Minister Raed Khoury speaks during a press conference in Beirut, Tuesday, Dec. 20, 2016. (The Daily Star/Mohammad Azakir)
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International consulting group McKinsey & Company will submit a recommendation to the Lebanese government in the next five to six months on the ideal economic model Lebanon should follow in the future, Economy and Trade Minister Raed Khoury said Wednesday.Khoury said the contract, which is valued at $1.5 million, involves workshops, meetings with officials, collecting data and analyzing each economic sector."McKinsey will create a policy for every economic sector in the country in order to promote and protect these sectors," Khoury said.He argued that the new recommendations would help attract foreign investments in these sectors.Khoury said that Lebanon may not be in a position to compete with other countries in all industries and agricultural production.
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