5 Solidere Development �
Development will continue over the next ten years focusing on the development of the Martyrs ’ Square axis and the New Waterfront District
ten years focusing on the development of the Martyrs ’ Square axis and the New Waterfront District , including development of the eastern marina and the launch of highrise developments with a distinct architectural style . Other real estate projects will finalize the redevelopment of the traditional city center , including the Saifi and Wadi Abou Jamil residential neighborhoods , and construction of the Hotel District , as the City Center of Beirut is still attracting the tourists as well as the investors , which proves that the SOLIDERE ’ s project is a success story and the trust of the world in the future of Lebanon .
SOLIDERE Internationally renowned
SOLIDERE is internationally renowned for its successful redevelopment of the war ravaged city center of Beirut into a thriving modern city center harmoniously integrating a mix of residential , commercial , office , retail , touristic and entertainment activities . SOLIDERE ’ s insistence on meticulous attention to urban
planning , high quality public space , aesthetic and design detail has led it to develop close relations with a large number of the world ’ s leading architects , planners and real estate consultants resulting in not only an architectural showcase but equally a major commercial success much sought after and achieving some of the highest sales values and lease rates in the Middle East and the setting of new trends in Real Estate Development . As a result SOLIDERE is rapidly expanding its international operations with projects in the Gulf , Kingdom of Saudi
Arabia and various Mediterranean countries .
( SOLIDERE is a joint stock corporation incorporated in May 1994 through an association of former property right holders in Beirut city center and cash investors , with a capital of US $ 1.65 billion , with shareholders of about 40,000 . Its shares are traded on the Beirut Stock Exchange . The company is also listed on the London Stock Exchange where Global Depositary Receipts ( GDRs ), representing approximately 5 % of its capital are traded ). �
20 DORCHESTER December 2012