Construction Sentiments
In terms of construction, how quickly can you get things off the ground in Lebanon? Well, it depends who you ask:
London-based practice Alex Cochrane Architects has won provisional planning consent for a £1.8 million ($3.1 million) private housing scheme in the Achrafieh district of Beirut in Lebanon.
“One thing that is great about Beirut is that things happen a lot quicker,” Cochrane said.
Of course than there is the Cedar Island which, we were promised would receive the government green light before the end of the year:
Noor International Holding is unfazed about finding itself in similar situation [as Dubai's Nakheel] as it waits for Lebanese government approval for Cedar Island, where luxury homes, hotels and shopping centres like those on Nakheel’s Palm Jumeirah Island will be built.
Alraai said government approval could come in the next “five to seven months”.
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