Foreign Investment in Libya reached 220 projects 156 achieved approval.
14-12-2008
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In the efforts of GPC to provide facilities to state the
projects especially the industrial ones as response to the
recommendations of the national conference around foreign
investment, GPC issued decision No.146/2006 for establishing the
general Board of Industrial Areas which will supervise the
establishment of Industrial Areas, developing, operating and
administrating them to simplify the establishment of local and
foreign investments projects in the future. If look at the
distinguished position of Libya, its stable political regime,
its unified and safe society which opened the way to foreign
investment in the big sectors of investment in Oil Refineries ,
Petrochemical Industries, projects of electricity production,
communications, infrastructure projects, real estate investment
and tourist projects. |
HYDRA LIBYA PROPERTIES.
01-12-2008
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Hydra had announced the start of building a huge
tower in Tripoli; this was announced during
Skyline Libya 2008 exhibition. The tower height
will be 42 floors, as it will include Hotel with
in height of 15 floors, where as the left floors
will be for offices, trading companies, etc... |
Libya, UAE sign $500 Million deal.
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Libya and the United Arab Emirates have signed an agreement for a $500 million joint venture for development projects in the African country, WAM news agency reported Sunday. The agreement was signed here Saturday between the Libyan Social and Economic Development Fund (SEDF) and the Abu Dhabi-based Al Mibar International for Investments.
The joint venture with an initial capital of $500 million, to be shared equally by the two sides, will focus on developing various projects covering real estate and tourism in Libya. |
The General Manager of Bank savings and the Real Estate Investment...
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The General Manager of Bank savings and the Real Estate Investment (Dr. Tarek Al Buraiki), has signed a number of contracts for the implementation of 2350 housing units in Zawya City. |
The Secretary of the Management Committee of Roads and Bridges…
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The Secretary of the Management Committee of Roads and Bridges (Mr. Mohammed Skah), has signed contracts for implementing a number of projects in Zawya City specifically for roads of 79 kilometers. There was an announcement of a tender for the implementation of 130 km of agricultural roads and different internal roads within Zawya city. |
Secretary of the Committee of the General Authority of Marine announced…
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Secretary
of the Committee of the General Authority of Marine
announced the
completion of contract procedures to implement the
project for Port and
Anchorage in Zawya City, with the company’s director of (G-O-B)
Cypriot. This project will take24 months to be implemented and includes the
followings:
1- 1,000 meters in length Sidewalks
2- 310 meters in length Sea walls
3- 200 fishing marines units
4- 15 bulldozer
This project aims to provide job opportunities and a
production of five thousand tons of fish annually. |
The secretary of Management Committee of Development and Management
positions signed contracts for implementing 10 thousand housing units in
Zawya City.
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The
secretary of Management Committee of Development and
Management
positions signed contracts for implementing 10 thousand
housing units in Zawya
city. These contracts integrated facilities and installations
in accordance with the
best standard specifications, which took into consideration
the nature and
characteristics of the Jamahiriya local environment. Korean
company (Shin Han)
has signed a contract to implement 5000 housing units south Zawya
City and
announced to implement contracts for the University of Zawya City
providing
components of colleges and halls and student housing and functional, and
all
educational facilities. |
Contracts were signed for the implementation of integrated projects
and...
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Contracts
were signed for the implementation of integrated
projects and housing
facilities and overseeing the implementation of these
projects in Libyan cities.
The number of contracts signed were (77) contracts at a total
cost of (3) billion,
(442) million and (272) thousand dinars.
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Signing of cooperation agreement between Libya 's stock exchange
market
and London stock exchange market.
16-10-2007
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A cooperation signing of cooperation agreement between Libya 's stock exchange market and London stock exchange market was signed in London . The agreement stipulates training the officials of Libya's stock exchange market in Libya and London in order to be qualified to manage the market and check its basis, system and development from time to time and to participate in the seminars and conferences organized by London stock exchange market. |
Libya to Sell Stake in Al-Wahda Bank.
17-10-2007
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As part of its plans to expand the private sector's role in Libya 's economy, Libya 's Central Bank said it is offering for sale a stake in the country's fifth-largest state-owned bank, the Al Wahda Bank, and set October 31 as a closing date for would-be bidders to send their interest offers.
The Bank picked Rothschild & Cie as its adviser on the sale of a minority share of the bank as a first step, before expanding it to 51 percent share later on.
"The Central Bank offers 19 percent of the 73 percent stake the (state) Social Development Fund owns in Wahda bank for sale to a strategic investor," it added.
The Central Bank said that, "The strategic investor would be granted the right to increase its stake to 51 in the mid term.
" In July the Libyan government selected BNP Paribas as strategic partner for Sahara Bank in the first partial privatisation deal for the country, the central bank has said, adding that BNP Paribas had offered 145 million euros for a 19 percent stake, valuing the bank at 3.6 times its current book value.
BNP will get management control and has the right to increase its stake to 51 percent in three to five years.
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