He said these requests could be passed by a new Cabinet easily because all the necessary measures to implement the investments had been taken.
"I don't think any minister will object to these investments because they will create jobs," Itani said.
According to the
Tourism represented 52 percent of the jobs created through IDAL last year, followed by 28 percent in the industrial projects.
Itani said that foreign direct investment in general in 2013 was close to
As usual, the bulk of the FDI focused on real estate projects.
Itani said most of these investments were initiated by Lebanese businessmen and expatriates.
"Naturally, the absence of Arab tourists has caused lot of damage to the economic sector. However, we are still receiving lot of inquiries from potential investors," he said.
Founded in 1994, IDAL's main task is to promote
Itani said investors were paying more attention to high-tech industries and software programming although the size of these investments was relatively small compared to investments in hotels and resorts.
"There is a growing trend to invest in the IT sector in
IDAL also gave incentives to a number of pharmaceutical factories.
The Arwan plant has created 83 jobs and produces different types of medications that can meet the needs of the Lebanese market.
Itani said that no foreign investors had pulled their investments out of
The official also underlined the need to form a Cabinet as quickly as possible in order to restore confidence in
"The Syrian crisis has surely had a negative impact on
Itani added that a new Cabinet could ease the tension in the country to some extent even if the war in
"The Cabinet can pass laws and approve important projects processed by IDAL," he said. "If we wanted to bring in investments and attract more tourists then the first thing to do is form a Cabinet."
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