The Beirut Souks in the central business district, which has been built according to a careful master plan. Bryan Denton For The National
The Beirut Souks in the central business district, which has been built according to a careful master plan. Bryan Denton For The National
The Beirut Souks in the central business district, which has been built according to a careful master plan. Bryan Denton For The National
The Beirut Souks in the central business district, which has been built according to a careful master plan. Bryan Denton For The National

Rafik Hariri had faults, but look what he did for Lebanon


  • English
  • Arabic

Remember the moment in David Lean's Lawrence of Arabia when the Arab army reaches Damascus and ends up fighting over which tribe gets what utility? It showed us Arabs to be fractious, argumentative, unruly and uncivilised. Sadly, Lean was spot on. Some of us are all these and more, and if you want a modern equivalent, you need look no further than Lebanon, the nation that was born out of that Allied victory, and the country that would have us believe that its people are the most polished and sophisticated in the Middle East.

I asked a group of friends over dinner last week what would have happened to post-civil war Lebanon if the late former prime minister Rafik Hariri had not been born. It's a good question because I have yet to meet anyone, especially those whose default setting is to moan about Hariri's financial mismanagement, his bulldozer style or his overt Sunni politicking, who can deny that at least the man got things done.

Whether you love or loathe the result, at least Beirut has a central district that has been built according to a studied master plan to create a prosperous commercial and residential hub, one that befits a modern and forward-looking Arab capital. Hariri was the architect of that plan, and even his most ardent critics must surely concede that had he not been around, downtown Beirut would now look like Gaza on a bad day. Had those landlords who were lucky enough to figure out who owned what after 15 years of fighting been left to develop their own properties, we would have had an urban disaster.

Surely I am exaggerating. Well, in the 20 years since I returned to Lebanon, six months before Hariri rode into town, I haven't heard anyone say "we could have done it better this way". Yes, it cost a lot, but Hariri was banking on getting his money back when the Gulf came here on holiday.

The visitors did come, but we still are stuck with a debt of more than US$50 billion (Dh183.66bn). The Lebanese are still bickering over where the money went, but I'll wager that no one else could have done what Hariri did. And without his energy we'd be in a much worse position today.

To highlight my argument, one has only to look at the way in which our supposed "government of one colour" has been making a fool of itself over the latest attempt to fix Lebanon's 20-year electricity shortage. Today, the state can provide the country with only 50 to 70 per cent of the power it needs, depending on the time of year. The situation costs the government about $1bn each year and has suffocated foreign investment, hamstrung productivity and dented national morale.

The government has been further hindered by having to play catch-up to an unprecedented construction boom, increasing demand during the summer months and a grey market that has become so used to making up the government's shortfall that it has virtually become a legitimate sector in its own right.

"Wasteful" and "corrupt" is how one opposition MP described the government's latest, $26 million plan to lease two floating generators for at least two years while the state builds new power plants. Nazem Al Khoury, the environment minister and one of the cabinet picks of Michel Sleiman, the president, said the plan, which has been proposed by the Aounist energy minister Gebran Bassil, would have negative consequences for the environment, while the public works and transportation minister, Ghazi Aridi, has spoken of "ambiguous numbers in the cost and rental period" and called for new tenders.

The Aounists, unhappy with the criticism, do what they always do when their backs are against the wall, and are threatening to resign and bring down the government.

Plus ça change, as they say in Beirut.

Michael Karam is associate editor in chief of Executive, a regional business magazine in Lebanon

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Top 10 in the F1 drivers' standings

1. Sebastian Vettel, Ferrari 202 points

2. Lewis Hamilton, Mercedes-GP 188

3. Valtteri Bottas, Mercedes-GP 169

4. Daniel Ricciardo, Red Bull Racing 117

5. Kimi Raikkonen, Ferrari 116

6. Max Verstappen, Red Bull Racing 67

7. Sergio Perez, Force India 56

8. Esteban Ocon, Force India 45

9. Carlos Sainz Jr, Toro Rosso 35

10. Nico Hulkenberg, Renault 26

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EAlmouneer%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Dr%20Noha%20Khater%20and%20Rania%20Kadry%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EEgypt%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E120%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3EBootstrapped%2C%20with%20support%20from%20Insead%20and%20Egyptian%20government%2C%20seed%20round%20of%20%3Cbr%3E%243.6%20million%20led%20by%20Global%20Ventures%3Cbr%3E%3C%2Fp%3E%0A
The%20specs%3A%20Taycan%20Turbo%20GT
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3EDual%20synchronous%20electric%20motors%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E1%2C108hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E1%2C340Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20automatic%20(front%20axle)%3B%20two-speed%20transmission%20(rear%20axle)%0D%3Cbr%3E%3Cstrong%3ETouring%20range%3A%20%3C%2Fstrong%3E488-560km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh928%2C400%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EOrders%20open%3C%2Fp%3E%0A