The Banking Executive Magazine - May 2022 Issue

Lebanon EXPO 2020 Organized by Oxygen Cedar and the Association of Lebanese Industrialists "Made in Lebanon" for the first time at Expo 2020 THE OPPORTUNITIES FOR INVESTING IN PRIVATE INDUSTRIES TO OVERCOME THE CURRENT ECONOMIC SLOWDOWN AND FINANCIAL CHALLENGES In support of the Made in Lebanon slogan, Cedar Oxygen Fund - Lebanon and cooperation with the Association of Lebanese Industrial- ists, the Chamber of Commerce, In- dustry and Agriculture in Lebanon, and Antwork, organized the largest interactive promotional meeting for “Made in Lebanon” to communicate with Lebanese industrialists and ex- plore business opportunities at the global level to promote industry and trade between Lebanon and the world by holding business matching and presenting the current industrial opportunities in Lebanon and financ- ing mechanisms. Moreover, the meeting raised the co- operation with international and Arab industrialists, who expressed in- terest in participating in this meeting, held at the Lebanon pavilion at Expo 2020 in Dubai. This initiative aims to support the value-creator industry and highlight the comparative advantage that the Lebanese industry has recently em- braced, raising their competitiveness on the global landscape. During the event, executives from the United Arab Emirates, Kuwait, Serbia, Bosnia, Malta, and Russia, at- tended the meeting with the partici- pation of more than 15 Lebanese industrialists. Cedar Oxygen Fund‘s Chief Executive Officer Anthony Jab- bour and Carol Milan on behalf of the Association of Industrialists stressed the potential opportunities while the attaché at the Lebanese Embassy, Jean-Claude Khoury con- firmed the efforts of the Lebanese Foreign Ministry and its missions to attract investments to Lebanon in particular modern industries based on technology. The industrialists also presented their most prominent food, industrial products, and packing projects, and each of them discussed the invest- ment opportunities available in their brands and explained the investment rewards, incentives, and financing support provided by the Cedar Oxy- gen Fund to launch modern and new industries. Cedar Oxygen presented the mecha- nisms for obtaining financial support and financing industrial projects to develop the sector, meeting the needs of the Lebanese community, providing a high-level product and manufacturing, which was the sub- ject of interest and appreciation by Businessmen from Arab and foreign countries. This initiative aimed to highlight the high level of technical and produc- tion level that the industry has be- come in Lebanon and to highlight the technological and qualitative de- velopment that increases the com- petitiveness of the Lebanese industry on the global stage. Cedar Oxygen also presented a set of successful stories for the recipients of funding to launch their local indus- tries according to the finest financing bases, and Cedar Oxygen includes a group of Lebanese investors who al- located the Lebanese industry with large funds to re-launch this sector and enhance its contribution to the Lebanese national income. ISSUE 161 MAY 2022 the BANKING EXECUTIVE 45