Go west, east, north, and south young Lebanese
I still tell the foreign investor to invest in Lebanon because I know it’s a good bet for them. We are a small country so our laws are geared to attracting foreigners and their money, convincing them to stay and spend. Our land mass is small so investment in real estate is a safe bet because there will never be enough land. Demand will remain strong, especially from the nostalgic (misguided) Diaspora who still believe owning a concrete, steal, and cinder block home is a good investment for their future and their children’s future. We have a well developed banking control structure, local banks are prudent and very conservative on risk, the interest paid on deposits is far better than neighboring Europe, and we still have banking secrecy, although how long this archaic and outdated concept will manage to hobble along amid an ever more hostile international financial climate that is demanding ever greater openness and transparency, is anyone’s guess. As for the wide-eyed, hopeful youth o...