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$45M Staybridge Suites Hotel To Open its Door Soon

The Staybridge Suites Hotel, located in Ras Beirut, is currently in its final stage.

The Investment Development Authority of Lebanon (IDAL) offered an incentive package deal  to the $45 million touristic project, which is expected to create 170 job opportunities.

 

Under this contract, the project will benefit, from the exemptions of full taxes on income and the distribution of dividends for 10 years, as well as reduced building permit fees and work permit fees by half, for residence of foreign workers.

 

Executed by The Horizon Management firm, the touristic project  is expected to open its door by end of 2012.

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Beirut

Migration to cities is increasing so much that, by 2050, the UN predicts that approximately two thirds of the world’s population will be living in cities.

ECO INITIATIVES

  • A fundraising event, entitled Think Green, will be held by Zero Waste ACT for all its business members on September, 10,2013, at WHITE, Dora.
  • The Green Mind Association invited all Green Mind Award Participants, finalists, runner ups and winners to the GREEN MIND DAY on  Jan-16-2013 in Beirut, to create a platform where interested Venture Capital and Potential Investors met with participants.
  • A green initiative launched by Ashrafieh 2020 project aims to transform Ashrafieh into a tranquil and unpolluted area.Green spaces allow residents to walk and ride bicycles.

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