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Commercial Opportunities
 
The Council for Development and Reconstruction (CDR) is the government’s executive body responsible for tendering major projects, procuring financing for these projects, and supervising their execution. Major projects lie in transportation, electricity, telecommunications, education, solid and water waste.  These projects are listed at http://www.cdr.gov.lb.  CDR, in coordination with the concerned ministries, launches these projects.  
In May 2000, parliament adopted a privatization law that established a framework for the privatization of state-owned enterprises, but privatization of state institutions has been delayed because of lack of political consensus. At the Paris III Donor Conference in 2007, the government presented a master plan for reform that included the privatization of the two mobile phone companies, the fixed line network, the electricity sector, the water sector, the national airline, and other government-owned entities.  Most of these plans remain on indefinite hold.
The year 2012 is expected to offer significant investment opportunities for international companies. In the electricity sector, the Ministry of Energy and Water is expected to upgrade its generation and distribution systems. In September 2011, the parliament passed an emergency $1.2 billion bill to boost electricity production by 700 MW.  This will create commercial opportunities worth hundreds of millions of dollars. The Ministry of Energy and Water is also expected to invest over $1 billion for water and waste water projects in the coming few years. For more information about electricity and water projects, visit the Ministry of Energy and Water website at http://www.energyandwater.gov.lb.
Significant investment opportunities also exist in Lebanon’s offshore oil and gas exploration. In 2010, the U.S. Geological Survey estimated a mean of 1.7 billion barrels of recoverable oil and a mean of 122 trillion cubic feet of recoverable gas in the Levant Basin Province, which includes waters shared by Lebanon, Israel, Syria, and the Republic of Cyprus.  In 2012, the Ministry of Energy and Water is expected to launch first round of tenders for the offshore oil and gas exploration projects. 

The Council for Development and Reconstruction (CDR) is the government’s executive body responsible for tendering major projects, procuring financing for these projects, and supervising their execution. Major projects lie in transportation, electricity, telecommunications, education, solid and water waste.  These projects are listed at http://www.cdr.gov.lb.  CDR, in coordination with the concerned ministries, launches these projects.  

In May 2000, parliament adopted a privatization law that established a framework for the privatization of state-owned enterprises, but privatization of state institutions has been delayed because of lack of political consensus. At the Paris III Donor Conference in 2007, the government presented a master plan for reform that included the privatization of the two mobile phone companies, the fixed line network, the electricity sector, the water sector, the national airline, and other government-owned entities.  Most of these plans remain on indefinite hold.

The year 2012 is expected to offer significant investment opportunities for international companies. In the electricity sector, the Ministry of Energy and Water is expected to upgrade its generation and distribution systems. In September 2011, the parliament passed an emergency $1.2 billion bill to boost electricity production by 700 MW.  This will create commercial opportunities worth hundreds of millions of dollars. The Ministry of Energy and Water is also expected to invest over $1 billion for water and waste water projects in the coming few years. For more information about electricity and water projects, visit the Ministry of Energy and Water website at http://www.energyandwater.gov.lb.

Significant investment opportunities also exist in Lebanon’s offshore oil and gas exploration. In 2010, the U.S. Geological Survey estimated a mean of 1.7 billion barrels of recoverable oil and a mean of 122 trillion cubic feet of recoverable gas in the Levant Basin Province, which includes waters shared by Lebanon, Israel, Syria, and the Republic of Cyprus.  In 2012, the Ministry of Energy and Water is expected to launch first round of tenders for the offshore oil and gas exploration projects.