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Lebanon positions itself as hub for Syrian reconstruction

Experts say that Lebanon has to prepare for Syria’s reconstruction once the war there ends or else it will be a missed opportunity to improve the Lebanese economy.
Damaged buildings line a street in the besieged area of Homs January 27, 2014. The United States on Monday demanded that Syria allow aid into the "starving" city of Homs, as talks aimed at ending three years of civil war hit more trouble over the future of President Bashar al-Assad. The Syrian government said women and children could leave the besieged city and that rebels should hand over the names of the men who would remain. A U.S. State Department spokesman said an evacuation was not an alternative to i

There may be no end in sight of the Syrian war, but Lebanon is already positioning itself as a hub for Syrian reconstruction markets once the war is over. Strategically located between the Mediterranean Sea and some of Syria's most devastated provinces such as Homs and Damascus, Lebanon could become one of the most important gateways for reconstruction efforts.

According to the World Bank, the restoration of Syria represents an industry estimated to be worth over $200 billion. The figure has some businessmen and policymakers hoping that the anticipated boost in multinational trade will save the Lebanese economy, which has stagnated in recent years.

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