By Hadi Fornaji
Tripoli, 29 August:
Arab Contractors, one of Egypt’s largest corporations, has put in tenders for projects in Libya valued at . . .[restrict]around $1 billion. The projects include engineering, maintenance, sewerage treatment works and construction in the tourism sector.
“Libya affords wide investment opportunities in contracting, construction and hotels and to participate in a number of projects related to the reconstruction of Libya,” Effat Abdullah, deputy chairman of Arab Contractors has told the Zawya news agency.
State-owned Arab Contractors have two major schemes currently underway in Libya. The Papyrus Project is to see the construction of service stations and hotels along the Libya-Egypt international highway, while there is also to be the development of complex at the sulphur baths at Tagora.
Arab Contractors have recently opened a new office in Tripoli. This should assist in the timely completion of projects which were started under the old regime as well as being a base from which to tender for new ventures. [/restrict]