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IDAL 2014 company profile

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Information about IDAL 2014 company profile
Investor Relations

Published on February 17, 2014

Author: Invest_Lebanon

Source: slideshare.net

Description

This is a presentation on the institution, its role and mandate and what it can do for you. Covering incentives, support, achievements, and a section on "Why to Invest in Lebanon"
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COMPANY PROFILE

HEADLINES 1. ABOUT US 2. OUR CONSULTANCY SERVICES 3. TARGETED SECTORS 4. OUR INCENTIVES 5.OUR ACHIEVEMENTS 6. LEBANON AT A GLANCE 7. CONTACT US IDAL | 2014

ABOUT IDAL THE INVESTMENT DEVELOPMENT AUTHORITY OF LEBANON (IDAL) THE NATIONAL INVESTMENT PROMOTION AGENCY OF LEBANON 1 ESTABLISHED IN 1994 with the aim of promoting Lebanon as a key investment destination, and attracting, facilitating and retaining investments in the country GOVERNANCE IDAL reports to the President of the Council of Ministers who exercises a tutorial authority over it. It has financial and administrative autonomy INVESTMENT LAW NO.360 was enacted in 2001 regulating investment activities in Lebanon IDAL is tasked with 2 Mandates: Investment Promotion. IDAL is an investment promotion agency which provides investors with a range of incentives and business support services – IDAL | 2014 – Export Promotion. IDAL is also entrusted with the active promotion and marketing of Lebanese exports including agricultural and agro-industrial products.

OUR MANDATES INVESTMENT PROMOTION • Provide economic, commercial and legal information of relevance to investors • Identifies business opportunities across various economic sectors • Provide in depth analysis of sectors • Grant fiscal exemptions and fees reduction to investment projects • Facilitate issuance of permits and licenses • Provide on-going support for investment projects • Actively promotes Lebanon as key investment destination IDAL | 2014 2 EXPORT PROMOTION • Provide data on external markets • Support companies in selected sectors in accessing external markets • Provide promotional materials • Subsidize participation in foreign fairs • IDAL currently has in place 2 export promotion programs: AGRI PLUS (2004): Which provides subsidies and support to exporters of agricultural products AGRO MAP (2012): Which subsidizes the participation of agro food companies in foreign fairs licenses

OUR STRUCTURE BOARD OF DIRECTORS 3 EXECUTIVE MANAGEMENT CHAIRMAN AND GENERAL MANAGER STUDIES, PLANNING, AND STATISTICS DIRECTORATE INFORMATION AND PROMOTION DIRECTORATE ONE-STOP-SHOP DIRECTORATE (OSS) FINANCE AND ADMINSTRATIVE AFFAIRS DIRECTORATE Studies, Strategic Planning & Follow-up Marketing & Promotion Licenses & Incentives Financial Affairs Statistics & Data Media & Communication Post Investment Services Legal Affairs Programs Implementation Admin & Human Resources Affairs Secretariat Information Technology IDAL | 2014

HEADLINES 1. ABOUT US 2. OUR CONSULTANCY SERVICES 3. TARGETED SECTORS 4. OUR INCENTIVES 5. OUR ACHIEVEMENTS 6. LEBANON AT A GLANCE 7. CONTACT US IDAL | 2014

1 OUR CONSULTANCY SERVICES INVESTOR IDAL SERVES AS A CONSULTANT TO THE INVESTING COMPANY, WITH EXPERTISE ON THE LOCAL AND REGIONAL MARKET Market Intelligence IDAL | 2014 Facilitates issuance of procedures Business Matchmaking

OUR CONSULTANCY SERVICES 2 Provision of market intelligence (by sector and topic) Introduction to potential partners and suppliers Advising on the financing of the project (including incentives) Matching with potential investors/entrepreneurs Assistance in applying for incentives Assistance in coordinating with licensing authorities to facilitate the issuance of licenses and permits (to set-up and operate a business) IDAL | 2014

OUR CONSULTANCY SERVICES 3 WE CAN PROVIDE YOU WITH A FULL RANGE OF CONSULTANCY SERVICES FOR YOUR INVESTMENT PROJECT Strategy Evaluation Decision and Investment STEPS: Meeting with IDAL Legal Advisor and financial partners Discussion of Market Intelligence project location, and incentive Provision schemes Incentives Application /Evaluation of Project Feasibility Follow up with PCM* for project approval Follow up on permits issuance Chairman IDAL and Concerned Authorities RELEVANT DIRECTORATES AT IDAL: IDAL Sector IDAL Chairman Experts and OSS IDAL Chairman and OSS * PCM: Presidency of the Council of Ministers IDAL | 2014 Financial Institutions IDAL OSS

HEADLINES 1. ABOUT US 2. OUR CONSULTANCY SERVICES 3. TARGETED SECTORS 4. OUR INCENTIVES 5. OUR ACHIEVEMENTS 6. LEBANON AT A GLANCE 7. CONTACT US IDAL | 2014

Selected on their readiness & potential for development These sectors were included in Law 360 in 2001 EIGHT SECTORS ARE ELIGIBLE FOR OUR INCENTIVES IDAL PROVIDES INCENTIVES TO EIGHT SECTORS WITH GROWTH POTENTIAL AND READINESS FOR DEVELOPMENT INDUSTRY FOOD AND BEVERAGES TOURISM AGRICULTURE INFORMATION TECHNOLOGY TECHNOLOGY TELECOM IDAL | 2014 1 MEDIA

TARGETED SECTORS INDUSTRY 2 - Machinery & Equipment - Rubber, Plastics, Non-Metallic Mineral Products, Metals - Chemicals & Pharmaceuticals - Furniture - Textiles and Paper Products - Hotels - Leisure Facilities - Healthcare Tourism - Cultural & Religious - Business Conferences - Manufacturing plants - Bottling facilities FOOD AND BEVERAGES IDAL | 2014 TOURISM - Software development - Web solutions - Database and Desktop applications - Mobile applications - E services INFORMATION - Cloud OS TECHNOLOGY

TARGETED SECTORS TECHNOLOGY 3 - ICT manufacturing - Electronics - Semiconductors - Medical Technologies - Clean Technologies - Research and Development - Advertising - TV Production - Digital Media - Production Houses - Packaging Centers - Production Facilities AGRICULTURE MEDIA - Telecom Services - Network Solutions - Call Centers TELECOM IDAL | 2014

INVESTOR CONSULTANCY SERVICES WITH SECTOR EXPERTISE OUR INVESTOR SUPPORT SERVICES TEAM ADVISES ON MARKET INTELLIGENCE AND INVESTMENT INCENTIVES. 4 INVESTOR SUPPORT SERVICES Market Intelligence Information Economic, commercial and legal information Participating in meetings with potential investors. Financing & Incentives Support in finding financial partners for the investment project Support in incentives application Promoting Lebanon as an investment location Identification of attractive industries and projects for investors SECTOR TEAMS Food & Beverage Industry Technology Tourism IDAL | 2014 Agriculture Media Information Technology

HEADLINES 1. ABOUT US 2. OUR CONSULTANCY SERVICES 3. TARGETED SECTORS 4. OUR INCENTIVES 5. OUR ACHIEVEMENTS 6. LEBANON AT A GLANCE 7. CONTACT US IDAL | 2014

OUR INCENTIVES 1 TWO TYPES OF INCENTIVE SCHEMES 1- REGION & SECTOR BASED INCENTIVE 2- JOB CREATION BASED INCENTIVE • Also called Investment Projects by Zone (IPZ) incentives • Also called Package Deal Contract (PDC) incentives • Provided to projects based on: (1) Geographical location across 3 Zones: A, B, C (2) Investment size (3) Sector • Provided to projects based on: (1) Investment size (2) Number of jobs created (3) Sector Incentives Provided • Up to 100% tax exemptions for 10 years for projects located in remote areas (Zone C) • Work Permits granted IDAL | 2014 Incentives Provided • 100% exemption of Income Tax • 100 % exemptions on Taxes on Project Dividends for up to ten years • Up to a 50% reduction on Work and Residence Permit Fees • Up to a 50% reduction on Construction Permit Fees • Full exemption from Land Registration Fees

A- REGION AND SECTOR BASED INCENTIVE 2 ZONE A ZONE B 100% income tax exemption for 2 years* 50% income tax exemption for 5 years + work permits granted + work permits granted Sectors Minimum Inv. Size US$ Sectors Tourism 10,000,000 Tourism 4,000,000 Industry 3,000,000 Industry 5,000,000 Minimum Inv. Size US$ Agro-Industry Agro-Industry 1,500,000 Agriculture 1,500,000 Agriculture 1,000,000 Technology, ICT and Media Beirut 2,000,000 200,000 Technology, ICT and Media 200,000 * Provided that 40% of stocks are listed on Beirut Stock Exchange ZONE C 100% income tax exemption for 10 years + work permits granted Sectors Tourism 1,000,000 Industry 1,000,000 Agro-Industry 1,000,000 Agriculture 500,000 Technology, ICT and Media IDAL | 2014 Minimum Inv. Size US$ 200,000

B- JOB CREATION & SECTOR BASED INCENTIVE 3 Minimum Job Creation Sectors Minimum Inv. Size US$ Tourism 15,000,000 200 Industry 10,000,000 100 Agro-Industry 3,000,000 60 Agriculture 2,000,000 50 200,000 25 Technology, ICT and Media IDAL | 2014

B- JOB CREATION & SECTOR BASED INCENTIVE 100% Exemption on Income Tax for up to 10 years 100% Exemption on Taxes on Project Dividends for up to 10 years IDAL | 2014 4 ZERO 50% up to Land Registration Fees 50% up to Reduction on Work and Residence Permits Reduction on Construction Permit Fees Obtaining Work Permits of ALL categories

HEADLINES 1. ABOUT US 2. OUR CONSULTANCY SERVICES 3. TARGETED SECTORS 4. OUR INCENTIVES 5. OUR ACHIEVEMENTS 6. LEBANON AT A GLANCE 7. CONTACT US IDAL | 2014

OUR ACHIEVEMENTS 1 IDAL HAS PLAYED A ROLE IN CHANNELING INVESTMENTS, MEDIATING AROUND 54 INVESTMENTS WORTH USD 1.8 BILLION SINCE 2003, WITH THE TOURISM SECTOR ATTRACTING A LION SHARE (35%) OF INVESTMENTS Investments Attracted Through IDAL in million $ (2003-2013) Tourism Industry Technology Agro-Industry Media Agriculture IT Telecommunications 80% 12% 3% 2% 1% 1% 1% 0% Distribution of Projects by Sectors (%) (2003-2013) 1,440 226.3 62.7 33.6 13.9 13.3 13.1 0 Agriculture 4% Agro-Industry 11% IT 5% Media 4% Telecommunications 2% Tourism 35% Technology 15% Note: Only 50% of these projects are operational. The remaining are in construction phase Total: USD 1,809,644,181 Total: 54 Note: Technology products include projects which make use of new technology and they include projects in pharmaceuticals industry, bio medicals and electronics IDAL | 2014 Industry 22%

OUR ACHIEVEMENTS 2 ON AVERAGE, IDAL MEDIATES AROUND 5 INVESTMENT PROJECTS PER YEAR, WITH THE NUMBER VERY MUCH DEPENDING ON THE POLITICAL CLIMATE. 6,521 JOBS HAVE BEEN CREATED SO FAR BY IDAL SINCE 2003 Number of Projects Attracted Through IDAL (2003-2013) 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 Total: 54 IDAL | 2014 Total Jobs Created by IDAL (2003-2013) 9 6 4 5 2 2 Agro-Industry 10.2% 6 5 7 5 3 Median = 5 Agriculture IT 1.3% Media 1.4% 0.9% Telecommunications 3.9% Technology 10.1% Industry 10.7% Tourism 61.1%

OUR ACHIEVEMENTS 3 THE MAJORITY OF INVESTMENTS WERE FROM LEBANESE INVESTORS, WITH 6 FOREIGN AND 10 MIXED COMPANIES BENEFITING FROM IDAL’S INCENTIVES Origin of Companies Benefiting from IDAL’s Incentives (%) (2003-2012) Foreign 15% Mixed 25% Domestic 60% Majority Greenfield Include Lebanese Investments and foreign investors COMMENTS IDAL has mostly attracted domestic companies and not foreign companies Foreign companies benefiting from IDAL incentives include: 1 Swedish company: Ericsson with an investment of USD 1.3 million and generating 300 jobs 2 UAE companies: Habtoor Grand Hotel and Metropolitan City Center: Investment of USD 110 million and 472 jobs created 2 Kuwaiti companies: The Landmark Hotel and NPPC Fresh Produce Factory in the Agriculture sector: Investments of USD 135 million and 291 jobs created IDAL | 2014

OUR ACHIEVEMENTS 4 THE MAJORITY OF PROJECTS ARE LOCATED IN BEIRUT AND MOUNT LEBANON Distribution of Projects Mediated by IDAL by Muhafaza (%) (2003-2013) North Lebanon 7% Bekaa 19% Beirut 33% IDAL | 2014 Distribution of Projects Mediated by IDAL by Muhafaza in 2013 Agriculture Agro-Industry Industry Technology Tourism South Lebanon 2% Mount Lebanon 39%

HEADLINES 1. ABOUT US 2. OUR CONSULTANCY SERVICES 3. TARGETED SECTORS 4. OUR INCENTIVES 5. OUR ACHIEVEMENTS 6. LEBANON AT A GLANCE 7. CONTACT US IDAL | 2014

ATTRACTIVE BUSINESS LOCATION WITH ACCESS TO THE MENA REGION RICH HISTORY AND CULTURE STRATEGIC LOCATION IDAL | 2014 1

EXCELLENT ECONOMIC FUNDEMENTALS 2 LIBERAL FINANCIAL ENVIRONMENT BANKING SECRECY IDAL | 2014

COST-COMPETITIVE ENVIRONMENT FREE MARKET ECONOMY FAVORABLE TAXATION AND FISCAL INCENTIVES IDAL | 2014 3

DYNAMIC WORKFORCE 4 COMPETENT HUMAN CAPITAL AND LOW LABOR COST NON-DISCRIMINATORY LEGAL FRAMEWORK IDAL | 2014

EASY PLACE TO LIVE QUALITY HEALTH CARE AND HIGH EDUCATION HIGH QUALITY OF LIFE IDAL | 2014 5

HEADLINES 1. ABOUT US 2. OUR CONSULTANCY SERVICES 3. TARGETED SECTORS 4. OUR INCENTIVES 5. OUR ACHIEVEMENTS 6. LEBANON AT A GLANCE 7. CONTACT US IDAL | 2014

CONTACT US Lazarieh Tower, 4th Floor, Emir Bechir Street, Riad El-Solh, Beirut, Lebanon P.O.Box: 113-7251 www.investinlebanon.gov.lb INVESTMENT DEVELOPMENT AUTHORITY OF LEBANON T + 961 (1) 983306/7/8 F + 961 (1) 983302/3 invest@idal.com.lb export@idal.com.lb @Invest_Lebanon in You Tube /investmentdevelopmentauthorityoflebanon /InvestInLebanon /InvestInLebanon IDAL | 2014

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