A Hezbollah flag raised above the rubble of a building destroyed by an Israeli strike in Beirut's southern suburbs, Nov. 8, 2024. (Credit: Mohammad Yassin/L'Orient Today)
According to the Jihad al-Binaa Foundation, one of the largest associations directly led by Hezbollah, the cost of damages to physical structure in Lebanon — with over 45,000 houses and 1.2 million cubic meters of rubbles — from Oct. 8, 2023 until October 2024 is estimated at $2.9 billion. Read more Fayad: $480 million in losses in electricity, energy and water sectors These estimates, also mentioned in the newsletter al-Akhbar, echoed figures issued by the World Bank on Nov. 14, stating that losses related to residential buildings reached $2.8 billion by Oct. 27, 2024. In its report entitled "Lebanon Interim Damage and Loss Assessment," the World Bank found that the cost of damage to physical structures amounted to $3.413 billion, whereas that of economic losses reached $5.062 billion.Jihad al-Binaa's census revealed that the scale...
According to the Jihad al-Binaa Foundation, one of the largest associations directly led by Hezbollah, the cost of damages to physical structure in Lebanon — with over 45,000 houses and 1.2 million cubic meters of rubbles — from Oct. 8, 2023 until October 2024 is estimated at $2.9 billion. Read more Fayad: $480 million in losses in electricity, energy and water sectors These estimates, also mentioned in the newsletter al-Akhbar, echoed figures issued by the World Bank on Nov. 14, stating that losses related to residential buildings reached $2.8 billion by Oct. 27, 2024. In its report entitled "Lebanon Interim Damage and Loss Assessment," the World Bank found that the cost of damage to physical structures amounted to $3.413 billion, whereas that of economic losses reached $5.062 billion.Jihad al-Binaa's census revealed that the...