Investment supremo touts billions in property sales - mosty to non-residents
Saudi, Kuwaiti and Emirati nationals gobble up real estate
By Osama Habib
Daily Star staff
Wednesday, October 15, 2008
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More than $4 billion worth of properties were sold in Lebanon in the first eight months of 2008 and the figure is expected to reach $5 billion by year-end, the head of the Investment Development Authority of Lebanon (IDAL) said Tuesday. "The policies of the central bank during the political and security crisis have apparently paid off.
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