Real Estate Developer (RED), a newly established company owned by Andreas Iliovits, will gradually open Beirut Business Center, an entertainment complex in Saloumeh starting this month.
Iliovits, a Lebanese-Greek investor, has been active mainly in the construction material business in the UAE. He is the Chairman of Mosart Marble and Mosaic Company in Abu Dhabi. This is his first investment locally.
Iliovits said that investment in the project exceeds $50 million.
The tota...
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