2 Days
Source:
الكتائب اللبنانية
Shura decision halts quarry in Al-Koura
The cement industry in Lebanon is facing a severe crisis following the decision by the State Shura Council to suspend the government's decisions regarding cement quarry licenses, effectively returning the sector to square one. Production at the quarries had resumed after a period of stoppage, but this ruling eliminated that revival, leading to a shortage of approximately 4,000 tons per day. Consequently, cement prices have risen significantly, with the price per ton in the parallel market reaching around $400 compared to $91 in the factories. Stakeholders believe the core issue lies in the absence of a permanent legal framework to regulate the sector and that the crisis stems from the lack of a clear policy for organizing the cement industry. There is a pressing need to issue new legislation to open the door for imports as an alternative source, especially given the demand for millions of tons of cement for reconstruction, to reduce monopolies, introduce economic alternatives, and meet local demand.
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