imported 2024-03-17 17:43:07
NAVLINK has a unique approach to the needs of our customers. We have a Solutions Center which is staffed with experts from various fields. Our Solutions Center has the ability to digest all the new technologies and listen to what our customers require. Our customers are moving more and more towards IT outsourcing in the Middle East. The trend to IT outsourcing in the Middle East, IT services and infrastructure is reaching this part of the world.
The Lebanon banking sector has grown markedly over the last years with total assets nearing $120 billion as at the end of the first quarter of 2010, customer deposits exceeding the $99 billion mark and loans to the private sector firming at $25.79 billion.
Sustainability today is a reality, not a luxury and you have to look at the environment seriously in design and construction. We are fully committed to to the concept of sustainability and we’re doing what is humanly possible to move in that direction. Sustainable solutions start at the master planning stage.
The model that currently exists for Beirut port is unique in Lebanon but not in the world. Beirut port, is a model where the port is not privatized but it is owned and built by the government. Thus, at Beirut port the risk of the infrastructure and superstructure is the government’s risk. We are the managers of the assets but we are not paid, a flat fee but we share revenue. Every dollar Beirut port gets we get 40 cents so it provides us with incentive to attract business, do the work more efficiently, and provide excellent customer service at Beirut Port.
The prospects for Lebanon ICT development and broadband development will remain good in Lebanon. Over the past 4-5 years we have seen growth in Lebanon ICT sector of around 15-20% and this has been restricted by the unavailability of the basic ingredients for internet-international capacity and availability of access lines in Lebanon ICT sector. If these restrictions were moved, these ingredients present, and reform took place, we could easily see 40-50% growth in the telecom sector .
We’ve worked in Lebanon construction and world construction for more than 65 years. Tabet Construction worked in very difficult countries and delivered. We are not only present in Lebanon Construction but in the Congo we have four or five projects, and we worked with Turkey and the Indians. Tabet Construction has a strategy and a good staff.
Matta Contracting is a family Lebanese contracting company; one of the biggest and oldest in Lebanon, started more than 60 years ago. The particularity of this Lebanses contracting company is that it stayed in Lebanon, and our priority is Lebanon. We worked in Lebanon during the war, during good times and difficulties. We are happy that we stayed in Lebanon, because now with the boom we’re one of the companies ready to face all of the challenges.
We already have the laws we need for the private sector . The business sector is doing not so bad. Of course the ambition that Lebanon would be the financial center for the Middle East…
In 2010 I believe we will see more growth in 2010 and assuming the conditions remain stable Lebanon can realize its potential. Lebanon is a major center for the Arab region and the Arab countries provide the largest amount of tourism to Lebanon . The banking sector has been flourishing and proven itself successful while achieving growth in its deposits.
The sectors that are covered are the productive sectors which led to sustainable job creation : industry, tourism , agriculture, agro industry, ICT as a whole, and media. In the first three months of 2010, 10 projects were submitted to The Investment Development Authority of Lebanon, which shows that there is a lot of interest to invest in Lebanon. The Investment Development Authority of Lebanon is ready to stand beside investors that would like to invest in Lebanon, and we have the ability to provide them with information about the economy, and whatever they want to do with their business.· They can visit our web site or contact as directly ; it is really an open policy for all investors willing to invest in Lebanon.
