Solidere International is a city maker, place maker, and developer focused on creating urban destinations and mixed-use real estate developments primarily in the Middle East and also in emerging markets internationally. Solidere International Limited was incorporated in and under the law of Dubai International Financial Centre (DIFC) as a company limited by shares, registered under number 0412 dated June 7, 2007, after it raised US$ 700 million of equity through a private placement. The Company’s object is to identify, promote, purchase, master plan, invest in, develop, market, manage, as well as to provide consulting services with respect to, land development and real estate projects. Solidere International is actively involved in projects in Ajman, United Arab Emirates; Riyadh and Jeddah, Kingdom of Saudi Arabia; and Hazmieh, Lebanon; and is prospecting new opportunities in promising markets.
MISSION AND VISION
Solidere International is committed to identifying opportunities that offer potential for value generation and to developing the finest real estate products while maintaining the highest standards of service at all times.
Our vision is to be positioned as a world-class, global real estate developer by creating a “Solidere quality and lifestyle” standard.
As a city maker and developer, Solidere International is focused on delivering inspiring places and real estate products that respond to their context, culture, and climate and on improving people’s quality of life by developing places and spaces that last forever, Places for Life.
PHILOSOPHY
Solidere International’s business philosophy is based on the simple fact that “quality is timeless.” With this value proposition in mind, the Company relentlessly aspires and commits to offering the best quality in all its undertakings to the benefit of its shareholders.
The Company aims to be recognized for the vision, quality, design, construction, and value creation behind every project it develops, service it offers, property it manages, and investment it undertakes. Its development philosophy is consistently applied and recognizable in all its projects. It is also the backbone that informs Solidere International’s thought and decision-making process, a process which the Company embraced from Solidere, in light of the success, experience, and strong brand recognition achieved in Beirut since 1994. It is a philosophy anchored in an unwavering dedication to quality and a persistent focus on detail while taking into consideration all the contextual elements influencing a project and aiming at achieving the right returns for the investors and building long-term brand value.
STRATEGY
Solidere International invests in properties either directly or through affiliates, subsidiaries, or special-purpose vehicles. Subsidiaries are encouraged to work with local partners who have substantial development expertise and experience in their local markets. Solidere International acts as a master developer and/or as a real estate or land developer, depending on the market it is active in, and in line with its development and investment objectives.
In all cases, the Company retains management control over all of its projects and conducts initial business and master planning internally. It only delegates the execution of a project, under its direct supervision and management control, to a subsidiary or partner company in order to protect its brand values. This ensures that the execution complies with its vision and the standards of quality associated with the Solidere brand position.