Co-working draws Lebanese amid economic, power crises
Several businesses in Lebanon have started utilizing co-working spaces, allowing them to cope with crises by sharing ideas and skills as well as offices.
Beirut, Lebanon - Lebanese companies, freelancers, and professionals are trying co-working spaces to cope with the financial and practical obstacles of the economic crisis.
The ripple effects of the country's currency crash, banking crisis, and inability to import needed resources have led to rising rents, unaffordable and unreliable generators and expensive transport. Co-working spaces offer a solution.
“We are currently around 98% full and we have been so all year,” Kim Mouawad, senior community manager at Beirut Digital District, told Al-Monitor. According to Mouawad, the demand for co-working spaces has grown due to the need for reliable internet and electricity 24 hours a day.
The shared office spaces often include private desks, offices, conference rooms, break rooms, a mini café, and a kitchen and bathrooms. They are helping Lebanese companies and freelancers preserve jobs and generate income in fresh dollars through working and partnering with companies abroad.
