Lebanon Businessnews News

Chamber of Commerce
represented in Cyprus
A platform to help investors
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The Chamber of Commerce, Industry, and Agriculture in Beirut and Mount Lebanon (CCIAB) has opened a representative office in the Lebanese Business Center in Cyprus named ‘Cedars Pavilion’.

Comed Cyprus, owned by George Moufarrej, is the company behind the center. The center will be a platform which introduces investors from both countries to one other and to feasible projects.

Mohammad Choucair, Chairman of CCIAB, said: “Economic relations between both countries are growing rapidly. There are a lot of projects and opportunities that we can work on with the Cypriots.” He said that the office will develop relations between the private sector in both countries.

Nabil Fahed, Vice Chairman of CCIAB, said: “Cyprus is lately becoming more attractive for investors. It is providing several facilities to encourage them to invest, especially in the real estate and tourism sectors.”

Fahed said that increasing numbers of Lebanese investors are showing their interest in investing in Cyprus. The representative office will provide them with data about laws, regulations, and the paperwork required to invest in Cyprus. It will be the link between investors and companies from both countries.

The office will also be a hub for Cypriot investors who are searching for commercial partners in Lebanon. A dedicated staff will be ready to give them all the information they require to invest in the country.

The center will include a permanent exhibition for Lebanese products. “This will introduce Cypriots to local products and initiate commercial relationships,” said Fahed.
Reported by Rania Ghanem
Date Posted: Oct 09, 2017
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