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By Hadi Fornaji.
Tripoli, 11 September:
A half billion Libyan . . .[restrict]Dinar contract has been signed to enable work to begin on a 40-storey, luxury Tripoli seafront building.
The €320-million contract was signed at the Corinthia Hotel, Tripoli, by the managing director of the Medina Tower Joint Stock Project, Reuben Xuereb, and the project’s technical director, Bashir El-Saleh.
The Maltese-Libyan joint venture company appointed UK-based architects Sidell Gibson to design the building, which will comprise 180,000 square metres of floorspace on 40 floors.
The Turkish construction conglomerate Koray has been awarded the contract for the sub and superstructure works on Medina Tower, which will be an iconic mixed-use building in the heart of what is developing into Tripoli’s commercial centre.
Once completed, Medina Tower will offer 336 luxury apartments for sale and 26,000 metres of office space for rent. There will be a further 22,000 square metres for conference facilities, restaurants and shops, as well as a spa and extensive leisure facilities. There will also be four levels of underground parking, which will provide space for around 850 vehicles.
The combination of retail, commercial and residential units in one property is thought to be the first of its kind in Libya. Alfred Pisani, Chairman of the Corinthia Group, described Medina Tower as a “landmark development in the heart of Tripoli”. [/restrict]
