investinlebanon.gov.lb LEBANON AND KINGDOM OF SAUDI ARABIA INVESTMENT CLIMATE
TRADE ACTIVITY BETWEEN LEBANON AND KSA HAS BEEN SIGNIFICANT OVER THE LAST 4 YEARS IMPORTS FROM KSA (2012-2015 I USD 000) EXPORTS TO KSA (2012-2015 I USD 000) Source: Lebanese Customs
MAJOR IMPORTS FROM KSA ARE PLASTICS, CHEMICAL PRODUCTS, PREPARED FOODSTUFFS, AND MINERAL PRODUCTS MAJOR IMPORTS FROM KSA (% SHARE ) (2015) Source: Lebanese Customs
WHILE MAJOR LEBANESE EXPORTS TO KSA ARE PREPARED FOODSTUFFS, MACHINERY AND ELECTRICAL INSTRUMENTS, AND CHEMICAL PRODUCTS MAJOR EXPORTS TO KSA (% SHARE ) (2015) Source: Lebanese Customs
A BILATERAL TRADE AGREEMENT BETWEEN THE 2 COUNTRIES WAS SIGNED IN 1971 AIMING AT: Encouraging transit trade, cooperation in custom regulations, including a list of tariff exemptions (mainly agriculture, animal) Encouraging economic and development projects between the 2 countries Exchanging Products Facilitating capital movement and payments between both countries Facilitating relations between KSA and Lebanon and working toward find solutions to any problem they might encounter Special treatment regarding customs taxes and their rules and applications
ANOTHER AGREEMENT BETWEEN ARAB COUNTRIES (INCLUDING LEBANON AND KSA): GENERAL ARAB FREE TRADE AGREEMENT (GAFTA) GAFTA was declared within the Social and Economic Council of the Arab League as an executive program to activate the Trade Facilitation and Development Agreement that has been in force since January 1st, 1998. The GAFTA includes in its membership 17 Arab countries This was set for establishing the Arab Free Trade Area (AFTA) The AFTA applies to products as follows: Agriculture and Animal products (Chapters 1 to 24), whether in their raw or processed form Preferential treatment among member countries
KSA IS ONE OF THE MOST IMPORTANT INVESTORS IN LEBANON, WITH SAUDI COMPANIES SCATTERED ACROSS DIFFERENT INDUSTRIES Source: IDAL s Calculations
AND MOSTLY DISTRIBUTED IN THE TOURISM AND RETAIL SECTORS DISTRIBUTION OF SAUDI PROJECTS IN LEBANON BY SECTOR (% SHARE ) (2004-2015) Source: IDAL s Calculations
IDAL FACILITATED SOME SAUDI S INVESTMENTS AND PROVIDED FISCAL INCENTIVES THAT CAN GO UP TO 100% EXEMPTION ON CORPORATE TAX FOUR SEASONS HOTEL The Four Seasons Hotel is one of the first investment projects that were mediated by IDAL, located in downtown Beirut. It offers terraced hotel rooms, a rooftop lounge, a luxurious spa, and other state-of-the-art facilities. Sub-sector: Hotels & Resorts Investment Size: USD 144.2 million Jobs Created: 327 Type of Investment: Foreign Affiliate Nationality of Investor: Saudi Arabian Approval Date: 2004 Operation Date: 2010 Type of Incentive Scheme from IDAL: Package Deal Contract (PDC)
IDAL FACILITATED SOME SAUDI S INVESTMENTS AND PROVIDED FISCAL INCENTIVES THAT CAN GO UP TO 100% EXEMPTION ON CORPORATE TAX GRAND HYATT HOTEL The Grand Hyatt is a five-star luxury hotel, located in downtown will offer high-quality standard guest rooms, suites, and restaurants, in addition to retail shops and residential suites. Sub-sector: Hotels & Resorts Investment Size: USD 81.1 million Jobs Created: 440 Type of Investment: Foreign Affiliate Nationality of Investor: Lebanese-Saudi Arabian Approval Date: 2004 Operation Date: 2014 Type of Incentive Scheme from IDAL: Package Deal Contract (PDC)
IDAL FACILITATED SOME SAUDI S INVESTMENTS AND PROVIDED FISCAL INCENTIVES THAT CAN GO UP TO 100% EXEMPTION ON CORPORATE TAX SUMMERLAND KEMPINSKI HOTEL This project involves the reconstruction of the former Summerland Hotel in Beirut covering a total built area of 65,000 sqm. Managed by the international chain Kempinski Hotels, the resort will consist of a fivestar hotel, restaurants and retail stores, in addition to a health club, marina and other outdoor facilities. Sub-sector: Hotels & Resorts Investment Size: USD 155.5 million Jobs Created: 221 Type of Investment: Foreign Affiliate Nationality of Investor: Lebanese-Saudi Arabian Approval Date: 2010 Operation Date: 2015 Type of Incentive Scheme from IDAL: Package Deal Contract (PDC) MANDARIN ORIENTAL The international hotel chain will manage a fivestar hotel, to be located in Beirut s central district. The project will also feature a center for cultural activities and entertainment. Sub-sector: Hotels & Resorts Investment Size: USD 208 million Jobs Created: 250 Type of Investment: Joint Venture Nationality of Investor: Lebanese-Saudi Arabian Approval Date: 2012 Operation Date: 2017 Type of Incentive Scheme from IDAL: Package Deal Contract (PDC)
VIEW THE POSITIVE CONTRIBUTION OF KSA TO THE LEBANESE ECONOMY, IDAL WAS HONORED TO AWARD THE KINGDOM OF SAUDI ARABIA
IDAL 15 ANNIVERSARY WAS AN OPPORTUNITY TO PRESENT THIS AWARD IN THE PRESENCE OF MINISTERS, AMBASSADORS OF ARAB AND FOREIGN STATES
WE ARE ALWAYS LOOKING FORWARD TO DO MORE BUSINESS AND ACHIEVE NEW SUCCESS STORIES WITH THE KINGDOM OF SAUDI ARABIA
CONTACT US INVESTMENT DEVELOPMENT AUTHORITY OF LEBANON