I dont know if this is another one, but read this
Levant Holding launches huge real estate project in Lebanon
By Ben Garcia
KUWAIT: Levant Holding, part of Al-Sayer Group, announced on Tuesday evening the launch of its first real estate investment project in Solidere, Beirut. The announcement was made at Arraya Ballroom in Courtyard Marriott Hotel in the presence of local press, members of Kuwaiti business community and several foreign investors. Levant project is considered the biggest real estate projects in the history of Lebanon.
Nasser Mohammed Al-Sayer, Chairman of the Board of Al-Sayer Group, introduced the company, welcomed guests and thanked them for their presence. He noted that the company (Levant) was created to be a foundation for investors who are considering Mediterranean Sea region as their next investment destination. He invited local investors to take part in several investment projects offered by Levant Holding. Al-Sayer Group will be the core foundation of Real Estate projects through Al-Dhao Investment Company.
According to Al-Sayer, location wise, Lebanon has something to be proud of as it is geographically small, but stands at the centre of the world. "Lebanon is situated in the best geographical location, meeting point of three continents' people from Asia, Europe and Africa. Economically speaking it is the country of great hope," he said.
And why invest in real estate in Lebanon? In a presentation conducted by Mansour Barakat, representative of Audi Saradar Investment Bank, noted Lebanon's upward position in global growth. He mentioned several investments opportunities in real estate sector, which investors should take note. "Private sector is the backbone of Lebanese economy. We have a strong private sector, large growth reserve, appealing business environment, attractive investment framework, attractive market structure and equal investment rights among Lebanese and foreign investors," he said.
He also took pride of country's high literacy rate, near complete infrastructure networks, modern telecommunication systems, stable political climate and revised business and regulatory laws. The main features of Levant Holding's projects cover 205,000 square meter area in downtown Beirut. It is located a 10-minute drive from the airport and 500 meters from Nejmeh Square. The project will include commercial offices, residential complexes, shopping malls, hotels, cinemas and many more.