"Chamber": Exploring Opportunities During Reception of "Tripoli Economic"

The Kuwait Chamber of Commerce and Industry received, yesterday, Dr. Hassan Al-Dunaoui, Chairman of the Board and General Manager of the General Authority for the Economic Zone in Tripoli, in the context of exploring ways to enhance economic and investment cooperation, and identifying opportunities available to the Kuwaiti private sector to contribute to the development of the economic zone and leverage its promising assets. The Chamber expressed its pride in hosting the guest, emphasizing the importance of strengthening ties and partnership between the business sectors of the two brotherly countries, and opening broader avenues for communication between investors and business owners to support common interests and enhance opportunities for establishing sustainable investment partnerships, while capitalizing on the economic and investment potential of Tripoli. It clarified that the significance of the Special Economic Zone in Tripoli lies in its anticipated role in building an integrated production and logistics base that links port activities, industry, and trade, thereby contributing to enhanced operational efficiency, reduced business costs, improved competitiveness of products, and easier access to markets. The Chamber noted that it is closely following the ongoing steps to develop the industrial and logistics hub, as well as preparations for selecting the developer and operator, considering this a crucial stage for determining investment participation opportunities and identifying the expertise and operational capabilities required by the project. It added that there are promising areas that could present cooperation opportunities for the Kuwaiti business sector, most notably the development and management of industrial and logistics facilities, storage and distribution services, alongside establishing partnerships across various industrial sectors, combining Kuwaiti investment and commercial expertise with Lebanese production capabilities and expertise, thereby serving the mutual interests of both sides. The Kuwait Chamber of Commerce and Industry concluded the meeting by reaffirming its commitment to facilitating communication between the Authority and Kuwaiti companies interested in investment, expressing hope that this meeting would help mobilize Tripoli’s economic potential and support the recovery and prosperity of the Lebanese economy.