Pending government approval, Lebanon is to become the site of the world's largest tree-shaped man-made island development.
Fast facts:
Beirut-based developer Noor Investment Holding has presented a detailed explanation of the Cedar Island project to the Investment Development Authority of Lebanon (IDAL) and is waiting for approval.
The island is will be developed just off the coast of Lebanon in Damour, jutting out into the Mediterranean Sea.
Damour is a coastal town 18 kilometres from the Hariri International Airport, in the south of Beirut.
Google map: Proposed site for Lebanon's Cedar Island project
The island development has an estimated project value of $8.16bn.
It will be shaped like a cedar tree, the national emblem of Lebanon.
Cedar Island will cover an area of 7.5 square kilometres and be divided into eight distinctive zones: Zone A, B, C, D, E, F, G and H.
The project is expected to create 50,000 jobs.
After procuring the necessary permits, the early phases of the development will take some three to four years to complete.
Photo gallery - Cedar Island
You might also like...
PIF entity makes $1bn Lucid placement
29 March 2024
Petro Rabigh awards KBR maintenance contract
29 March 2024
Diriyah Company seeks firms for demolition package
29 March 2024
European finance in place for Tunisia Bizerte bridge
29 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.