The Burj Al Baher project, located on the coast in the Mitiga area of Tripoli, is to restart implementation soon.
The news came out of a meeting held Tuesday between Tripoli Prime Minister, Abdel Hamid Aldabaiba, and Mahmoud Ajaj, the new Chairman and CEO of the Libyan Local Investment & Development Fund (LLIDF) and former head of HIB.
The meeting discussed the LLIDF ‘s operations and its status, with the aim of strengthening its role in supporting the national economy.
Burj al Baher towers project (Photo: Sami Zaptia).
Ajaj, the report said, reviewed the LLIDF’s overall structure and the progress made in adopting its structural procedures. He also presented updates on the Abraj Al Baher project, noting that ‘‘the procedures for its completion have been referred to the Audit Bureau, paving the way for implementation’’.
The government statement on the project referred to the unfinished three towers, that dominate the skyline of the Mitiga area of Tripoli, as ‘‘Abraj Al Baher’’ (Sea Towers). But the project was formerly known as Burj Al Baher Tourism Investment JSC and implemented by Summa.
Al-Ghazala Hotel project (Photo: Sami Zaptia).
Intercontinental Al Ghazala hotel project
The meeting also addressed the implementation status of several projects, most notably the InterContinental Al Ghazala Hotel project and the procedures for the LLIDF’s acquisition of it in partnership with the owners.
The government reported that Aldabaiba stressed the importance of the LLIDF fulfilling its role in implementing investment projects and supporting development, emphasizing the need to accelerate the pace of work, enhance governance, and ensure adherence to transparency and technical and financial standards.
