Lebanon is playing the industrial zones card to revive its economy 2
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Kheireddine Batache
Wednesday 15 November 2017 Last update on Wednesday, November 15, 2017 At 3:16 PM

Sark Real Estate, a local property development is setting up and managing the new Nahr Ibrahim Industrial Region. The project will be launched in early 2018 with delivery scheduled for 2021.

The new industrial hub will expand on 100,000 square meters (m2) and will be equipped with all necessary infrastructures (smart systems, business center and meeting halls). The cost of this strategic investment is estimated at 100 million dollars. George Khouri, Group Marketing Director, said: “The project will contribute in reducing the operational costs of the tenants.”

An audacious industrial strategy!

Two years ago, in the wake of its new industrial strategy based on the settlement of new industrial zones to boost , the Government concluded an agreement with the United Nations Industrial Development Organization (UNIDO) in order to implement three industrial parks program, located in the Bekaa and Chouf regions.

Due to their key role in attracting foreign investments, creating new job opportunities and boosting the exportations, the Lebanese Government is focusing on strengthening its commitment to develop more industrial zones in the country. On the other hand, this specific vision is expected to help local entrepreneurship environment boosting and contributes in the social and economic development improvement.

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