Born in Lebanon in 1934, Georges Neemat Frem was a renowned businessman and philanthropist and held several positions in public office, including industry minister and electricity and petroleum minster. He also served in the Lebanese Parliament for 5 years. He passed away in May 2006.
Neemat G. Frem, the late minister's son, is also on the Olayan School of Business advisory board. Georges Frem believed in building a productive society where citizens live in dignity and respect. In 1955, he founded INDEVCO (Industrial Development Company). INDEVCO now has over 50 affiliates with more than 7500 employees in the Middle East, North America, South America and Europe. INDEVCO focuses mainly on the manufacturing of Consumer Products, Flexible Packaging, Paper and Containers.