Salam meets in Washington with representatives of 30 major American companies: Despite challenges, infrastructure, energy water projects provide great opportunities for foreign investors in Lebanon

Salam meets in Washington with representatives of 30 major American companies: Despite challenges, infrastructure, energy water projects provide great opportunities for foreign investors in Lebanon

NNA - Caretaker Minister of Economy and Trade, Amin Salam, currently on a working visit to Washington, held a meeting at the American Chamber of Commerce with representatives of the American private sector, with the participation of 30 of the largest companies operating in the energy, water, and transportation sectors.nbsp;

The meeting was devoted to reviewing the situation in Lebanon in light of the exceptional circumstances it is going through.

Addressing the attendees, Salam said, ldquo;The difficult economic and financial conditions do not negate the existence of many areas and opportunities in which the American private sector can invest,quot; and encouraged taking this step for the benefit of both countries. quot;The best example is French and other investments in the field of energy, marine facilities, and other basic sectors,quot; he added.

However, Salam regretted the absence of comprehensive legislative reforms in Lebanon, which preferably should be part of the International Monetary Fund program, due to sharp political differences and the struggle for power for narrow, non-national interests. ldquo;If political parties do not take a quick decision to save the country, Lebanonrsquo;s economic and financial future in the near and medium term will be bleak, impacting its potential as a destination for foreign investment,rdquo;