Former Lebanese prime minister Saad al-Hariri has sold his share in the Saraya al-Aqaba project comprising luxury homes, a five-star hotel, shopping malls, etc. on the Red Sea to an Emarati investor for $250 million.

[Editor's comment: Saad al-Hariri and his sister, the children of Rafiq al-Hariri, another former prime minister who was assassinated by operatives of Hizbullah, are considered to be part of one of the wealthiest families in the Middle East. They own, among others, the most exquisite areas in the center of Beirut, the Lebanese capital]

Source: menafn.com, October 27, 2011