The Council of Ministers has approved this deal, which would offer the company with tax exemptions and other benefits, during its session last week.

The company will be benefiting  from a 10-year, 100 percent, exemption from taxes on income, and dividends, in addition to a 50 percent- tax exemption from registration fees for issuing work and residency permits, and copyright certificates.

Engaged in the production of nostalgic products such as beverages, juices, and yogurts, the $3.1 million plant, employs, so far, around 63 employees.

“This new project is an addition to the large- chain of projects that IDAL has supported so far. Supporting this project is particularly important, since the plant is located in the North, which reinforces the concept of equal development between all regions, a strategy the government has been keen to support and implement,” said Nabil Itani, the chairman of IDAL.