Fuad Chehab
In 1913 and during the Mandate era, Jounieh suffered economic decline and recession as the French administration moved part of Jounieh’s administrative role to the Capital, Beirut. Also Jounieh came out of the First World War weakened by famine and economic stagnation. So several of its inhabitants were forced to move to the capital or to immigrate, and Jounieh lost most of its expertise. Its social and population development stopped, and its economic development weakened. The 1932 statistics showed 1,286 housed in Jounieh: 371 in Sarba, 434 in Ghadir, 350 houses in Harat Sakhr, and 131 in Sahil ‘Alma. This affected the building industry and records in the town hall showed very limited number of permits given from 1922-1940. The only active sectors in that period were schools, small crafts, and planting of citrus trees, sugar cane, and vegetables. This situation stayed the same until the rule of President Fuad Chehab who outfitted the city with all that it needed to become modern. Jounieh then awakened from its slumber with projects for roads, lighting, modern planning, a stadium, a tourist port, a government house, and infrastructure. President Chehab used a number of experts and engineers headed by the French engineer Ecochard. The talk became of “Monte Carlo of the East” and Jounieh stood out as a bride of the Lebanese coast. In 1959, it started to attract banks, the first which were the Lebanese Commerce Bank and the Lebanese Federal Bank. By 1975 the number of banks reached six and today there are 38 banks in addition to the Lebanese Central Bank which was established in 1879.