Le­banon and the UK forge closer eco­nomic ties

Arabian Business English - - THE BIG STORY -

SI­MON PEN­NEY, HER MAJESTY’S Trade Com­mis­sioner for the Mid­dle East, Afghanistan and Pak­istan, met with key Le­banese eco­nomic of­fi­cials dur­ing a two-day trip, his first to the coun­try since as­sum­ing his role in Oc­to­ber.

Dur­ing his visit, Pen­ney met with Le­banese Prime Minister Saad Hariri, as well as its Minister of Trade and Econ­omy and the heads of Le­banon’s var­i­ous trade and eco­nomic as­so­ci­a­tions and the UK-Le­banon tech hub.

“I had ex­cel­lent meetings across the board with gov­ern­ment of­fi­cials and the pri­vate sec­tor,” he said in a state­ment. “We want to work in part­ner­ship with busi­ness and gov­ern­ment to iden­tify op­por­tu­ni­ties for greater col­lab­o­ra­tion; we be­lieve that the true po­ten­tial of op­por­tu­ni­ties be­tween Le­banon and the UK has not yet been tapped.”

Pen­ney added that there are con­sid­er­able PPP op­por­tu­ni­ties in in­fra­struc­ture and en­ergy, which have sig­nif­i­cant po­ten­tial for UK firms to part­ner with Le­banese com­pa­nies.

The meeting came just weeks ahead of the high­lyan­tic­i­pated Le­banon-UK Busi­ness & In­vest­ment

Fo­rum, which will be held on De­cem­ber 12 in Lon­don.

qUK EX­PER­TISE HAS MUCH TO CON­TRIB­UTE IN KEY SEC­TORS OF THE ECON­OMY” Si­mon Pen­ney, Her Majesty’s Trade Com­mis­sioner for the Mid­dle East

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