No Result
View All Result
Thursday, June 5, 2025
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

China’s Dahua Technologies presents its security and control products to Airports Authority

Misrata Free Zone launches data hosting centre to provide quantum leap in investor services

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

LBC leading delegation to Miami for America’s Food and Beverage Show – 18 to 20 September
Business

LBC signs MoU with Industrial Zones Authority in Benghazi

June 5, 2025
Work on the five-star Al-Andalus Hotel continuing
Business

Work on the five-star Al-Andalus Hotel continuing

June 4, 2025
Aldabaiba stresses need to activate agricultural projects in cooperation with private sector
Business

Agriculture Ministry Undersecretary visits South Korea‎ – discusses establishing tractor factory

May 22, 2025
LAIP delegation visits Maputo, Mozambique to recover seized rice project
Business

Committee for Libya Africa Transit Corridors Project convened with Niger Chargé d’affaires – agree to develop MoU

May 22, 2025
Libya and Shell discuss several areas of cooperation
Business

Acting Minister of Oil and Gas meets Shell delegation to discuss future partnership opportunities

May 21, 2025
Tripoli airport closed on Friday for maintenance
Business

Tripoli International Airport to open to private flights and ambulance flights

May 21, 2025
Next Post

Zeidan praises Qatar

Malta Enterprise leads 13 companies at Libya Build 2013

Malta Enterprise leads 13 companies at Libya Build 2013

ADVERTISEMENT

Top Stories

  • Tripoli airport closed on Friday for maintenance

    Tripoli International Airport to open to private flights and ambulance flights

    0 shares
    Share 0 Tweet 0
  • Signboards for Benghazi’s new airport at Tika go up – UAE’s Global Builders/Terminals company to implement

    0 shares
    Share 0 Tweet 0
  • Tripoli based Libyan Prime Minister Aldabaiba launches Three-Track Political Initiative

    0 shares
    Share 0 Tweet 0
  • Aldabaiba hails recent security operations, vows to end militias – warns against illegal eastern parallel spending leading to inflation and LD devaluation

    0 shares
    Share 0 Tweet 0
  • Aldabaiba rejects continued spending by eastern Libya government outside the legal budget

    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

LBC signs MoU with Industrial Zones Authority in Benghazi

Work on the five-star Al-Andalus Hotel continuing

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.