Economic Perspectives – Lebanon

Lebanon's temperate climate, rich soil and abundant water resources allow it to stand out as an ideal location for agricultural activities in the region. Precipitation in the country remains relatively high, averaging 2.2 billion cubic meters per year, which is significantly higher than the regional average.

The Agri-food sector is a major contributor to the growth of Lebanon's industrial sector and is expected to continue to play an important role in the economy, driven by government support and private sector initiatives to increase its competitiveness.

The growing demand for IT and mobile services in Lebanon and the MENA region has led to massive investments in Lebanon's telecommunications infrastructure. The sector has achieved remarkable growth in recent years, driven by various policy initiatives and government decisions to modernize and support the expansion of the sector.

The tourism sector in Lebanon has historically been a significant contributor to the country's economy, with its rich history, diverse culture, and colorful landscapes attracting visitors from around the world.

Small scale and off grid solutions is one of the few booming sectors now in Lebanon. Solarization is indeed a keyword in the Lebanese community, in a trial for Lebanese households to be independent from the state’s grid electricity.

There are many of midsize projects funded by international institutions which creates an opportunity for German consultants. The international donors rely on consulting firms and a common setup is two consultants, one Lebanese and a European or international firm.