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Bahaa HaririLebanese entrepreneur
Country:
 Lebanon |
Content:
- Biography of Bahaa Hariri
- Education and Career
- Leaving Saudi Oger
- The Al-Abdali Project
- Entrepreneurship in Lebanon
- New Housing Project in Saudi Arabia
Biography of Bahaa Hariri
Bahaa Hariri is a Lebanese entrepreneur, billionaire, and the son of former Lebanese Prime Minister Rafik Hariri. He is also the brother of another former Lebanese Prime Minister, Saad Hariri. As of 2011, Hariri's wealth was estimated at $2.5 billion, ranking him 459th on the list of the world's richest people.
Education and Career
Bahaa Hariri received his education at Boston University, where he earned his bachelor's degree in 1990. Shortly after graduating, he arrived in Saudi Arabia and joined the family construction company, Saudi Oger, Ltd. However, in 2008, Hariri decided to separate himself from the family business and now leads his own enterprise, specializing in real estate operations and investments.
Leaving Saudi Oger
Hariri's departure from Saudi Oger, known for its construction and telecommunications projects, was seen by many as a risky move. Nevertheless, he became the first member of his family to leave the company. Currently, Hariri's new company, Horizon Group, operates in Saudi Arabia, Lebanon, and Jordan.
The Al-Abdali Project
One of Horizon Group's notable projects is the Al-Abdali Project in Amman, Jordan. This ambitious development, valued at over $3 billion, covers an area of approximately 1.8 million square meters and includes residential and commercial zones. Hariri sees the Jordanian market as promising and plans to continue his entrepreneurial activities there.
Entrepreneurship in Lebanon
In Lebanon, Hariri is involved in the construction of residential high-rises, shopping centers, and hotels. Like in Jordan, his ventures in Lebanon have been successful.
New Housing Project in Saudi Arabia
Currently, Hariri is in negotiations with an investment group in Saudi Arabia, with plans to undertake a new housing project in the city of Tabuk. The project aims to accommodate approximately 700,000 residents from various countries and has an estimated cost of $300 billion.
In summary, Bahaa Hariri is a prominent Lebanese entrepreneur who has established his own successful enterprise after leaving his family's construction company. He is actively involved in real estate operations and investments in Saudi Arabia, Lebanon, and Jordan, undertaking ambitious projects such as the Al-Abdali Project in Amman. With his wealth and business acumen, Hariri continues to make significant contributions to the development and growth of the region.
