Lebanon

Info

Official name Lebanon
Political capital Beirut
Territory surface 10.452 km2
Population 5.988.000
Population density 573 km2
Major cities Beirut, Tripoli, Jounieh, Sidone
Form of Government Parliamentary multi-confessional Republic
Official religions Islam, Jews, Christian (Maronite Catholic, Greek Orthodox, Melkite Catholic, Protestants
Local currency Lebanese pound (LBP)
Currency exchange rate 0.000556898 EUR
GDP 87.9 billion USD
GDP rate 1.50%
Inflation 5.01%
Unemployment 6.70%
Official languages Arabic (official), French (recognized)
Political situation Lebanon is a parliamentary democracy based on a multi-faith system. The offices of the State are divided among the 18 officially recognized confessions. The President of the Republic is a Christian; the Speaker of Parliament is Shiite and the Prime Minister is Sunni. Half of the 128 parliamentary seats and ministerial seats are reserved for Christian exponents; the other half is instead divided between the Muslim communities (Sunnis, Shiites, Druses and Alawites). Lebanon has always represented an example of democracy within the Arab world. Seen from a regional point of view, the situation in Lebanon is primarily affected by relations with the two neighboring countries, namely Israel and Syria.

Why Lebanon

The Italian commercial presence is well established and covers all sectors, from investment to consumer goods and intermediate goods. The local market is certainly not relevant for volume, but has a high degree of exchanges opening and several triangulations, in the segments with high standard, and is also a launching platform towards the Middle East area, putting at the service its affinities with the world Western Europe and industrial systems.

Investment opportunities in Lebanon

In Lebanon there is a strong liberalist economy and has a high availability of qualified human resources. Furthermore, there is a strong banking system that makes it possible to carry out infrastructure projects in various sectors such as: electricity and gas; water supply, sewerage and waste treatment and rehabilitation activities; agricultural, fishing and forestry products; buildings and real estate activities.