Abu Dhabi Investment House (ADIH) has announced the launch of its third investment instrument since inception, a $160 million private placement, to fund the development of the first phase of Beirut Gate, an integrated sea-view project in the Beirut Central District, commonly known as Solidere.
Chief Executive Officer of ADIH, Rashad Janahi, said: “Lebanon’s real estate market is one of the leading destinations of foreign investments and our entry into this market is a significant step in our strategy of offering growth-oriented sophisticated investment opportunities to our clients with regional focus.”
