IDAL supports Lebanon’s participation in ICT exhibition in Riyadh

As part of support by the Investment Development Authority of Lebanon (IDAL) for information technology in Lebanon to open new markets, IDAL sponsored the Lebanese pavilion at the Arabnet Riyadh exhibition and conference 2019 between December 10 and 11. Lebanon was represented by 18 startups and SMEs in the IT sector. Mazen Sweid, IDAL’s president, held sideline meetings with Saudi officials to discuss potential channels of cooperation, particularly to boost and empower Lebanese SMEs and startups. As a result, several arrangements were reached, notably, the support to IDAL and therefore to Lebanese companies, by the Saudi General Authority for Small and Medium Enterprises (Monshaat). This is achieved through the following: the exchange of information, activating markets and promotion in technical areas; organizing tours that bring together Lebanese and Saudi companies to stimulate investment prospects in a variety of sectors, and organizing sectoral activities to facilitate collaboration between Lebanese firms and Saudi investors interested in capitalizing in joint projects or buying made-in-Lebanon products. (Al Diyar, December 14, 2019)