Home BusinessReal Estate‘I am tired of Solidere’s critics’

‘I am tired of Solidere’s critics’

by Thomas Schellen

The Beirut Central District is advancing but the company in charge of its development is suffering under the economy and under verbal abuse. Solidere’s general manager Mounir Douaidy talks about the state of affairs after the precipitous drop in sales and profits.    Solidere has been in a down cycle on land sales and in a three-year slide of its share price. When would you expect the next cycle of upward development to kick in? This is asking to look into a crystal ball. All I can say is that we will continue finishing the projects that we think we should finish. We have a mission, we have a mandate. We continue to do what we have to do and hope that external factors do not negatively impact all our effort.     The company’s performance numbers for 2012 are down 90 percent on net profit and the share price

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