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Ubicated at the confluence of three continents, modern-day Lebanon is an intersection of diverse cultures and religions, a testament to its unique geographical location.
The Port of Beirut emerges as a maritime jewel, ranking among the top 10 seaports in the expansive Mediterranean Sea. Renowned as the gateway to the Middle East, connecting Europe, Asia, and Africa. This port has undergone a remarkable transformation. Originally a local port, it has evolved into a regional and transshipment hub, a metamorphosis fueled by self-financing endeavors.
Lebanon has faced severe economic challenges, including an economic depression, the impact of COVID-19, and a devastating port explosion. These crises have led to hyperinflation, a significant increase in poverty, and a halt in lending by banks. The aftermath of the Port of Beirut explosion further disrupted trade and logistics. Despite these challenges, a new financing facility has emerged to aid in recovery, aiming to stabilize the economy. However, Lebanon's economic path remains complex, requiring comprehensive reforms and international support to address deep-rooted issues and foster sustainable growth.
1,229,100 TEU (2019)
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Nadim Khoury |
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+961 555 555 555 | beirut.lebanon@sdglines.com |