Lebanese Gov’t To Inject 400 Million USD To Support Industry, Agriculture

BEIRUT, June 6 (NNN-NNA) – Lebanese Industry Minister, Imad Hoballah, said on Friday that, the government will inject 400 million U.S. dollars, to support the country’s industry and agriculture.

This support will come in cooperation with the Investment Development Authority of Lebanon.

Lebanon’s economy has for long been dependent on the services sectors, such as tourism and the banking sector, causing problems to the country, that has to rely on importing foreign products for consumption.

The government’s new strategy, focuses on supporting productive sectors, to create more job opportunities for the Lebanese, and encourage consumption of local goods.– NNN-NNA