Saudi investments grow

Value of investments around $5.3 billion: Chairman of Saudi-Lebanese Business Council

The Chairman of the Saudi-Lebanese Business Council, Abdul Mohsen Hokair, said that the value of Saudi investments in Lebanon has recently amounted to SAR 20 billion (around $5.3 billion).

Hokair expected a further growth of Saudi investments, mainly in the real estate and tourism sectors. He said that the laws regulating the economic activities between Saudi Arabia and Lebanon promote the exchange of investments between both economies.

Hokair said that the Saudi-Lebanese and the Lebanese-Saudi Business Councils should promote bilateral trade and ensure communication between investors from both countries.