Economic relations between Lebanon and the United Arab Emirates are set to enter a new phase with a visit by a delegation of about 80 businesspeople and investors. Lebanese Prime Minister Nawaf Salam welcomed the two-day visit, which will begin on Wednesday.
Salam shared his assessment during a phone call on Tuesday with UAE Deputy Prime Minister and Foreign Minister Abdullah bin Zayed. The Lebanese Prime Minister’s Office issued a statement after the call.
Thani bin Ahmed Al Zeyoudi to lead delegation
The delegation, led by UAE Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi, will include about 80 businesspeople and investors operating in various sectors.
Salam said the visit demonstrated that the confidence of Arab countries in Lebanon was being restored. The Lebanese prime minister said the meetings could help develop cooperation between the two countries and strengthen their partnership in various fields.
Investment and partnership opportunities to be examined
Mohamed Choucair, president of Lebanon’s economic organizations, announced on August 19 that the delegation’s visit to Lebanon would take place on August 26 and 27. Choucair described the visit as an important stage in economic relations between Lebanon and the United Arab Emirates.
Choucair said the visit was taking place in line with understandings reached during a meeting between Lebanese President Joseph Aoun and UAE President Mohammed bin Zayed Al Nahyan.
An-Nahar newspaper reported, citing unnamed sources, that investment and partnership opportunities between the UAE and Lebanon were expected to be examined. The same sources said that public- and private-sector projects would also be on the agenda.
The discussions are expected to cover the smart identity card program, the development of customs systems at airports, ports and border crossings, as well as work related to oil facilities.
UAE citizens granted permission to travel in June
On June 29, the United Arab Emirates allowed its citizens to travel to Lebanon. The travel ban imposed about two months earlier was lifted, while travelers were required to register with the “Tawajudi” service before their journey.