Weekly, September 19,
Who is Who in Business
Fred Lafi H. Farha is President of
Cencor international S.A. He is 53 years of age and he was born
in Lebanon. He then emigrated to Canada where he studied Economics
and Law at Ottawa University on an extension basis. Then he entered
the development area and took special courses in finance and engineering.
Before starting seriously in business, he worked in mining operations
in the far North of Canada in an isolated area. Then he worked in
the insurance field as a broker.
Cencor International, is a major developing company operating under
Law 89. Farha tries to get involved in Greek projects but until
recently he has not had any success.
He is married and has six children, and he still has family in
Lebanon. He speaks fluent Arabic, English and French. His office
in Greece is only a liaison office. His main work is in Saudi Arabia.
When we asked him how he foresaw the future of the development
business in Greece he said: "There is a tremendous opportunity
to develop Greece into a major touristic country to attract quality
rather than quan-tity tourists. Greece as a tourist heaven can offer
more than just sunshine and beaches. A lot of Canadians and Americans
share a Greek heritage and hope to visit Greece for various reasons.
The Greek language has also contributed extensively to the English
Then we asked him how he foresees the future ot his company as
we are approaching the crucial date of 1992 and he said "Cencor
itself will not participate in the development field in Greece being
a Law 89 company. Fundmore Corporation Canada is our development
arm and is trying to get involved in developing worldwide retirement
homes in Greece. This is the most important and viable part in the
tourist sector. There is an opportunity for people to come from
abroad and buy a chalet in Greece for their retirement.
From a financial point of view this is a very important develop-ment.
We, as a company, are interested in a time share system.
It is when you buy for 15 days each year the right to use a certain
cottage for all your life. There is an element of timing, which
is very crucial for this project. You require a great deal of funds
to finance these activities "
From Our Archives:
The CITIZEN Ottawa,
Friday, March 5,1976
The GAZETTE Montreal,
Mon., Mar. 8.1976
Daily Commercial News,
and Construction Record Thursday, March 11,1976