Referring to the investment climate in Lebanon, Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, said that while his group is keen to invest in Lebanon, and is doing so in several areas, the political situation needs to be stabilized. In particular, it is imperative to elect a president, form a new government and implement reforms that are crucial to attracting foreign investors.
He made these remarks on Tuesday at a meeting with economic organizations at the headquarters of the Beirut and Mount Lebanon Chamber of Commerce.
The Chairman of CMA CGM confirmed his interest in investing in Lebanon based on numerous factors, including his love for the country, his confidence in Lebanese capacities, and above all, his desire to contribute to revitalizing the economy and restoring Lebanon’s role in the region.
“CMA CGM’s presence in Lebanon and its work in Lebanese ports have given a strong impetus to maritime transport, and we will pursue development efforts on more than one level, notably in the reconstruction of the port of Beirut and the activation of the port of Tripoli, in addition to logistics investments linked to maritime transport,” he specified.
He added that many regional and international changes are currently putting pressure on the global economy, including shipping. He called on Lebanese officials to be attentive to all these warnings.
Finally, he took the opportunity to reveal the group’s willingness to invest in various “sectors considered to be promising.”
In his speech, Chairman of the Economic Organizations Mohammad Choucair expressed his great appreciation for the shipowner’s achievements in Lebanon, particularly his continuous investment, despite the difficult circumstances the country is going through.
