Construction in Lebanon the lowest in 7 years

The licensed construction spaces in Lebanon have increased to 860,869 square meters during the month of October 2016, against nearly 803,353 square meters in September of the same year, Al Diyar daily said today. Citing figures released by the Order of Engineers, the newspaper added that on a cumulative basis, however, the licensed building areas have shrunken to 835,879.2 square meters (2.34% annually) during the first 10 months of 2016. This figure, Al Diyar added, is the lowest record since 7 years, as compared to 855,904.1 square meters during the same period of the past year. (Al Diyar, November 28, 2016)