Lebanese tourism sector continues to attract investment
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Lebanese tourism sector continues to attract investment

Lebanese tourism sector continues to attract investment

The Investment Development Authority of Lebanon has granted the Summerland tourism project full tax exemption on income and distribution of dividend for 10 years, exemptions from real estate registrations, and a reduction of work permit fees for Summerland Hotel staff, The Daily Star has reported. The project involved the reconstruction of the former Summerland Hotel in Beirut covering a total built area of 65,000 sq m. The $155m project is being built south of Beirut and will comprise a five-star hotel, a club, cabins, a gym and a yacht marina.

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