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 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

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