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Banking on ICT sector to generate jobs for the youth

26-9-2017

The information technology and communication sector presents itself as a promising industry in Lebanon particularly in generating jobs and stimulating the economy. In this respect, the CEO of the Investment Development Authority of Lebanon IDAL, Nabil Itani, discussed during his visit to Stockholm the reality and prospects of ITC investments while touring a number of business incubators. The purpose of the visit which came upon invitation from IDAL’s Swedish counterpart, was to learn how to shift to knowledge-based economy and create a friendly environment for startups by helping them grow and prosper, in addition to establishing partnerships for exchange of information and expertise. In a related vein, the minister of industry, Hussein Haj Hassan, pressed the need to develop Lebanese economy through the creation of innovative opportunities in the development of software, electronics, and IT engineering and sciences. Haj Hassan who was speaking during his opening of the 12th annual conference of National Instruments, said: “We must be convinced that these contemporary industries contribute to resolving economic challenges and to building an economic component deeply integrated in the national economy.” Likewise, Lebanon’s Premier lauded the Beirut Digital District project in Bshara al Khoury neighborhood as a platform for digital investment and pioneering industries, in addition to its provision of jobs for the young generation. In the same context, Ogero launched its first Smart City concept at Beirut Misk with the fiber-to-the-home network, noting that this step comes in the framework of efforts by the telecom sector to keep with global groundbreaking ITC developments. (Al Mustaqbal, Al Diyar, An Nahar, September 16, 17, 18, 2017)

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