Solidere

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Solidere sal
legal form	Corporation
founding	1994
Seat	Beirut , Lebanon
management	Wet Chammaa
sales	US $ 120 million
Branch	Construction, real estate
Website	www.solidere.com

The company Solidere is a Lebanese construction and real estate companies .

history

The company was founded on May 5, 1994 by Rafiq al-Hariri , the former Prime Minister of Lebanon. The name is an acronym for So ciété li banaise pour le dé veloppement et la re construction de Beyrouth , (Society for the Development and Reconstruction of Beirut). Through an agreement with the government, Solidere has special powers and can, to a limited extent, act as a supervisory authority and even carry out expropriations. The company is a special form of public-private partnership.

Projects

Solidere is the main force in the rebuilding of Beirut after the Lebanese civil war . Solidere's main role is to oversee and implement the government initiated reconstruction plan. This includes the financing and expansion of infrastructure, new construction and renovation of structures destroyed in the war, urban design and the management of real estate. Important individual projects were the Beirut Souks, a 100,000 square meter shopping center, the Hadiqat As-Samah (Garden of Forgiveness), the Khalil Gibran Park , the Platinum Tower , the Marina Towers and the Marina Zaitunay Bay on Saint George's Bay .

criticism

Protest against Solidere in downtown Beirut at the former Saint George Hotel on Saint George's Bay

The company has been criticized for being responsible for socially and historically incompatible construction activity in Beirut . The former chairman and company founder Rafiq al-Hariri , who was also prime minister of the country, cleared residential buildings on a large scale and demolished historical buildings in order to build luxury properties there, which can lead to a gentrification of the Beirut Central District .

Individual evidence

1. ↑ Annual report 2012 at www.solidere.com, accessed on May 22, 2014 (PDF, 33 MB).
2. ↑ Yasser Elsheshtawy (2008): "The evolving Arab city: tradition, modernity and urban development", Routledge, ISBN 0-415-41156-4
3. ^ Sarah Irving, (2009): Lebanon's politics of real estate, Electronic Lebanon
4. ↑ Between war ruins and luxury boutiques: The reconstruction of Beirut city center - Deutschlandradio (accessed on February 11, 2012)