February 2019
LIVE PPP OPPORTUNITIES IN LEBANON…
Lebanese government opens up billions of dollars of FDI infrastructure opportunities for investment, via new Private Public Partnership opportunities!
This could be of interest to AGN member firm clients, in the following sectors;
• Property developers
• Construction companies
• Waste and water treatment
• Transport
• Infrastructure
• Energy

The enactment by the Lebanese government of Law No. 48 in 2017, created an exciting opportunity for property development clients and investors. The law enables the development of Private and Public Partnerships (PPP). A PPP, is a business model for the development of public infrastructure projects.

Essentially a PPP allows governments to concentrate on their regulatory and social policy role, while the private sector is free to invest funds and leverage its expertise in developing projects.

The Lebanese government has plans for about 250 projects which include transport, water, and power sectors. The aim to raise growth, to between 6% and 7% a year. Projects include:
• 2 x New airport terminals (an express way)
• 2 x New port projects
• Dam and waste water projects
• Data Center facilities
• Hazardous waste and recycling plants

GREAT BUSINESS CONDITIONS
Lebanon has a growing economy, low levels of unemployment, and an educated workforce with the highest literacy rate in the Arab world. It’s expected to see a 2% growth in GDP in 2018, with GDP forecast to reach $55bn by 2030. It already attracts $2.1bn of foreign direct investment. So, it’s a relatively straight forward market to operate in.

A foreign investor can establish a business under the same conditions to those of a Lebanese national, provided that the business is registered in the Commercial Register. Foreign investors can generally establish a Lebanese company, to participate in a joint venture, or establish a local branch or subsidiary of their company without difficulty. Additionally, a foreign non-resident chairman/general manager of a holding, or an offshore company is exempt from the obligation of holding work and residency permits.
CONTACT DETAILS
If you or your clients would like to know more about how to make an investment in Lebanon, or how their particular product or service might be relevant to the burgeoning PPP environment, or indeed if they are interested more generally in doing business in the lucrative markets of the Arabian-peninsula, then please make contact:
SERHAL NASSAR & COMPANY
Contact Person: Zalpha Nassar
Phone: (+961 1) 338448
EMail: info@serhalco.com
Website: www.serhalco.com

AGN International Ltd is a company limited by guarantee registered in England & Wales, number 3132548, registered office at 24 Greville Street, London EC1N 8SS, United Kingdom.
AGN International Ltd (and its regional affiliates; together “AGN”) is a not-for-profit worldwide membership association of separate and independent accounting and advisory businesses. AGN does not provide services to the clients of its members, which are provided by Members alone. AGN and its Members are not in partnership together, they are neither agents of nor obligate one another, and they are not responsible or liable for each other’s services, actions or inactions.
This communication is generic in nature, for general information only and does not constitute professional advice. It should not be relied upon in arriving at any decision, and no responsibility is accepted. Salient facts should be verified and professional advice should be taken before taking or refraining from any course of action.
Copyright © 2017 AGN International Ltd, All rights reserved. You are receiving this because you are a member of AGN International Ltd
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AGN International Ltd is a company limited by guarantee registered in England & Wales, number 3132548, registered office at 24 Greville Street, London EC1N 8SS, United Kingdom.
AGN International Ltd (and its regional affiliates; together “AGN”) is a not-for-profit worldwide membership association of separate and independent accounting and advisory businesses. AGN does not provide services to the clients of its members, which are provided by Members alone. AGN and its Members are not in partnership together, they are neither agents of nor obligate one another, and they are not responsible or liable for each other’s services, actions or inactions.
This communication is generic in nature, for general information only and does not constitute professional advice. It should not be relied upon in arriving at any decision, and no responsibility is accepted. Salient facts should be verified and professional advice should be taken before taking or refraining from any course of action.
Copyright © 2017 AGN International Ltd, All rights reserved. You are receiving this because you are a member of AGN International Ltd