Dar Al-Handasah was commissioned by the Lebanese Council for Development and Reconstruction to prepare a master plan for the rebuilding of the dilapidated central district.
Henri Eddeh, a senior architect planner at Dar al-Handasah proposed a complete demolition of the historical city center which was to be replaced by modern buildings and infrastructure.
[4][7] The notion of bulldozing the entire cityscape stirred a heated polemic within the intellectual circles and widespread opposition to the master plan led to the adoption of an alternate strategy aiming at preserving and renovating what could be salvaged of Beirut's historic buildings.
[11] The souks was set to open in 2000 but inauguration was postponed due to licensing delays related to political issues; meanwhile the construction of the underground parking was underway.
In 2004 Solidere received the license and work on the souks began to be withheld in the aftermath of summer of 2006 war and the subsequent political instability.
[15] Solidere's plan preserved the heritage left by the different civilizations marking the Beirut Souks' historic location from the Phoenician era until the French mandate.
The archaeological findings recovered in the Souks, which have been restored, include the ancient Phoenician commercial quarter, the Medieval moat, the Mameluk Koranic madrassa of Ibn Iraq Al Dimashqi, and the Byzantine mosaics excavated on site.
[18] On 15 September 2020, a fire broke out in a Zaha Hadid building at Beirut Souks, close to the city's port, but was quickly extinguished.