Lebanon: Private industrial zone to be developed in Shouf

The new zone will include agro-industrial enterprises and agricultural lands

The Lebanon Fund for Development and Innovation (LFDI), in collaboration with the local community and the private sector, has launched the Iklim Economic Zone in the Shouf, an agro-industrial zone which is expected to be completed in early 2019.

The total area of the economic zone is 96,000 square meters. It will include small- and medium-sized agro-industrial factories, and agricultural land. Imad Hamdan, General Manager of LFDI said: “There are requests from many entrepreneurs to join the zone. So far 15 have been accepted.” Industries in the zone would include tomato paste, olive oil, carob molasses, and others.

The zone will benefit from special program for exports. The Beirut Arab University will help enterprises in developing varieties of food products. It will provide innovative solutions that add value to their products. All the products manufactured in the Iklim Economic Zone will have the same brand name, ‘Bioklim’.

LFDI have plans to establish similar funds for Tripoli, Zahle, Akkar, Nabatieh, Metn, and Beirut.

Source: businessnews.com.lb