In light of the deteriorating conditions that Lebanon is experiencing, most investments and construction projects were put on hold.
According to the data from the Orders Engineering in Beirut and Tripoli, the total construction permits witnessed a year-on-year (YOY) drop of 20.92% to reach 7,116 permits by September 2020. Notably, the Construction Area Authorized by Permits (CAP) also slumped by an annual 43.46% to 2.86M square meters (sqm), mainly reflecting the little interest of investors in undertaking new projects.
Compared to the same period last year, construction activity diminished remarkably. Across the governorates, Mount Lebanon (38.08% of the total permits) accounted for 2,710 permits compared to 3,070 by September 2019. However, for the South (28.32% of the total permits), the respective number of permits rose to 2,015 permits from 1,911 permits. In Nabatieh, (18.31% of the total permits), permits accounted for 1,303 compared to 1,171 permits by September 2019. In Bekaa and Beirut, 612 and 233 construction permits were issued by September 2020, down from 870 and 561 permits respectively in the same period last year.
Number of Construction Permits by September