Solidere
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| Joint-Stock Company | |
| Industry | Real estate |
| Founded | 1994 |
| Founder | Rafic Hariri |
| Headquarters | Beirut, Lebanon |
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Area served
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Beirut Central District |
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Key people
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Nasser Chammaa (Chairman), Mounir Douaidy (General Manager) |
| Website | www.solidere.com |
Solidere s.a.l. is a Lebanese joint-stock company in charge of planning and redeveloping Beirut Central District following the conclusion, in 1990, of the devastating Lebanese Civil War. By agreement with the government, Solidere enjoys special powers of eminent domain as well as a limited regulatory authority codified in law, making the company a unique form of public-private partnership.
Solidere was founded on 5 May 1994 by then-Prime Minister Rafik Hariri and was incorporated as a privately owned company listed on the stock exchange. The name stands for Société libanaise pour le développement et la reconstruction de Beyrouth, French for "The Lebanese Company for the Development and Reconstruction of Beirut".
Solidere is widely credited as the most important force behind Beirut's reemergence, in recent years, as a bustling urban destination with a chance to earn back its prewar title of "Paris of the Middle East". Solidere's main functions are the supervision of the government-authorized reconstruction plan, financing and developing the infrastructure, new construction and rehabilitation of war-torn structures, urban landscaping and the management of property. Solidere has worked to attract global retailers such as Virgin Megastores to Beirut Central District. Its most significant single project to date has been Beirut Souks, a 100,000 m2 retail center that was scheduled to open by 2008; it opened in 2009. Other projects that are central to the company's cultural strategy for the center are the Beirut Exhibition Center, add Saifi Village - Quartier des Arts, a residential neighbourhood with a high density of design shops and art galleries.
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Wikipedia