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Home Libya

LIDCO discusses with Turkey mechanisms to reactivate stalled projects and new projects

bySami Zaptia
April 4, 2026
Reading Time: 5 mins read
A A
ESDF and subsidiary LIDCO hold meeting with KPMG to follow up on financial evaluation within ESDF’s programme for subsidiary companies

The General Manager of the state Libyan Investment and Development Company (LIDCO), Tariq Al-Shaafi, received, last Wednesday (1 April), the Commercial Attaché of the Republic of Turkey, Saat Uzbek, in coordination with the Head of the Executive Team for the President’s Initiatives and Strategic Projects, Mustafa Al-Mana.

The reception was attended by LIDCO’s Director of the Company’s Financial Department, and Director of Construction and Implementation Department.

Within framework of Libyan Turkish government committee
This visit comes within the framework of the work of the Libyan Turkish Committee formed between the Tripoli government and the Turkish Government.

Discussing all projects involving Turkish companies
The meeting discussed the situation of Turkish joint ventures with LIDCO, the projects that have been stalled or are currently being implemented and overcoming all the difficulties and obstacles they face.

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Suggested mechanisms for reactivating projects, return of Turkish companies
The General Manager of LIDCO, accompanied by the managers, provided a full explanation of the size of the projects and contracts concluded with Turkish companies, and put forward suggestions on the mechanisms for reactivating these projects and the return of the companies to activate their projects.

Establishing new partnerships for several new projects
In addition, establishing new partnerships with other companies through several projects that will be launched by LIDCO in the near future, were also discussed.

The Turkish Commercial Attaché, LIDCO reported, expressed his admiration for the solutions and mechanisms proposed by the company, and his readiness to support them with the executive authorities and agencies in the Libyan state.

.

LIDCO continues construction on 8,500 car multistorey carpark as part of Tripoli Gate 1 Project


Implementation plan of several suspended Tripoli multi-storey car park projects reviewed, actual work to start in January


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LIDCO / development projects

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PM Aldabaiba announces ‘‘Reviving Life’’ development programme for Q4 2021 | (libyaherald.com)

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HIB prepares report on 17,000 housing units for PPP investment | (libyaherald.com)

See: Breakthrough housing deal agreed by Government and Chinese company | (libyaherald.com)

‘‘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.’’

Chinese business looks to return to Benghazi | (libyaherald.com)

Massive LD 50-billion development of Tobruk unveiled; railway to Sudan to be built | (libyaherald.com)

Breakthrough housing deal agreed by Government and Chinese company | (libyaherald.com)

Tadawul Real Estate Fund signs agreement with the state Inma Real Estate Fund | (libyaherald.com)

Several solutions discussed to activate Libya’s real estate sector at final day of Tunis conference | (libyaherald.com)

The Second Libyan Real Estate Development Forum – 5 to 6 February in Tunis | (libyaherald.com)

LD 250 m private sector real estate investment fund launched | (libyaherald.com)

Benghazi investment and reconstruction conference calls for less state dependency | (libyaherald.com)

Payment, rather than security is seen as barrier to return of foreign companies to Libya | (libyaherald.com)

Continuing his flurry of reactionary decrees: Serraj creates new Ministry of Housing and Reconstruction | (libyaherald.com)

Libya to activate stalled housing projects through local companies | (libyaherald.com)

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Tripoli Chamber of Commerce to hold seminar with Embassy of China on 12 April on strengthening bilateral trade

National Housing and Real Estate Development Programme opens registration for construction companies to implement new and stalled projects

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