solidere quarterly 4 2010
TRANSCRIPT
QuarterlyOctober-December 2010
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The�Solidere�shares�traded�sidewaysthroughout�the�quarter,�with�localpolitical�bickering�affecting�investors’mood.�Volume�remained�subdued�asmost�investors�stayed�away,�awaitingsigns�of�a�political�resolution.�Shareprices�showed�strong�resistance�aroundthe�US$18 level,�at�which�point�therewas�clear�buying�interest.�
Share�A�fluctuated�between�a�low�of�US$18.00 and�a�high�of�US$19.03,�closing�at�US$18.53,�a�2% decrease�fromthe�previous�quarter.�Share�B�tradedbetween�a�low�of�US$17.89 and�a�high�ofUS$19.05,�closing�at�US$18.63,�a�0.37%decrease�from�the�previous�quarter.�
Trading�activity�decreased�during�thequarter,�with�around�2.2 million�sharesof�both�classes�trading�in�the�localmarket,�12% less�than�in�the�previousquarter.�
The�GDRs�traded�on�the�London�StockExchange�closed�at�around�US$19.13,�a�2.19% increase�from�the�previousquarter.
Share B
Daily Closing Prices
SHARE PERFORMANCE DURING THE 4TH QUARTER 2010
VOLUMEPRICE
100,000
75,000
50,000
25,000
0
$20
$19
$18
$17
$16Oct�1 Nov�11
125,274
Dec�31
VOLUMEPRICE
100,000
75,000
50,000
25,000
0
$20
$19
$18
$17
$16Oct�1 Nov�11 Dec�31
Share A
Daily Closing Prices
Share�price�(US�dollars) ��������������������������Trading�volume
François�El�Hajj�and�Omar�Daouk�axes�taking�shape.�Western�corner:�The�Palladium,�Kevin�Dash,�UK,�with�R�&�K�Consultants Eastern�corner:�Two�Park�Avenue,�Samir�Khairallah�and�Partners
EXCHANGE LISTINGDow�Jones�(DJ)�has�included�Lebanonin�its�new�DJ�MENA�Broad�StockMarket�Index,�which�measures�the�stock�performance�of�129 listedregional�companies,�includingSolidere�A�and�B�shares.
CONFERENCESSolidere�general�manager�MounirDouaidy�and�his�team�spoke�aboutthe�impact�of�the�economic�crisis,�thestrategy�going�forward,�governanceand�shareholder�protection�at�thefollowing�conferences:�
HSBC�MENA�Business�Leaders�EquityInvestor�Forum,�Dubai,�October�11-13
Middle�East�Investor�RelationsSociety�Annual�Conference�andAwards,�Beirut,�October�20-21
Union�of�Arab�Stock�ExchangesConference,�Beirut,�October�25-26
EFG�Hermes�and�Auerbach�GraysonManhattan�MENA�Conference,�NewYork,�November�4-5.
DESIGN COMPETITIONSSolidere�selected�Peter�MarinoArchitect�(US)�for�Block�46-08�MinaEl�Hosn�mixed-use�development;�andChris�Blandford�Associates�(UK)�forthe�New�Waterfront�DistrictInfrastructure�Landscape.
AWARDSAt�the�Middle�East�Investor�RelationsSociety’s�awards,�Solidere’s�SamerSoukkarieh�received�Best�CompanyRepresentative�for�the�Levant.
Solidere’s�Hadi�El�Murr�and�Yasmina�Chami�won�the�Omrania�/CSBE�Student�Award�for�Excellence�in�Architectural�Design�for�theiruniversity�graduation�projects.Bahrain,�November�28.
L.E.FT,�architects�of�the�BeirutExhibition�Center,�were�recognized�bythe�Architectural�League�of�New�York,Architectural�Record�Magazine�andthe�Iakov�Chernikhov�InternationalPrize�for�Young�Architects.
BUSINESS & FINANCE
DEVELOPMENT NEWSClose�to�2,961,537 million�sq�m�of�built-up�area,�representingclose�to�388 projects,�are�in�various�stages�of�development�in�Beirut�city�center.
Status Projects BUA sq m
Completed 263 1,277,573
Under�finishing 24 211,567
Under�construction 15 122,198
Under�restoration 5 11,207
Awaiting�permit 24 226,829
Under�study 39 743,384
No�activity 9 23,201
Sold 9 345,578
Total 388 2,961,537
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DESIGN& STYLEBEIRUT SOUKSNewcomersJewellery SoukAzar�JewelryDiamond�Creations�Farah�Shanal�FinecraftImad�BaadaraniJ.F.�GioielliJuicy�DiamondsN.�Mouzannar�Nada�GPierre�Germani�Rami�AbboudVoyageurYessayan�Jewelry
Fakhry BeyBalenciagaRodeo�Drive
Allenby StreetBottega�Veneta
Souk AyassBali�BalimaCafé�MPiquadro
Opening SoonAntoine�WadihSalamounCalvin�KleinLe�StayMomo’sSamsungSweet�TeaThierry�Mugler
Beirut Souks EventsGift�for�Life,�Children’s�Cancer�CenterLanvin�for�H&MBalenciaga�openingNada�G,�Azar,�YessayanJewelers�red�carpetopenings
CITY CENTER NewcomersAga�JewelryAl�MokhtarAl�QurashiBank�of�BaghdadCrocusDreemcomHaremlique�IstanbulHouse�of�LaliqueIssa�LondonJuicy�CoutureLuisa�CeranoMaurice�Abou�MalhabMrs.�RobinsonPrince�HolidaysRiver�WoodsTom�FordWaed
City Center EventsHervé�LégerKoukjianLaduréeReem�Acra
Opening Soon3ezz�CaféAl�Hakim�Anthony�BonjaAntoine�HakimAntoine�Karam�House�LinenAssayel�Event�PlannerBanque�Libano-FrançaiseFransabankIsabel�MarantIshtar�Home�CollectionLanvin�WomenMagic�InManasseh�JewelryMax�MaraRelais�FochSantiagoSiraj�Hindi�CarpetsSport�et�LoisirSubwayVan�Cleef�&�ArpelsZougheib�Jewelry
ART SCENE
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Souk Arwam GalleryJamãl photography exhibition,�Roger�Moukarzel,�December�10-21.Pièce UniqueSérénité,�Abdel-Mawla�Oweini,October�6-23Mémoires et images,�Assia�Massabki,�November�1-11Melting Pot,�Cathy�Athanassiadès�El-Tabbah,�November�12-20Emile Azar,�November�25�–December�18Collection de peintures,�December�20�– January 8.�
Aida CherfanBahram Hajou,�November�12�– December�3Les sculpteurs et peintres de la nuit,Amal�Muraywed,�Sergio�Zanni,�PuccioPucci�and�others,�December�10-31.AlwaneExposition collective,�40 Lebanese�and�international�artists,�throughNovember�30.AyyamDances in the Canal,�Samia�Halaby,October�7 –�November�27Masks, Kings and Other ThingsRevisited,�Oussama�Diab,�December�2�– January�15Shabab Uprising,�Platinum�Tower,December�2.
FFA Private BankHanibal Srouji,October�7�– November�5.RochaneSignalitiques,�Ghassan�Zard�Abou�Jaoude,�November�4-13.MaqamMy Father: Reflections,�Afaf�Zuraykbook�with�photography�exhibition�by�Noel�Nasr,�October�22-29Al-Burak I,�Mohammed�Said�Baalbaki,November�18�–�December�31.Mark HachemMona Trad Dabaji,�October 19 – November�16Youri Leroux and Dirk De Keyser,November�18�–�December�9Histrionic,�Nour�El�Khazen,�December�17 –�January�4.
Mouawad MuseumPhoenician Rêveries Métamorphoses,Mona�Jabbour,�October�22�– November�1.Q ContemporaryQ Calling the Shots,�architecturalphotography,�November�11�–�December�24.Sanduq El FerjiUFA�3D�mapping�event�andcompetition�for�best�animators�and�visual�artists�in�Lebanon,�Martyrs’�Square,�December�22-31.
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BEIRUT EXHIBITIONCENTERThe�thirtieth�Salon�d’Automnecrowned�the�year�at�this�art�space�on�Beirut�Waterfront.
Arabicity,�through�October�31
La nature dans tous ses états,�Liliane�Tyan�for�Help�Lebanon�30th�anniversary,�November�4
XXXe Salon d’Automne, Nicolas�Sursock�Museum,December�2�– January�4.
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SACRED MUSIC FESTIVALSt George Orthodox CathedralChorale�St�RomanosMount�Lebanon�Byzantine�Orthodox�choirSt Nichan Armenian Orthodox CathedralLa�Chanterie�de�Beyrouth�children’s�choirSt Louis Capuchin ChurchLebanese�School�of�the�Blind�in�Baabda�choir�Ghada�Ghanem�Ghada�Shbeir�Chorale�la�Voix�d’AntanSt Elie Maronite ChurchGrace�Medawar�Abeer�Nehmé�Tania�Kassis�Oriental�ChristmasGaragatch�children’s�choir�of�HamazkayinNational Evangelical ChurchKamila�and�Zakar�KechichianChristian�Community�choir�Four�KnightsAll Saints ChurchChristmas�CarolsSt George Maronite CathedralThe�Holy�Spirit�University�choirSt Elie Catholic CathedralNotre�Dame�University�choirSamar�Saleme
BEIRUT CELEBRATES
BEIRUT SOUKSAdha�Kids�and�Christmas�show�with�Mini�StudioChristmas�parade�and�tree�illumination,�with�marching�band,�Santa�Claus�float�and�Mini�StudioSanta’s�House,�picture�taking�with�Santa�Claus�and�his�elvesChristmas�Workshops,�children’s�activities.
QUARTIER DES ARTS EN FÊTESaifi�Village�hosted�a�young�designers’�exhibition�and�a�competition�for�best�window�display.
NEW YEAR CELEBRATIONSA�countdown�light�show,�confetti�rain�and�fireworksannounced�the�New�Year.
ST ELIE INAUGURATIONBishop�Youssef�Kallass�led�the�inauguration�mass�at�St�Elie�Greek-Catholic�Cathedral�on�Nejmeh�Square,�in�the�presence�of�Nuncio�Gabriele�Caccia�and�other�religious�and�official�figures,�December�11.
The city center sparkled with joy during the end of year holiday season. Boutiques decked the hallswith festive window displays, and Solidere adornedthe streets with decorations and celebrated theholidays with activities.
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PERFORMING ARTS
12
BEIRUT SOUKS Jazz FestivalCharbel�Rouhana’s�Big�Band,�October�14Patti�Austin,�October�15Randy�Crawford�and�Joe�Sample�Trio,October�16.
GRAND SERAILSoprano�Diletta�Rizzo�Marin�and�baritoneToufic�Maatouk�with�the�LebanesePhilharmonic�Orchestra�directed�byFrancesco�Lanzillotta,�Italian�Embassy,November�13Une Soirée Frédéric Chopin,�with�sopranoNadine�Nassar�and�pianist�PrzemyslawLechowski,�Polish�Embassy�and�Amicale�desAnciens�Élèves�de�Jamhour,�November�26.
MUSIC HALLLiban JazzTrio�Joubran,�tribute�to�Mahmoud�Darwich,November�22.
BIELFayrouz,�live�in�concert,�October�7-8Robin�Gibb,�live�in�concert,�November�20DJ�Markus�Schulz,�October�16DJ�Lethal�Skills,�November�18.
A live performance by legendaryLebanese diva Fayrouz and aninternational Jazz Festival were the highlights of the season.
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BOOKSIGNINGSGeorges Schéhadé ou la poésie du réel,Maha�Badr,�L'HarmattanLe nouveau gouvernement du monde,Georges�Corm,�La�DécouverteCent quatre-vingts crépuscules,�HassanDaoud,�Actes�SudNoon Moon,�Percy�Kemp,�SeuilL’Olympe des infortunes,�YasminaKhadra,�JulliardNoir Beyrouth,�Emilie�ThomasMansour,�TamyrasSarkozy au Proche-Orient,�FaroukMardam�Bey,�Actes�SudBeyrouth by Day,�Tania�HadjithomasMehanna,�TamyrasLes écureuils de Central Park sont tristesle lundi,�Katherine�Pancol,�Albin�MichelAlbert Camus, fils d’Alger,�AlainVircondelet,�FayardBye bye Babylone : Beyrouth 1975-1979,Lamia�Ziadé,�DenoëlLa fille aux cendres : contes du Liban,Nathalie�Zoghaib,�L'Harmattan.
LECTURES ANDROUNDTABLESBeyrouth sans Beyrouth : peut-onencore sauver notre ville?Minister�ofCulture�Selim�Wardé,�Lady�YvonneSursock�Cochrane,�Serge�Yazigi,Antoine�Messarra,�Giorgio�Guy�Tarrafand�Tania�Hadjithomas�Mehanna,moderated�by�Georges�RabbathFaits et méfaits de la globalisation,Georges�Corm,�moderated�byElisabeth�LonguenesseUn patrimoine, un héritage : la languefrançaise et la Méditerranée with�EzzaAgha�Malak,�Romain�Vignest,�SophieSalloum�and�Nadia�SkandaraniL’aménagement des paysages libanais,Raja�ChoueiriLes mille et une nuits, sourced'inspiration pour les écrivainsd’aujourd’hui,�Malek�Chebel,�Elias�
Khoury�and�Robert�Solé,�moderatedby�Georgia�MakhloufL'appauvrissement linguistique, unphénomène mondial,�Percy�Kemp,Charif�Majdalani�and�CherifChoubachy,�moderated�by�GeorgiaMakhloufNaissance d'une musicologie généraledes traditions entre Beyrouth et Paris,Père�Antoine�Rajeh,�Nidaa�AbouMrad,�Jean�Lambert,�BouchraBechealany�and�Fares�SassineLes médiathèques et la conservation dupatrimoine libanais,�Mariette�AtallahAbdelhay,�Philippe�Vezie,�NadineMeouchy,�Basile�Khoury,�EssineGemayel�and�Mohammad�Al�DbiyatComment le ‘hi kifak ça va’ peut aiderl'apprentissage des langues en classe,Isabelle�Grappe.
ACTIVITIES AND CONCERTSSlam Poetry Performance,�with�highschool�students�and�Lauréline�KuntzBeirut Fresco,�interactive�mural�of�theBeirut�coastline,�Michèle�StandjovskiChaque jour un conte,�children’sstorytelling,�Randa�Abul�Husn�andVéronique�NaderToute la musique dont vous rêvez,performances�by�students�from�the�Lebanese�National�HigherConservatory�of�Music.�
EXHIBITIONSDans les pas d’Albert Camus,�photosDes bulles et des hommes,�historicalsurvey�of�French�comic�booksObjectif livre! photos�by�Lebanesehigh�school�studentsGalerie d’auteurs suisses,�photosHommage à Mohieddine Al Labbad,drawings�and�caricatures7 jours en Egypte et 5 jours à Alep,photos�by�ALBA�studentsBienvenue en Libania,�photos.
SALON DU LIVREThe�17th�edition�of�the�Francophone�bookfair�in�Beirut�brought�togethermore�than�130 international�authors,�publishers,�booksellers�and�thousandsof�Lebanese�readers�for�ten�days�of�intellectual�exchange.�The�event,organized�by�the�Lebanese�syndicate�of�book�importers�in�partnership�with�the�French�Cultural�Mission,�is�the�third�largest�Francophone�bookfairin�the�world�after�Paris�and�Montreal.The�highlight�of�the�fair�is�the�annual�Prix�Phénix,�awarded�to�a�LebaneseFrancophone�author�or�to�a�French�author�whose�work�relates�to�Lebanon.The�2010 prize�was�awarded�to�Percy�Kemp�for�his�new�novel�Noon Moon.Biel,�October�28 – November�7.
INTERNATIONAL ARAB BOOKFAIRThe�Beirut�International�Arab�Bookfair�in�its�54th�edition,�organizedby�the�Arab�Cultural�Club�with�the�collaboration�of�the�LebanesePublishers’�Union,�brought�together�a�large�number�of�local�andregional�literary�publishers,�authors�and�audiences.�Events�during�the�twelve-day�bookfair�included�booksignings,�book�launches,lectures�and�forums.�Faten,�by�Fatima�Sharafeddine�(Kalimate)�won�the�2010 Best�Bookprize,�and�the�collection�Toufoulati Kanzi (Dar�El�Makassed)�won�BestChildren’s�Book�prize.�Biel,�December 3-16.
BEIRUT BOOK CAPITAL
LECTURES, FILMS, FORUMSMohammed Hassan Fadlallah,Jurisprudence and Thought,�GeorgeMassouh,�Radwan�Al�Sayed�and�HaniFahs,�presented�by�George�NassifTarikh Al Qossa Alsaudia Wa Jouzouraha Fi Al Jazira Al Arabia,�Abdallah�Bin�Mohammed�Al�NasserHow Can We Make the New GenerationLike Arabic Grammar, Sultan�Nasser�El�DinBeirut Fi Ouyoun Al Che’ar Al Saoudi,Abdallah�Bin�Salem�Alma’taniThe Role of the International Red Crossin Improving Human Rights Laws, Sharif�AtlamAl Dars Al Awal, a�film�by�Arin�Al�OmariJabbour Douwaihi’s Charrid Al Manazel,Mona�Fayad,�Hazem�Saghia,�Melhem�Chaoul�and�George�DorlianHonoring Palestinian Artists HaniAlsaidi, Mahmoud�Said,�Arin�Al�Omari,Rachid�Mishrawi�and�Zinati�Qodsiya,presented�by�Ghazi�Kahwaji.
BOOKSIGNINGSHajar Wa Ma’,�Zafer�Al�Hajari�Samt Al Ayam – Kouroum,�Ne’aimeh�QassemBeirut Ounsa ‘Achiqatiha,�Elie�Joseph�MaaloufAl Mar’a Insan Min Al Daraja Al Thaniya,�Hanan�Saleh�Wida’an Qalbi,�Elham�HassanBayna Zamanain,�Nizar�SirtawiQafass Al Assafir,�Hal�Al�QahtaniSadat Al Istifham,�Ali�SourourKhatiyati,�Juliette�AntoniosAl Fajer Mir’ati,�Bint�Al�ArzQamar Ayloul,�Nabil�MouawadNabad Al Hayat, Albatoul�Al�Dabbagh.
POETRY READINGGuest�of�honor�Lebanese�Hoda�Mikati�was�accompanied�by�fellow�poets:�Nizar�Sirtawi�(Jordan)�Juliette�Antonios�(Lebanon)�Nabil�Mouawad�(Lebanon)�Ne’aimeh�Qassem�(UAE)�Assayel�Najar,�Albatoul Al�Dabbagh,Elham�Hassan�and�Zafer�Al�Hajari(Saudi�Arabia).
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BOOKS, LECTURES, FILMSLe totalitarisme européen dans lesmiroirs de la pensée contemporainearabe,�Hotel�Monroe,�October�6-8Five Decades of Painting andInnovation,�Samia�Halaby,�Ayyam�Gallery,�October�7My Father: Reflections,�Afaf�Zurayk,Maqam�Gallery,�October�22Religion: An Obstacle to Peace? lecture�by�Tariq�Ramadan,�part�of�PoliticallyIncorrect,�Music�Hall,�November 4Poesia en el Aula,�Almudena�Guzman�and�Paco�Novelty,�InstitutoCervantes,�November�11Préparatifs d'un voyage ou l'histoired'Ali Abed,�Hicham�Baroudy,�El�Bourj,December�7The Lebanon,�limited�edition�byphotographer�Max�Milligan,�RobertMouawad�private�museum,�December�8Barefoot in Baghdad,�Manal�Omar,Virgin�Megastore,�December�13Memorias de un Mexicano,documentary�by�Salvador�Toscano,Instituto�Cervantes,�December�15,�17Dessiner la / une histoire,�roundtable�with�Alfonso�Zapico�and�MazenKerbaj,�moderated�by�MichèleStandjovski,�Alba,�December�16.
OTHER ACTIVITIES OUTDOOR EVENTSLebanon H.O.G Tour 2010 by�Nescafé,�October�1-3Clic Clac les Z’Amoureux clown�show,�Zico�House,�October�2St�Jude�fundraising�dinner,�Beirut�Souks,�October�9Hot�air�balloons�launched�France�24’s�Arabicchannel,�Martyrs’�Square,�October�18Fanfara�Bersaglieri�saluted�Garibaldi�Brigadedeparture�from�Lebanon,�Nejmeh�Square,November�7Kalam An Nass,�LBC�live�broadcast�from�Ajami�Square,�December�13.
SOUK EL TAYEBSouk�el�Tayeb�farmers’�market�moved�for�thewinter�seaon�to�the�site�of�the�planned�BeirutSouks�department�store.
FLÂNERIE À BEYROUTHSolidere�general�manager�Mounir�Douaidypresented�a�walk�through�Beirut�city�center�toNotre-Dame�de�Jamhour�Sports,�Cultural�andSocial�Club,�October�27.
1918
BEIRUT MARATHONRun for a Tobacco-Free Lebanon was�the�theme�of�BLOM�Beirut�Marathon�2010,�8th�edition.�In�addition�to�the�10�km�and�42.195 km�tracks,�thisyear�saw�the�introduction�of�a�relay�race�and�aRun�with�Mom�1 km�race.�Participants�ended�theirrun�at�the�Marathon�Village�on�the�WaterfrontDistrict,�November�7.
INDEPENDENCE DAYThe�official�parade�took�place�on�Shafik�El�Wazzanstreet,�November�22.
BIEL FAIRSMade in America,�October�7-10Dream 2010,�development�and�real�estate�annualmeeting,�October�20-23In Shape,�health�beauty�and�fitness�relatedproducts,�November�18-21Afkart,�December�14-20.
OfficialsKirkuk Provincial Council chairmanRizgar Ali Hamajan with councilmembers (Iraq); Canadian ambassadorHilary Child-Adams; National PlanningCommission minister ShamsuddeenUsman (Nigeria) with Laurent Aoun;Prince Jean d’Orléans Duc de Vendômeand his wife with Rosy Boulos andNada Salamé; Bulgarian Chamber ofCommerce and Industry member ofthe board Alexander Kashukeev and a delegation with Bulgarian Embassyfirst secretary Raycho Zhelyazkov.
Business & DelegationsUK Trade & Investment chiefexecutive Sir Andrew Cahn andassistant Duncan Archibald withBritish Embassy deputy head ofmission Piers Cazalet and senior trade and investment officer YasmineEl-Hajj; Ward Williams Associatesdirectors Martin T. Robertson andGraham Davies; Artfilms executiveproducer Derek Guthrie; Arupassociate director James Thonger;
Investors Habib Abou Habib (UK),Michel Mouawad and Gilbert Khoury; Jones Lang LaSalle MENA strategicconsulting director Laura McLauchlanand manager Mehdi Benzakour;Shuaa Capital chief communicationsofficer Oliver Schutzmann (UAE);SODIC executive project director IhabKhalil (Egypt); Caravel ManagementLLC senior portfolio manager KatianaGuzman MacNabb and senior analystJamieson M. Odell; StandardVisionLLC president David Agnew (US);Pernod Ricard Europe CEO LaurentLacassagne (France); Colorificio MPgeneral director Fabrizio Moretti andsales manager Roberto Berti; GruppoP&G managing director Eros Corolli;VetroVentilato representativeMassimo Sensini; Interiorscommercial director MatteoSimoncelli (Italy); BaumschlagerEberle Lochau managing partnerWillem Bruijn (Austria) with ASAMmanaging director Ayman Sanyoura;Carnegie fund manager CarlCederström (Sweden); Shell Asset
Management Company strategy andequities directors Ben Paarmann and Maria Coello de Llobet (TheNetherlands) with Credit Suisse SaudiArabia vice president Fouad Dajani;Ritz Carlton board members JeanGrosfort and Max Cergneux, RitzCarlton Aruba owners Romeo andMiguel Mouawad and head ofevaluation department Walter Stipa;Ecofys principal project managerAstrid Muller, project directorAndreas Hermeling and deputyproject director Riad Bhar (Germany);Colliers International senior managerArshad Malik and six colleagues(Saudi Arabia).
Professionals & AcademicsArchitect Peter Marino; internationalphotographers Robert Polidori (US)and Klavdij Sluban (France); a groupof French, Kuwaiti and Lebanesearchitects; Felix & Merlin Architectsdirector Tarek Merlin; Zaha HadidArchitects Hussam Chakouf (UK),with Platinum Tower managing
director Mouhamad Rabah; ÉcolePolytechnique Fédérale de Zurichprofessor Josep Lluis Mateo with
architecture students; WorldEconomic Forum communitymanager Matthew A. Miller(Switzerland); internationallandscape architects; studentsfrom Kunst Akademie, Düsseldorf(Germany); American architectswith Majid Al Futtaim Grouprepresentative; professor Salah Sadekwith engineering students fromthe American University of Beirut;students from Ecole des Soeurs desSaints Coeurs; Pierre Eric de Troyat.
MediaCondé Nast Publications director of restaurants Stuart Nielsen (HongKong); Valeurs Actuelles journalistMatthieu Trémauville and projectcoordinator Sandra Hamour (France);The National columnist Frank Kane(UAE); journalist and author MarkFrary (UK); journalist Ludger Kersting;radio journalist Julia Tieke (Germany).
VISITORS
Copyright © SolidereThe Lebanese Company for the Development andReconstruction of Beirut Central District s.a.l.PO Box Beirut
LebanonTel Fax [email protected]
Sir Andrew Cahn, Messrs. Mouawadand Khoury, Prince Jean d’Orléans, withgeneral manager Mounir Douaidy.Ambassador Child-Adams with AR Solh.Nigerian delegation with N Rached.
Photos Mosbah AssiFares JammalMazen JannounDavid Xavier