Lebanon News

Machnouk urges Qatari businessmen to invest in Lebanon

Minister Nouhad Machnouk is on an official trip to Doha, meeting with security and economic figures in the Gulf state. (The Daily Star/Mahmoud Kheir)

BEIRUT: Interior Minister Nouhad Machnouk sounded upbeat Thursday over Lebanon’s economic future, saying oil and gas resources would play a major role while urging Qatari businessmen to invest in the country.

“In the next 10 years, Lebanon will witness a grand economic boost as a result of the promising discoveries of oil,” Machnouk said during a meeting in Doha with the head of the Trade and Industry Chamber, Sheikh Khalifah Bin Jasem al-Thani, and a number of Qatari businessmen.

“Arab investments in Lebanon did no lose in the last four decades but have increased in the real estate market instead despite the conflicts,” said the minister, who is the third day of an official visit to Doha.

He also said that Lebanon enjoyed advantages in terms of its education sector with the presence of several prestigious universities as well as the persistent high standards in the medical and services industries.

Machnouk urged Qatari businessmen to come to Lebanon, as their Gulf counterparts in Saudi Arabia and Kuwait have.

Finance and Oil Minister Abdullah bin Hamad al-Attiyah later hosted Machnouk for lunch.





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