The ICT sector in Lebanon has proven to be resilient during the COVID-19 crisis, with mature SMEs and scaleups thriving in areas such as IT outsourcing, E-Commerce, and HealthTech. Despite challenging economic times, international investors can benefit from opportunities in Lebanon due to the devaluation of the currency and tax benefits. The sector has seen significant growth, contributing 2.1% to the GDP in 2018 and forecasted to reach USD 7 billion by 2025. The sector is export-oriented, with ICT services exports growing steadily. Lebanon offers a talented and cost-competitive workforce, making it an attractive destination for investments in the ICT sector.

Key Insights

• The ICT sector in Lebanon has shown resilience during the COVID-19 crisis, with certain segments thriving.
• Lebanon offers competitive advantages such as a talented and cost-effective workforce.
• The sector has witnessed significant growth, with ICT services exports doubling over the last decade.
• The regulatory framework in Lebanon supports investment in the ICT sector.
• Investment opportunities in Lebanon’s ICT sector are fueled by global trends and local specialties.

Source: IDAL (Investment Development Authority of Lebanon)