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Construction remains one of the most attractive and promising sectors in Lebanon

Despite facing political and economic pressures due to the spillovers of the ongoing Syrian crisis, the construction and real estate industries in Lebanon remain the most attractive and promising sectors of the country’s resilient economy. Recorded real estate sales transactions, including residential and commercial projects have increased in 2016 and…

$1 billion investment vehicle in Lebanon for infrastructure projects

FFA Private Bank (FFA) is preparing to launch a structured investment vehicle (SIV) to channel investments to power generation and other infrastructure projects. The initial objective is to reach $1 billion of investments in the short-to-medium term, over two to three years, said Jean Riachi, the bank’s chairman. Solar, wind,…

Five new industrial zones planned in Lebanon

The Ministry of Industry (MoI) has chosen five locations in different regions in which to build industrial zones. Dany Gedeon, Director General of MoI, said: “The ministry is cooperating with the Unions of Municipalities for the projects. It requested the documents, maps, and paper works to do the initial master…

China and private sector considered serious avenue for financing Tripoli infrastructure

Though the end of the conflict in Syria may be years away, Lebanon is already working to position itself as a key hub for future reconstruction efforts – primarily fueled by foreign aid. Given its economic clout and history of investing heavily in countries throughout the region, a key partner…

Lebanon positions itself as hub for Syrian reconstruction

There may be no end in sight of the Syrian war yet, but Lebanon is already positioning itself as a hub for Syrian reconstruction markets once the war is over. Strategically located between the Mediterranean Sea and some of Syria’s most devastated provinces such as Homs and Damascus, Lebanon could…

Beirut International airport’s duty free zone tender won at $74 million

Phoenicia Aer Rianta (PAC), chaired by Mohammad Zeidan, won the auction to run Beirut Rafic Hariri International Airport Duty Free Zone. The contract is over four years, at a value of $74 million. Jean Ellieh, General Director of the Department of Tenders, said that the value of the contract is…

32 office building projects under construction in Beirut

A recent study by RAMCO sarl on the office market in Beirut has revealed that 32 office projects are currently under construction in Municipal Beirut. This total represents 191,528 SQM of office space. The study did not take into consideration projects that will be used as headquarter offices of private…

Aoun, Hariri sign decree for Lebanese diaspora citizenship registration

President Michel Aoun and Prime Minister Saad Hariri Thursday signed a decree that allows Lebanese diaspora to reclaim their citizenship from their country of residence. They signed the decree following a keynote speech from Aoun at the Lebanese Diaspora Energy Conference at the Beirut International Exhibition and Leisure Center (BIEL)…

Diaspora flocks to Beirut to reclaim nationality

President Michel Aoun and Prime Minister Saad Hariri signed a decree Thursday in front of an audience of over 1,000 members of the Lebanese diaspora with the aim of encouraging them to reclaim their Lebanese citizenship. The decree was signed as part of the fourth annual Lebanese Diaspora Energy Conference,…

BLOM PMI improves to 47.5 points in April

Activities of the Lebanese private companies showed signs of improvement in April 2017 although the contraction was still high, according to BLOM PMI Thursday. “The contraction of overall business activity at Lebanon’s private sector slowed down in April as revealed by the BLOM PMI that stood at 47.5, up from…
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