A Hot Spot for Foreign Direct Investment
Lebanon’s free-market economy and liberal financial environment make it an attractive destination for investment and developments. According to the Investment Development Authority of Lebanon, foreign direct investment (FDI) in the country increased from $250 million in 2001 to $3.1 billion in 2014 and $3.2 billion in 2015. It also comprised 6.7% of national GDP in 2016.
A recent report released by Bank Audi revealed that financial inflows into the country increased from $10.5 billion over the first 11 months of 2015 to $14.8 billion over the same period in 2016, reflecting a favorable environment for investment.
Lebanon’s economy which is largely service-oriented, with banking and tourism as its main contributors to growth, is also expected to record a real GDP growth rate of 2.2% in 2017 and 2.3% in 2018, according to World Bank forecasts.
With a strong market potential and an increased demand for new infrastructure and tourism projects, the country is bursting with opportunities and developments. Lebanon's diversified geography and attractive investment environment have established the country as the region’s ultimate hot spot for tourism and mixed-use developments with an impressive number of multi-million projects.