Solidere sal, the Lebanese Company for the Development and Reconstruction of the Beirut Central District, indicated that a total of 403 development projects representing about 3.2 million square meters of built-up area were at various stages of development in the Beirut Central District as of end-March 2012. It said 272 projects have been completed, 51 are under study, 40 are under construction, 13 are awaiting permits, 13 awaiting submission, eight are inactive and six are under restoration. Also, the projects completed represent 1.4 million square meters of built-up area and account for 42.7% of the total; those under study cover 925,018 sqm; projects awaiting submission total 395,834 sqm, projects under construction total 341,562 sqm; projects awaiting permit reached 153,573 sqm; while inactive projects represent 20,128 sqm and projects being restored consist of 12,543 sqm.h-on-month. The Consumer Price Index grew by 4% year-on-year in March 2012 and by 3.4% year-on-year in February 2012.
Byblos Bank – Lebanon This Week
5 June
