The Minister of Communications will disclose the identity of the owners of the new Touch Building.



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Informed sources in the telecommunications sector have informed Al-Akhbar that Communications Minister Mohammed Shoucair should reveal the full identity of the owners of the building, which will be operated by Touch, which operates the "Mic 2" cellular network ", at a cost of $ 75 million. What became known as Solidere, which benefited from the transaction, are the true shareholders of the following three companies: City Development SAL, BS 1526 Bashura SAL, AC Reality Group Ltd. "These companies display their names in the statement Building real estate, as a city corporations a large bank of about 73 million, the guarantee of the property itself.

Other sources close to the "market" wondered how the head of economic institutions ("Shakir"), "without economic equations, was completely unaware of his theory that the purchase of the building had saved the state ". "If the interest rate is 10%, it will reach $ 41.6 million and if the interest is 12%, it will reach $ 38.2 million," she said. . Therefore, according to sources, "it can not be said that the state would pay $ 70 million of total rent over 10 years".

The second point which draws the attention of the sources is the interest of installments in three installments. "It is true that the price of the building, relative to the area where it is located, is relatively cheap, the price per meter was five thousand dollars, but the information is incomplete." In the doldrums of real estate, the Ministry of Communications will pay "part of the amount directly, the balance will be refunded". The sources added that the state would incur an additional $ 10 million, in return for the payment, "which means it will pay about $ 85 million for the building." If the $ 75 million invested by the bank, at the current interest rate of 12% and if the candidate was up, would have earned 90 years after 90 years, if we add the $ 75 million the result is $ 165 million.

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