Ever since 2011, construction, real estate and therefore the cement industry have been negatively impacted by the eruption of the Arab spring, especially in neighboring Syria, and by the local instability be it on the political front or the security front.
The cement industry is also impacted by the government’s under investment in infrastructure works. The Lebanese government is burdened by servicing its debt which represented 140% of GDP in 2014 and by subsidizing the state-owned electricity company, Electricité du Liban (EDL) in a range of $1 to $1.5 billion/year…
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