectors, and prepare studies, documents and proposals relevant to the investment atmosphere in Lebanon and the various arenas available for investment. The aim is to keep Lebanon always as a pivotal player in the world of investment and production.