Construction industry sees upswing in the first 10 months of 2009, increases 7.4 pct YoY

摘要

The first 10 months of 2009 saw a significant surge in construction activity in Lebanon, with a strong hike in the issuance of building permits. Figures released by the Order of Engineers of Beirut and Tripoli show that newly issued construction permits totaled 10,171,643 square meters, up by 7.4 percent from the same period of the previous year and by 41.2 percent from the same period of 2007. These figures were published by Bank Audi's Weekly Monitor. "Within this context, one should note that construction activity in the first 10 months of 2009 reached a record high level compared to the same period of previous years in Lebanon," Audi said.