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- Tenants will benefit from a 12-months grace period
Beirut, Lebanon - The UAE businessman Khalaf Ahmad Al Habtoor, Founding Chairman of Al Habtoor Group (AHG), announced the reopening of the retail space at AHG touristic complex in Sin El Fil, Beirut, which includes Hilton Beirut Habtoor Grand Hotel and Hilton Beirut Metropolitan Palace.
Al Habtoor said: "We have a great love for Lebanon, and I am totally confident that better days are ahead. I said earlier that Al Habtoor Group was looking for a Lebanese competent party to reopen the mall, in order to create more job opportunities for Lebanese youth and ensure a suitable source of income for hundreds of Lebanese households."
He added: "Today I announce that we have taken serious steps to reopen the mall under a new name, the Sooq Avenue. To this end, we have signed a contract with a new company that employs an elite group of educated and patriotic Lebanese youth, and whose vision is in line with AHG aspirations. The first goal is to create job opportunities and contribute to the economic recovery, which comes first before seeking financial profit. The launching of the new space will take place within a period of one year."
As a good gesture to support tenants and shop owners, and "given that the current economic situation might discourage tenants and shop owners from opening new branches in Lebanon, we decided to give a 12-months grace period to tenants to alleviate the burdens of the current crisis," said Al Habtoor.
Earlier this year, Al Habtoor tweeted: "We are reopening the Hilton Beirut Metropolitan Palace in Lebanon, to support the Lebanese economy, create job opportunities for the Lebanese youth and advance growth in the country."
Al Habtoor concluded: "I call upon businessmen in Lebanon and abroad to join this initiative and contribute to the recovery of the Lebanese economy."
For more information, visit the new mall website: https://www.thesooqavenue.com
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About Al Habtoor Group:
Al Habtoor Group LLC, headquartered in the United Arab Emirates (UAE), is one of the region’s largest and most respected conglomerates. Founded in 1970 by Khalaf Ahmad Al Habtoor, the Group operates in the UAE and international markets, proudly raising the Emirati flag in cities around the world, including London, Vienna, Budapest, Beirut and Springfield, Illinois. The Group employs thousands of experienced and highly qualified professionals. The name Al Habtoor Group became synonymous with dynamic growth, spurred by an unwavering commitment to excellence with a diverse portfolio of successful businesses operating in key sectors of the economy (hospitality, automotive, real estate, education, insurance and publishing). www.habtoor.com
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