Arab Gulf investors have expressed trepidation over investing in projects in Lebanon, at least until the political picture becomes clearer. According to the Daily Star, Bader Ali, the vice chairman and managing director of the Kuwaiti based Gulf Investment House, is one of many investors watching with alarm the unfolding developments in Lebanon after the killing of former Prime Minister Rafik Hariri.
According to him, real-estate prices are expected to fall as the demand for properties may decrease. "Some investors may be encouraged to buy properties when the prices become reasonable," he told the newspaper.
