Libya signed last week a contract with Italian consulting companies whereby they will undertake management, supervising and consulting services related to the construction of the new highway linking Libyan boarders from east to west.
The length of highway will be linking Ras Jdair crossing with Tunisia and Imsaad on the eastern border with Egypt is 1700 Kilometers.
The project which is financed by the Italian government as part of its compensation of the Libyan people for its colonialization of the country in the last centuries part of the Partnership, Friendship and Cooperation Agreement signed by Libya and Italy two years ago.
The signing ceremony was attended by senior Libyan and Italian officials as well as a number of experts from both parties.
Libya’s Secretary of Cooperation Affairs with the Libyan foreign affairs department Mohammed Siala said the signing of the contract represented consolidation of Libyan-Italian relations.
The secretary highway of high specifications and quality agreed upon with the costs of €125m (one hundred and twenty five million Euros).
Siala said “I would like to congratulate the Leader of the Revolution and the Prime Minister of Italy Silvio Berlusconi for their sharp vision and courageous decision to link the bonds of cooperation between the two peoples and turn the page the notorious past. We hope to be at the level of their aspirations for their sharp vision”.
The Italian Ambassador to Tripoli said this period is among the greatest historical eras witnessed by the Libyan-Italian cooperation. The new highway, the ambassador said, would be a major landmark of cooperation between the two countries and forget the painful past.
Libya will bankroll most of a 116 billion Egyptian pounds real estate project launched jointly with Egypt’s housing ministry to offer homes for millions of young Egyptians, according to media reports.
Libya would provide 78 percent of the capital for the 5,600 acre al-Fateh city on the outskirts of Cairo to be built over the next twenty years, while Egypt will pay the rest, said Abdel-Hamid Shaer, media advisor at the Egyptian Housing Ministry, as quoted by Reuters on Wednesday 15 Dec.
“Our Libyan brothers have proposed to build this project over six phases over the course of the next twenty years to house our young,”Shaer said. “The project will also help the new Urban Communities Authority (NUCA) in developing land”.
The Libyan Company for Investments showed NUCA a proposal for the city, which will include residential and commercial, unites as well as a planned tropical garden and theme park.
A 2004-2008 property boom that provided homes for the wealthy elite helped Egypt weather a global downturn, Reuters reported. Analysts say developers need to switch to middle class property to keep revenue flowing.
The government is under pressure to provide housing for young people in Egypt, where lacking a home is seen as a major obstacle to marriage.
A Turkish company will construct the biggest football stadium of North Africa in Tripoli. “Ronesans Holding” and its Austrian partner PORRAG will construct the stadium in Tripoli, the capital city of Libya.
The stadium will be ready for African Nations Cup in 2013. The 200 million euro project will have a capacity of 50 thousand seats and will be constructed in line with UEFA standards. The stadium will have a parking area for 10,000 vehicles. The roof of the stadium will be built on three steel arches rising 100 meters to symbolize the ancient cities of Oea, Leptis Magna and Sabratha.
Kamil Yanikomeroglu, Chairman of Ronesand Holding Real Estate Group, said the due date of the stadium was 2013, however noted that they promised that they would conclude the construction till December 12, 2012 the time when a friendly match will be played between Libya and Brazil.
Yanikomeroglu said the stadium would be the biggest and most modern stadium of North Africa. He side Ronesans Holding entered Libyan market 2.5 years ago, adding that, “Our business volume in Libya amounted to 2 billion USD. We are planning to double it in two years”. (World bulletin).
Libya signed a contract worth of $ 227million dollars in Rome for the establishment of the Aqeelah project area for the implementation of 1000 housing units with all facilities to service the desalination plant for water and construction of a seaport with the latest technologies.
The contract was signed in the presence of the General Secretary of People's committee Dr. Al-Baghdadi Al-Mahmoudi and the General Commissioner of the company Annie Skeroni Paulo and the Libyan Ambassador in Italy.
The General Secretary of the Privatization and Investment Board declared yesterday 6th Dec, 2010 in Tripoli, that the first phase of investment in Libya began in 2007 and ending in 2011, indicating that Libya spent on this stage about (125) billion dinars on infrastructure, both in the construction of housing, roads and airports and that the second phase of investment will begin in 2012 and for the next five years Libya will spend the same amount on the development of infrastructure.
The "Boo" Austrian group mentioned that they won the tender to build the stadium deal worth 200 million Euros.
The group explained that they will cooperate in building this project with a Turkish and a Libyan company.
As they confessed that the new stadium which will have a capacity of 50 thousand spectators will be the largest in Libya.
In addition, they also stated that the roof would be hung on three steel arches rise 100 meters to symbolize the old three Romanian cities in Libya, and Oya, Sabratha and Leptis Magna.
Libya plans to build another stadium in the city of Benghazi in order to host the finals.
Officials from Al-Libya Al-Qataria (ALAQ) during the break
ground of The Water Front a luxury residential and resort
development along Libya's Mediterranean coast.
The Waterfront to Include 5-Star Resort, Residences, Shops,
Tripoli- Work has begun on Wednesday at The Waterfront, a luxury
residential and resort development located near Tripoli along
Libya's Mediterranean coast, announced Al-Libya Al-Qataria (ALAQ),
a joint venture between Oyia (a wholly-owned subsidiary of
Libya's Economic and Social Development Fund) and Qatari Diar
Real Estate Investment Company (a wholly-owned subsidiary of the
Qatar Investment Authority).
The Waterfront will be a premium, gated, mixed-use community
located in Janzour, a western suburb of the Libyan capital.
Central to the project is a five-star resort hotel, the first in
Tripoli to offer a waterfront location along with first-class
amenities and unsurpassed service.
In addition to the five-star hotel, the 42-hectare development
includes serviced residential apartments, luxury villas, and an
upscale neighborhood retail village. Additional amenities
include beach access to the Mediterranean, extensive walking
trails, top-quality fitness and sports facilities, shops,
gourmet restaurants, and more.
With nearly 300 rooms and suites, The Waterfront's resort hotel
will be able to accommodate both business travelers and tourists
in an atmosphere of comfort and luxury.
Hotel amenities will include a full-service conference facility
and business center, a luxury day spa and fitness facility,
international-quality tennis courts, an outdoor pool complex, a
private beach club, and five world-class seaside restaurants.
Spacious, state-of-the-art guest rooms will feature high-tech
sound systems, flat-screen high-definition televisions, DVD
players, wireless high-speed internet, customized bedding and
linens, an ergonomically-designed work area, premium
four-fixture bathrooms, and local artwork.
The hotel has been designed so that each guest room offers a
sweeping view of the Mediterranean Sea.
Equally luxurious will be the serviced residences at The
Custom-designed homes combined with resort-style amenities offer
an international-standard lifestyle to community residents. A
mix of luxury villas, maisonettes, and apartments will ensure
that potential residents can easily find a home customized to
their needs. The Waterfront will offer residents the highest
level of security; amenities include numerous swimming pools and
seaside terraces, lush Mediterranean landscaping, walking
trails, an oceanfront beach club, and a state-of-the-art fitness
The Waterfront retail village will feature a wide array of shops
and facilities to meet the needs of daily life, including an
upscale neighborhood market, laundry and dry cleaning services,
banking facilities, and a number of cafes and restaurants.
Abdul Aziz Al Theyab, Chairman of ALAQ Board of Directors, said,
"Libya is one of the fastest-growing business and tourist
markets in the region, and international travelers are just
beginning to learn about its rich history and vibrant culture.
The Waterfront is a truly unique development in a remarkable
Mediterranean setting; we are honored to bring a new level of
world-class accommodation to Libya in partnership with Oyia and
"The Waterfront will offer an unprecedented level of service and
luxury in Libya," added Wesam Eledrisi, the Vice Chairman of
ALAQ's Board of Directors. "This vision is being achieved with
an emphasis on innovation, partnership, and raising the standard
of living in the Tripoli area, and the ongoing cooperation and
enormous support we've received from both the Libyan Jamahiriya
and the State of Qatar have been integral in our success.”
Eng. Mohammed bin Ali Al-Hedfa, Group CEO of Qatari Diar, added,
"We are delighted to be breaking ground on The Waterfront, and
we consider it an important symbol of the deep friendship
between Libya and the State of Qatar. Furthermore, we believe
that The Waterfront's world-class resort and residences have the
potential to herald a new era of luxury living for both Libyan
residents and the growing number of business and leisure
travelers who visit Tripoli."
Numerous international consultants are providing assistance to
the project. The initial phase of The Waterfront is scheduled to
be completed by the end of 2012.
Group of “Daniel” Chinese Companies working on the implementation of 2801 housing units in special areas in Libya, where they celebrate on laying the basis of its implementation at a total cost of one hundred fifty-nine million and five hundred ninety-five thousand Libyan Dinar. These vital projects will be carried out by the performance of housing projects and facilities.
Reports indicates that the number of housing units which will be implemented in Tripoli it’s totally 53530 unit, including 3103 units were completed their project implementation within 100 %, where as the rest projects referred to varying proportions and some of them reach to 80 %. In regards to facilities , reports indicated that the number of these projects was received from people’s with 117 project contract where it costs 514.239.756 Libyan Dinar , distributed as follows 23 project for water , 30 project for sanitation , 56 for roads, 8 projects for decoration and designs etc……