Lebanon Businessnews News
 

UNIDO supports SMEs
in Bekaa and the North
To enhance competitiveness in global markets
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The United Nations Industrial Development Organization (UNIDO) has launched the third phase of its Community Empowerment and Livelihoods Enhancement project.

Through this initiative, UNIDO will support the manufacturing capacities of small and medium-sized enterprises (SMEs) and agricultural cooperatives in Bekaa and the North. The project targets sectors like furniture, textile, metal works, wood, aluminium, and agro-food production. Recipients will be selected at a later stage.

“The project aims to assist the government in improving the performance of selected enterprises, to enhance their competitiveness and integration into the global market,” said Nada Barakat, National Project Coordinator at UNIDO. It will also help rural communities to promote income-generating activities that would strengthen their financial status.

Organized in cooperation with the ministries of Industry and Agriculture, the project is funded by the Italian Government and implemented by UNIDO, in partnership with the Instituto per la Cooperazione Universitaria (ICU).

The budget allocated for the first phase of the project is $1.3 million and $1.9 million for the second. Barakat said: “The third phase budget will be equivalent to the previous phases, combined.”
Reported by Rania Ghanem
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Date Posted: Oct 29, 2014