Completion of 3 Industrial Zones in Lebanon will Require $85M

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 PlotsRequired Investment ($M)Number of Jobs Created during ConstructionNumber of Jobs Created after Construction
Baalbek512,0008818530                                3,895
Tourbul-Qosaya1.8M13545845                              19,316
Deir el Moukhaless-Jleiliyeh6.6M9521550                                4,059

Leave a Reply

Your email address will not be published. Required fields are marked *