Exclusive Polish Agent
of the fairs:
of the fairs:
Middle East- center of world economyArabic countries offer Polish companies unlimited opportunities of development, both in participation in preparing projects and long-lasting trade exchange. It should be pointed out that this direction of development is intensively patronized by Polish government.
Each Arabic country has a lot of things to offer to Polish companies, mainly Saudi Arabia which is a member of the group that associates the richest countries in the world- G20, Qatar which glories in the highest GDP in the world and United Arab Emirates with Dubai that is a center of world trade and finances.
Arabic countries are a long-range direction of development for Polish export as well. It is thought that mainly Polish furniture, building sector, food branch and electrical, rail and medical sector, but also luxury products have a good chance to succeed. Despite world economic crisis, possibilities of Middle East markets are huge- this region is settled by 300 mln potential clients. Taking this fact into account, Arabic countries create many opportunities to find new markets for entrepreneurs from different branches- so huge market is very responsive and diversified. What is more, coming years abound in events that are a great opportunity to come into these countries, gain big contracts and begin the cooperation with new contractors.
CONSTRUCTION MARKET IN LEBANON RECEIVES MAJOR BOOSTLebanon’s GDP growth should climb to 7 or 8 percent a year by activating tourism, real estate, construction and the banking sector, a study conducted by Fransabank said. The study stressed the significance of increasing public and private investments in Lebanon’s infrastructure, especially the sectors of electricity, telecoms, roads, water and others, in order to stimulate further economic growth.
$11.8 BILLION PROMISED AT THE PARIS CEDRE CONFERENCEThe economy and Lebanon’s construction sector in specific is expected to see a major boost following the CEDRE donor conference which has resulted in $11.8 billion in pledges of financial assistance, out of which $11 billion are in soft loans. There were 51 countries represented at the conference in addition to international donor institutions.
The government requested funding for the first two phases of the Capital Investment Program (CIP) that is divided into three phases, each with a four-year schedule. The CIP includes 250 infrastructure projects worth $17 billion. Around 30 percent of the investments will be earmarked for the transportation sector while water and sewage projects will get another 30 percent. Nearly 20 percent will be allocated to the electricity sector with the remaining 20 percent to be invested in other infrastructure and development projects. The European Bank for Reconstruction and Development also intends to invest at least $200 million in Lebanese equities, renewable energy and water resources in 2019.
The government is required to work on each project with the donor country. Grants provided should be approved by the Council of Ministers, and loans should be discussed one by one and enacted in the Parliament.