The government established new state-owned enterprises in the fields of the textile industry and urban planning.
His father, William, established enterprises in a number of areas, including real estate and the fur industry.
Youth Outreach has established several social enterprises dedicated to provide working and learning opportunities to youngsters in need, while operating their daily business.
Since 2003, security problems have blocked efforts to establish new enterprises.
This calls for governments to reform their regulatory and tax frameworks to eliminate the obstacles to establishing and developing enterprises.
For years, there have been calls for a concept for establishing small and medium-sized enterprises in the country.
The competition, with an award allocation of $850,000, "aims to encourage and inspire the Arab youth to establish new industrial enterprises".
The region, larger than Western Europe, has a spectacular history of failures to establish viable enterprises.
But Mr. Peres said the committee would focus on establishing "private and public enterprises."
Attempting to diversify away from shipping, business leaders tried various means of reviving tourism and establishing new enterprises such as insurance.