Frem Proposes Law to Establish State Asset Investment Authority

The Chairman of Project Watan’s Executive Board, MP Neemat Frem, announced on his X account that he has submitted a draft law to establish the State Asset Investment Authority.

He wrote: “Today, I submitted a draft law to establish the State Asset Investment Authority, which would manage public institutions and state-owned rights for a period of 30 years, ensuring their effective investment without selling them.

This structural law may take time to pass, but I believe it addresses three key issues:

• Improving the quality of state services for citizens.
• Attracting capital for Lebanon’s infrastructure projects.
• Opening a small window for depositors to benefit from part of the ‘lollars’ still in banks.”