Beirut Gate first plot sold within two weeks of launch.

Middle East and North Africa Business Report | October 29, 2006 | Copyright

Oct. 29--Abu Dhabi Investment House (ADIH) announced that it has a buyer for the first of eight plots in its US$600 million mega-project in the centre of Beirut. Rashad Janahi, CEO of ADIH signed a Memorandum of Understanding (MoU) (yesterday, Saturday October 28 2006), just two weeks after the official launch of the landmark project. Janahi is also chairman of the recently-formed holding company for Beirut Gate. He confirmed that the flagship deal is valued at some $30million and indicated that interest has been rife since the mid October inaugural event, with the ...

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