Construction permits issued in Beirut drop by 0.2 percent
Figures released by the Order of Engineers of Beirut and Tripoli show that the number of construction permits reached 10,091 in the first seven months of 2014, constituting a marginal decrease of 0.2 percent from 10,115 for the same period last year.
However, the surface area of construction permits issued in the first seven months reached 8.3 million square meters, which constitutes an increase of 9 percent from the same period last year. Mount Lebanon accounted for 43.1 percent of the number of construction permits in the period, followed by South Lebanon with 16.8 percent, Nabatieh with 12.7 percent, the North with 12.5 percent, the Bekaa Valley with 9.8 percent, and Beirut with 5.1 percent.
The figures were reported in Lebanon This Week, the economic publication of the Byblos Bank Group.