As the world undergoes major shifts in digital transformation within the public and private sectors, Lebanon is getting ready to adopt and implement a new plan to develop its digital economy by attracting new investments in infrastructure, networks, applications and emerging projects and creating a digital environment conducive to growth. The government aims with this implementation to position Lebanon as a knowledge-intensive and digital nation, at the forefront of innovation, acting as a talent hub for technology, outsourcing, creative industries, and education offering best in class regulation, abundant funding and world-class digital talent.
This adoption of the digital transformation strategy in public institutions will constitute a fundamental driver of the digital economy’s development and will attract investors, operators, solution owners, and entrepreneurs. There is no doubt that the digital transformation will help create a new economic dynamic without putting pressure on the state budget, because of the public-private partnership law that will help improve the state’s public services.
In the last decade, many government initiatives like Circular 331 fuelled the Lebanese Knowledge Economy (LKE) and vitalised the country’s nascent entrepreneurial ecosystem, helping to establish technology companies, small and medium enterprises, as well as start-ups which are stepping up their ambitions and perspectives, and the landscape for these companies is responding. Today, with over 100 investments having taken place between 2013-2016 and with Lebanon hosting 13% of the total number of investors in MENA, Lebanon is one of the thriving capitals of digital innovation in the MENA and is well positioned to become the region’s digital cluster.
Digital Lebanon Conference
Digital Lebanon Conference will convene on September 13th, 2019, at Phoenicia Hotel in Beirut, under the patronage of the President of the Council of Ministers, H.E. Mr. Saad Hariri, and in partnership with the Ministry of Telecommunications, the Ministry of State for Investment and Technology, the Office of the Minister of State for Administrative Reforms (OMSAR), the Office of the Prime Minister, and the World Bank.
It aims to bring the brightest minds to discuss the institutional bases for building the future of Lebanon’s economy… the digital economy. It will discuss Lebanon’s digital strategy and the most pressing topics that will help the government bridge the technology and knowledge gaps in a world driven by new technologies that are radically creating new approaches that revolutionize the way in which nations, societies, and businesses engage and collaborate.
The conference will also focus on key policy interventions, initiatives and recommendations needed for Lebanon to be recognized as a regional player in the Information and Communications Technology (ICT) sector by 2020, and as a quality supplier of innovative technology by 2025. It will discuss initiatives aiming to strongly position Lebanon on the global digital economy map and capitalize on its skilled human resources, rich entrepreneurial culture and the vast network of Lebanese entrepreneurs across the world, as well as highlight use cases of 5G, blockchain, artificial intelligence and many other technologies in private and public projects.