Solidere

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 country’s devastating 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 “Solidere” 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 ancient title of “Paris of the Middle East", even though it would be at the price of demolishing its charm. 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.[1] Solidere has worked to attract global retailers such as Virgin Megastores to Beirut Central District. The company’s most significant single project to date has been Beirut Souks, a 100,000 m2 retail center that was scheduled to open by year 2008, however opened in 2009. Other ongoing developments include the Hadiqat As-Samah (Garden of Forgiveness), Platinum Tower and the Marina Towers luxury residential complex, and now very majorly the Beirut Gate and Phoenician village projects planned for the near future.

Solidere is criticized for having destroyed the social fabric of "Centre-Ville" (aka Downtown Beirut), because of its very controversial methods which consisted in forcing the ancient inhabitants and shop owners of the...