Lebanon industrial exports up 70 percent, investments drop

Published October 31st, 2001 - 02:00 GMT

Lebanese industrial exports totaled LL 770.4 billion ($509 million) in the first nine months of 2001, recording a 69 percent growth rate from the corresponding period of the previous year, when the value of industrial exports stood at LL 456.4 ($301.6 million) billion, reported the Lebanese Ministry of Industry.  

 

Lebanese industrial exports recorded the highest monthly average in August and September this year. This figure hit LL 233 billion ($154 million) in both months, compared with an average of LL 43 billion ($28.4 million) in the previous seven month of 2001, reported Al-Nahar.  

 

The value of Lebanese paper exports had reached LL 391 billion ($258.4 million) between January and September 2001. This figure translates into a 50.7 percent rise, compared with the corresponding period of the previous year.  

 

During the first half of the year 2000, the ministry reported that 272 new factories were set up in Lebanon, compared with 191 factories in the first half of 2000, representing 42 percent annual growth.  

 

Nevertheless, the ministry reported that the value of the capital invested in Lebanon’s industrial sector decreased from LL 67.2 billion ($44.4 million) in the first half of 2000 to LL 49 billion ($32.4 million) in the first half of 2001, a 27 percent drop.  

 

The number of the new jobs available in Lebanon increased from 1,975 to 2,022 during the same period, a 2.3 percent rise. — (Mena Report) 

© 2001 Mena Report (www.menareport.com)


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