 | |
| Company type | Joint-Stock Company |
|---|---|
| Industry | Real estate |
| Founded | 1994 |
| Founders | Council of Development and Reconstruction (CDR) |
| Headquarters | Beirut, Lebanon |
Area served | Beirut Central District |
Key people | Nasser Chammaa (Chairman) |
| Website | 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 Lebanese Civil War. By agreement with the government, Solidere has special powers of eminent domain as well as a limited regulatory authority codified in law, making the company a form of public-private partnership.
Solidere was founded on 5 May 1994 under the authority of the Council of Development and Reconstruction and following the vision of then-Prime Minister Rafik Hariri. Solidere was incorporated as a privately owned company listed on the stock exchange. The name stands for Société Libanaise pour le Développement et la Reconstruction du Centre-ville de Beyrouth, French for "The Lebanese Company for the Development and Reconstruction of Beirut Central District".[1]
Solidere's original mandate was to finish its development work and dissolve by 2019, but this date has been extended to 2029.[1]
- ^ a b Barrington, Lisa (12 December 2017). "Beirut redeveloper Solidere struggles through Lebanon's turmoil". Reuters. Archived from the original on December 12, 2017. Retrieved 18 August 2020.