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Minister Saidi Tells MIT Delegation

"We will create a high-tech park in Beirut"

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Dr. Nasser Saidi, the Lebanese Minister of the Economy, announced his vision of Beirut's "emerging technology zone" at a dinner in honor of a group of MIT Sloan students visiting the Middle East. Minister Saidi's presentation focused on forthcoming governmental actions which will advance the "knowledge based economy in Lebanon" and their expected results. The Minister also discussed the government's plans for expansion of internet and telecommunications capacity, and human resources.

Minister Saidi described the current Lebanese economic environment as ready to accept new ideas and talents. Specifically, Saidi discussed a group of feasibility studies which are aimed at helping Lebanese companies advance their scientific research. Minister Saidi said that another component of BETZ is a Lebanese JV between the private sector and government which will act as a "free information media zone." The goal of BETZ is to transform Beirut into a regional communications and networking hub. 

Following the Minister's talk, Mr. Kenneth P. Morse, the Chairperson of the MIT Sloan delegation, thanked Dr. Saidi. Mr. Morse explained his vision for the future of Lebanon as one rich in human resources, capable of succeeding in the new knowledge-based economy. Morse emphasized the importance of the media in working with the private sector and the government to establish a favorable climate for research and scientific development in Lebanon.

Morse also explained that the purpose of the MIT Sloan visit is to gain a better understanding of Lebanese culture and major economic issues. The MIT Sloan delegation, represented by forty MIT Sloan students, faculty and administration, will also be visiting Jordan and Egypt. 

The dinner, held on March 16 , was hosted by the MIT Club of Lebanon, all of whose officers were present, including it's President, Nicolas Chammas. The event was also attended by Yves Dissau, the Representative of the UN Development Program, Kamal Hayek, the President of the Investment and Development Authority of Lebanon (IDAL), Sami Nasri, the President of the Computer Networking Association, and Raymond Khoury, from the Ministry of the Administrative Reform. About fifty other MIT alumni and friends joined the event.

 

  

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