Construction

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…

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…

Construction permits increase 13% in Lebanon

The number of construction permits rose 13 percent in 2016 to 17,295, covering 12.3 million square meters (m2) – unchanged from 2015. The average area per permit is 707 m2, down 13 percent. Beirut saw the sharpest decline in area and number of permits. Negative growth was also recorded in…

Construction activity improves in Lebanon

The construction industry in Lebanon showed positive performance in the first five months of this year with the number of real estate permits increasing from 5,816 in May 2015, compared to 6,897 in the same period of 2016. Noting that permits are usually issued at least 6 months after filing…