Home BusinessReal EstateRuins to spring riches

Ruins to spring riches

by Nada Nohra

  Nestled amid pine trees in the Naas area of Bikfaya in Mount Lebanon, sits an old abandoned factory in which Lebanon’s cleanest and healthiest mineral water used to be bottled. Today, all that is left is a small spring running straight from the mountain through three small taps. But this is soon to change. FFA Real Estate, the fully owned subsidiary of FFA Private Bank, has a four-year plan to turn the factory into a luxurious wellness resort, surrounded by signature villas, bungalows and a five-star hotel. The estimated development cost is $60 million, and construction is set to begin by the end of this year. A touch of history The water source was discovered in 1917 by the landowners, the Majdalani family. In 1933, the family was granted a license to build and operate a bottling plant, and opened their business shortly after. In 1939, the factory halted

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