Home Contact Advertise
Roza Cafe
Saturday, 19 April, 2014, 2:34 ( 0:34 GMT )
Press Releases
Book Reviews

About Us

Radio Zone
Place your advert on The Tripoli Post - A3 space
Libya to Spend LD52 Billion on Housing, Infrastructure Projects
13/12/2006 22:44:00
Foreign companies are very welcome to set up joint ventures with Libyan companies and have a stake in the coming constructing bonanza that has already begun to take place in Libya, said Abouzaid Dorda, Secretary of Housing Projects, Infrastructure and Public Utilities.

He said Libya now had enough money to spend on a huge plan and so many projects that would transform the whole country in terms of housing and infrastructure.

He confirmed that the huge plan will cost 52 billion dinars of which 16.8 billions will go to housing, 13.6 billion will go to infrastructure and 5 billions will go to developing local regions.

Dorda added that there was already a plan to construct 500,000 housing units and that a contract of 1.5 billion dinars was signed last week to construct houses.

All public utility infrastructures in all Libyan cities will be constructed and renewed, he said.

Speaking to representatives of more than 120 foreign companies who participated in the "Libya International Infrastructure and Construction Exhibit and Conference" last week in Tripoli, Dorda said there were various reasons that led to the total crumbling of the Libyan infrastructure including low oil prices and the sanctions imposed on Libya during the 1990s.

He said Libya is embarked on training Libyan manpower and preparing it fully to take part in the development scheme that is taking place in the country as well as the in the so many projects that are under way.

He also said that Libyan authorities are currently undertaking the reorganization and restructuring of public and private companies as to be capable to enter partnerships with foreign companies and carrying out the construction projects.

Equasitrian News
More Featured Articles
OMV Makes First Oil Discovery in Libya Since Uprising
OMV makes first oil discovery for over two years in Libya saying it and partners Repsol and Total will continue with further drilling in the country despite media reports on security problems.

Siemens Opens e-Business in Mideast to Meet Growing Demand for Industrial Technology
Siemens, the global powerhouse in electronics and electrical engineering operating in the energy, infrastructure, industry and healthcare sectors, has launched an e-business in the Middle East to provide electronic features and functions around automation and drive systems to regional customers, with an initial focus on the United Arab Emirates, Qatar, Oman and Bahrain.

Canon Middle East Signs Two New Partners in Libya
In a move that is intended to further reinforce the company’s ‘closer to customer’ strategy in the region and enhance its presence by having on ground support across markets, Canon Middle East, leader in imaging solutions, have just announced two new partnership agreements in Libya with Al-Mutawasat and Al-Watania Companies.

Place your advert here

© 2014 - The Tripoli Post