imported 2024-03-17 17:43:06
The group employs 7500 people in Cyprus, Egypt, England, France, Greece, Lebanon, Saudi Arabia, Sweden, Sudan, Ukraine, and the United States. “Our human capital is the most important capital of INDEVCO group… this is why our people are very much empowered”, says Neemat G. Frem, President & CEO.
Most industrial production is for local consumption; however, it a significant portion is exported. Major merchandise exports are jewelry (27%); electrical equip,equipment and products (16%); base metals (13%); food products (8%), and chemical products (7%).
The industry of Lebanon is one of the main economic sectors and greatly contributes to the financial development of Lebanon.
Lebanese industry sector stands for 19,7% of the country`s GDP. As for the employment, the industry employs 13,8% of the Lebanese workforce. The leading companies of Lebanese industry can be found in the paper/cardboard, plastics, marble, cement, wood and textile sector.
Video Interview with Neemat Frem, CEO of INDEVCO and President of Association of Lebanese Industrialists. The President provides intriguing insights into industry in Lebanon and Lebanon industrial development. Mr. Frem argues that the Lebanese people are the greatest asset for Lebanon industry.
In the past five years, the Lebanon industry has been able to grow around 20% a year which is a very interesting factor. I believe the single most important factor in this was the euro-dollar parity.
Lebanon Privatization, Vice Chairman of MEDCO s.a.l. and Chairman of Phoenicia Oil Company s.a.l., Nicolas G. Chammas
We are the first group in the country to diversify in such a way that we are composed of fourteen completely separate companies that fall under one management group.
Construction Products, Construction Products Holding Company (CPC), Director of Business Development & Administration Affairs, Dr. Faysal Alaquil
As a company that specializes in construction materials we have a great interest in Lebanon. We have been studying Lebanon with very close observation: the political stability, the security of the economy. The government has assured us that there will be a very healthy budget announced soon.
We are seeking to increase our exports and to increase our sales by 50% in the upcoming years. We think we have a strong base in the paper and packaging industry in Lebanon and we look forward to expanding in the region and collaborating with other regional players in paper and packaging industry.
Video Interview with Fadi Abboud, Lebanon Minister of Travel and Tourism. The minister speaks about Lebanon travel industry and shares his personal vision for the future of Lebanon travel industry and for the travel and tourism ministry of Lebanon. Lebanon travel industry is growing at 25% in 2010, one of the highest rates in the whole global travel industry.
Kuwait Minister of Commerce and Industry talks about the Kuwait 5 year development plan and Kuwait economy and defines the agenda of Kuwait ministry of commerce and industry for 2010.
