I want to
apply for IDAL’s incentives
know if I qualify for IDAL’s incentives
know what are the steps to open a business
know what are the licenses and permits needed to open a business
know more about Investment Opportunities in Lebanon
access Global Bids
operate in Lebanon
Technology

 

Technology innovations are increasingly acting as engines for the competitiveness and sustainability of world economies. Advances in the technology sector have not only driven the growth of the sector, but also innovations and productivity across all other sectors and industries.

 

The MENA region is riding the technology wave, highlighted by commitments from various national governments to diversify their economies and invest in industries with high technology focus. Lebanon has also started to benefit from the restructuring of the global value chain and has witnessed a surge of high tech companies specialized in the manufacture of electrical equipment, clean technologies and in the design of hardware components and semiconductors. These industries, characterized by high growth dynamics, are helping to create various opportunities for pioneering and innovative companies in Lebanon.

 

KEY FACTS AND FIGURES:
 

  • The domestic technology sector hinges on export-oriented manufacturing: the shares of Lebanese high-tech products as a portion of total manufactured exports have increased from 2% to 13% from 2007 to 2010
  • Lebanon presents investment opportunities in the design of high end electronics and the manufacture of specialized components. Lebanon can act as a product development base, or as an outsourcing base mainly for the design & manufacturing of critical components as well as in services & maintenance
  • Lebanon is well suited to be the home base of regional headquarters, developing specialized products (such as Arabic and Islamic products and services, Smart devices for the energy and utility sectors, Devices and systems for urban and infrastructure management) responding to the needs of around 400 million potential customers
  • Lebanon’s well developed medical and health infrastructure underlies the country’s potential to offer services ranging from research, product development, design and systems engineering of medical applications. In 2011, the local medical devices market was estimated at USD 271 million and is forecasted to reach  USD 457 million by 2016
  • R&D potential: Lebanon possesses the fundamentals to move along the path of innovation. Main opportunities are present in industry and engineering, environment and agriculture, and medicine and health care

 

COMPETITIVE ADVANTAGES:
 

  • Highly skilled and multi-lingual labor force:
    • Lebanon ranks 28th worldwide for the Quality of its Educational System, while it occupies the 5th place for Math and Sciences Education
    • Around 3000 engineers graduate each year and join a labor force of currently comprising 1.3 million workers
  • Competitive salary base: the average wage of software engineers is nearly 37% lower than in the GCC and nearly 50% lower than in selected developed economies
  • A fast emerging cluster: the technology cluster is rapidly emerging in Lebanon with a considerable number of SMEs taking up the challenge of finding real world solutions and developing new products to the global market
  • Increasing financial support to the sector: the government is providing financial breaks for companies operating in the sector


For more information on sector, please download the sector’s fact book.

Technology Fact Book 2015
Technology Investment Incentives
Useful Addresses