Damac signs $67m contract for its tower in Beirut

Damac has recently moved  its projects to the Lebanese market. The Middle East’s largest private luxury developer, DAMAC Properties has announced it has awarded the main construction contract for its ‘DAMAC Tower’ in Beirut, Lebanon.


The $67 million contract has been assigned to MAN Enterprise for the construction of the first Versace-branded residential tower in the region.


The award of the main contract follows the completion of the enabling works by ZETAS Apex Foundation Technologies. MAN Enterprise is an international leader in the construction industry, with forty years experience in the MENA region and the Levant.


MAN Enterprise is also the main contractor of Sama Beirut tower in Beirut.


With forty percent of the tower already sold, the 28-storey residential tower is scheduled to be completed in 2013.



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.


  • 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.




  1. Moody’s Investors Service indicated that the high level of Central Bank reserves is...
  2. In 2010, the country’s Gross Domestic Product (GDP) grew by 8 percent. The economic forecast...
  3. The General Labor Confederation (GLC) warned that the increase of the value added tax (VAT) rate...
  4. Finally, the electricity bill law is approved by the Lebanese parliament. A draft law allocates $1....
  5. Will the government raise the minimum wage?A scenario, some experts expect will result in layoffs...

Member login

Request new password