Goal 9: Industry, innovation and infrastructure
Investments in industry, infrastructure and innovation are crucial drivers of economic growth and development. With over half the world population now living in cities, mass transport and renewable energy are becoming ever more important, as are the growth of new industries and information and communication technologies.
Technological progress is also key to finding lasting solutions to both economic and environmental challenges, such as providing new jobs and promoting energy efficiency. Promoting sustainable industries, and investing in scientific research and innovation, are all important ways to facilitate sustainable development.
More than 4 billion people still do not have access to the Internet, and 90 percent are from the developing world. Bridging this digital divide is crucial to ensure equal access to information and knowledge, as well as foster innovation and entrepreneurship.
Since independence, manufacturing has registered painfully slow and sometimes negative growth in most Arab countries. Economic growth in the region remains predominantly dependent on oil and gas with relatively low level of economic diversification. In 2011, fuel exports amounted to 69.2 percent of the region’s exports.
Lebanon has a reputation for a vibrant entrepreneurial ecosystem and has done a lot to improve the conditions for small businesses to grow. However, additional efforts are needed to promote more resilient infrastructure and innovation and to strengthen the industrial sector.
Did you know…
…that through the construction of industrial areas in Lebanon, 31,000 jobs can be positively impacted which will then help develop the local economy?
…that the information communications technology sector in Lebanon is expected to grow 7.24% annually from 2015-2018?
…that the estimated cost of traffic congestion in Lebanon is estimated between 5-10% of GDP?