Tripoli’s new plot of gold

by Robert Biddle March 7, 2013

written by Robert Biddle March 7, 2013

Outside of Lebanon’s second largest city lie the foundations for what soon could be Tripoli’s newest suburb and a new way for banks to cash in on development opportunities. Zeitoun 1589 is a project owned by a company of the same name and currently managed by BlomInvest Bank, a unit of regional financial player, Blom Group. Located just south of Tripoli’s Abou Samra and north of the village of Rass Maska, the land under the ownership of Zeitoun 1589 has been re-allotted into just more than 163,000 square meters (sqm) and divided into 85 plots, ranging from 1,500 sqm up to 3,300 sqm. Lara Kanj, head of BlomInvest’s real estate unit, said that in 2010, Omar Ouayda, the previous owner, approached the bank about purchasing the land from him, which Kanj said BlomInvest saw as a good opportunity for their investors. “We got the land at a very good price,

Robert Biddle

Robert was the Managing Editor of Executive magazine Supervised and oversaw the publication process for a business magazine, from generating the table of contents to the final stages of proofing. In charge of hiring writers, copy editors and sub editors as well as editorial interns, and collaborating with freelancers. Edited all articles, both print and online, for content, style, mechanics and layout.

Tripoli’s new plot of gold

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