24 Hrs
Source:
عين ليبيا
Lebanon War Causes $23B Losses in South
A statistical report has revealed that the war that began in Lebanon on October 8, 2023, has caused financial losses estimated at around 23 billion dollars, encompassing both direct and indirect damages. The direct losses amount to approximately 16 billion dollars, while the indirect damages are valued at about 7 billion dollars. There has been widespread destruction in the southern regions, with some areas experiencing up to 90% devastation. Approximately 30,000 housing units have been completely destroyed, 38,750 with partial damage, and 58,000 with minor damage, underscoring the significant impact on residential infrastructure. The economic sector has also been affected, with around 3,150 commercial, industrial, and tourism establishments destroyed, leading to additional losses in jobs and economic activity. These figures are still preliminary and require comprehensive field surveys. Experts predict that reconstruction efforts will not begin until the war ends, given the extent of the destruction and the high costs involved, which will require substantial external funding.
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