According to Business News, the completion of 3 industrial cities planned by the Ministry of Industry in collaboration with United Nations Industrial Development Organization (UNIDO) and the Association of Lebanese Industrialists for Baalbek, Tourbul-Qosaya, and Deir el Moukhaless-Jleiliyeh will require $85M. While the project gained international support, the Italian government has been the only one to provide an $8M loan to the project. Noting that this industrial project is part of Lebanon’s UNIDO Country Programme for the period 2015-2018, it will create new job opportunities during and after construction estimated at 29,190.
The following table describes the details of each industrial zone:
Industrial Zone | Total Space(m2) | Number of Plots | Required Investment ($M) | Number of Jobs Created during Construction | Number of Jobs Created after Construction |
Baalbek | 512,000 | 88 | 18 | 530 | 3,895 |
Tourbul-Qosaya | 1.8M | 135 | 45 | 845 | 19,316 |
Deir el Moukhaless-Jleiliyeh | 6.6M | 95 | 21 | 550 | 4,059 |