No Result
View All Result
Wednesday, January 7, 2026
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

Breakthrough housing deal agreed by Government and Chinese company

byMichel Cousins
December 28, 2013
Reading Time: 2 mins read
A A
Breakthrough housing deal agreed by Government and Chinese company

Libya and China sign the agreement today

By Ayman Amzein.

Zhang Zuohe,  of general manager of CSCEC (left) and Mahmoud Bashir Ajaj, head of the project implementation unit sign the agreement today

Benghazi, 12 May 2013:

The Ministry of Housing and the Beijing-based China State Construction Engineering Corporation (CSCEC) signed an agreement . . .[restrict]in Benghazi today to resume work on 20,000 housing units in the city. The buildings are in the Gwarsha and Khadra districts.

Work stopped at the beginning of the revolution but since then efforts by both sides to get it restarted have been stymied by arguments over compensation and increased costs in the intervening period.

“We have reached agreement with the Chinese company to reactivate the project,” said the Housing and Utilities Minister, Ali Sharif. “We need to complete this project to resolve the desperate housing crisis,” he stated. The company, he said, had agreed to deliver the first 1,500 units as soon as possible.

RELATED POSTS

Aldabaiba defends subsidies, grants, overspending, over-employment – will support housing but not corruption

PM Aldabaiba follows up on his 150,000 unit housing initiative

He called the deal a “second profitable chance” for CSCEC.

As to the matter of compensation, he indicated that this has been done by giving the company an additional contract. “We have reached an agreement by which the same Chinese company that started the project would be allowed to carry out the infrastructure for the project, provided that such an agreement helps accelerate implementation of the project.”

The agreement came after a series of multi-party negotiations between Benghazi Local Council, the Chinese company and the Ministry of Housing and Utilities in order to find a formula to to resolve the obstacle of compensation being asked by CSCEC and  ensure its return to work.

The meeting was attended by the Deputy Prime Minister, Awad Barassi, Housing Minister Ali Sharif, the Leader of Benghazi Local Council, Mahmoud Abu Raziza, and his deputy, Ahmed Buzribe, as well as CSCEC General Manager Zhang Zuohe and Chinese Ambassador to Libya, Wang Wangsheng.

Also there were the Chairman of the council’s Housing and Utilities Committee, Mustafa Sheikhi, Planning Committee Chairman Awad Subaihi, the housing units’ project manager, Rafi Sharif Qitrani, and the head of its implementation unit, Mahmoud Bashir Ajaj.

The deal, in which the thorny issue of compensation is addressed by granting additional contracts, is seen as opening the door to completing numerous other housing and infrastructure projects with Chinese and foreign companies. [/restrict]

Tags: ChinafeaturedhousingLibya

Related Posts

GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Business

With Ramadan starting in late February, the Tripoli government launches price-control campaign on essential commodities

January 7, 2026
REAoL makes 500 MW Ghadames solar project site inspection
Business

Renewable Energy Authority of Libya discusses cooperation in clean energy sector with Chinese Chargé d’affaires

January 5, 2026
NOC announces force majeure at Zawia port
Business

NOC reduces gas flaring by more than 100 million cubic feet per day through five strategic projects

January 5, 2026
71 commercial vessels were received by the Julyana Free Zone Port in August
Business

Julyana Free Zone Grain Silos project launched with participation of French, Belgian and Turkish companies – providing a strategic grain reserve for food security

January 3, 2026
CBL receives results from meetings with international banks
Business

CBL holds meeting with new FX Bureaux to organise their imminent operation – confirmed actual activation and testing of their systems would begin this month

January 3, 2026
NOC announces force majeure at Zawia port
Business

National Oil Corporation concludes 2025 General Assemblies in Sabha with package of recommendations‎

January 2, 2026
Next Post

Zeidan praises Qatar

Malta Enterprise leads 13 companies at Libya Build 2013

Malta Enterprise leads 13 companies at Libya Build 2013

libyaherald-Ads

Top Stories

  • 71 commercial vessels were received by the Julyana Free Zone Port in August

    Julyana Free Zone Grain Silos project launched with participation of French, Belgian and Turkish companies – providing a strategic grain reserve for food security

    0 shares
    Share 0 Tweet 0
  • Tripoli Libyan government discusses strategic FDI projects with Gulf and US companies

    0 shares
    Share 0 Tweet 0
  • Renewable Energy Authority of Libya discusses cooperation in clean energy sector with Chinese Chargé d’affaires

    0 shares
    Share 0 Tweet 0
  • Libya’s total public debt valued at LD 270 billion, LIA’s assets valued at US$ 72.83 billion: Audit Bureau’s 2024 Annual Report

    0 shares
    Share 0 Tweet 0
  • NOC reduces gas flaring by more than 100 million cubic feet per day through five strategic projects

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

Libyan Air Ambulance starts its helicopter service

With Ramadan starting in late February, the Tripoli government launches price-control campaign on essential commodities

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.