Price: $250.00
Published: 03-05-2021
The global downturn presented by Covid-19 virus may be the catalyst needed to further destabilise an already unstable Levant region. The Levant countries are desperately in need of reforms to encourage investment, stimulate growth and garner the support of the wider world, and gain investor confidence to improve foreign investment and capital inflows. Countries across the region are now investing in alternative energy and have adopted regulations and financing models endorsing PPPs to reduce the energy burden. With large debts, declining economics, and unstable governments, many Levantine nations will be at crossroads even after the virus is contained, for few more years, according to industry experts. The construction industry in the region will witness more decline in the coming years if problems are not solved in the Levant countries.
The report throws light on the impact of Covid-19 on the economy and construction industry in the Levant region comprising of Iraq, Jordan, Palestine , Lebanon and Syria. Although the countries have benefited significantly from emergency lending from the IMF, liquidity and external pressures will remain, especially for those with declining foreign-exchange reserves such as Iraq and Lebanon, and constrained access to international capital markets for Iraq.
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