Solidere

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 May 5, 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.”