I also wish to place on record my gratitude to our shareholders and investors for the trust they have vested in us which gives us the confidence to pursue our growth-oriented investment strategy. |
The Beirut Gate placement also marks our entry into markets outside the GCC in the region. In line with our charter to offer unique investment mechanisms, we are also in the process of developing instruments that will tap growth opportunities in international markets. |
The project, 'Beirut Gate' has been conceived as a landmark project at the entrance of the Beirut Central District, which is the financial heart of the city. The project comprises seven plots on a total foot-print area of 229,871 square feet and a built-up area of almost 1.9 million square feet overlooking the famous Martyrs' Square of Lebanon, downtown Beirut and the Mediterranean. |
We received tremendous enthusiasm to these investment offers from investors and we have closed Al-Arabi Private Equity Fund and robust response ensured early closure of the Energy City private placement. |