Lebanon Faces Industrialists Exodus Triggered by Crisis with Gulf Countries

Lebanon Faces Industrialists Exodus Triggered by Crisis with Gulf Countries

Since 2019, the Lebanese government has not been able to stop the economic collapse afflicting Lebanon. On the contrary, the state has resorted to political approaches that have been putting nails in the country’s coffin in general, and the economy in particular. Because of these irresponsible approaches, Arab Gulf states have shut down their doors to the livelihoods of the Lebanese, depriving them of access to the largest import market.

The crisis with Gulf states has prompted Lebanese industrialists to flee Lebanon, where they are paying a very steep price brought about by their state's inability to assume responsibilities.

Lebanon’s government has failed to arrest drug smugglers trafficking narcotics to the Kingdom of Saudi Arabia.

Adding fuel to the fire, former Foreign Minister Charbel Wehbe insulted Arab Gulf countries and falsely accused them of financing terrorism. At the same time, Information Minister George Kordahi criticized the coalition led by Saudi Arabia against Houthi terrorist militia in Yemen.

“Many of Lebanon's industrialists have already begun to study markets in other countries such as Oman and Egypt, and even Turkey and Cyprus, in search of a place to move their factories, while some closed their factories and dismantled their machines and actually moved,” Vice President of