The Tripoli based Libyan government reported yesterday that the Director General of the National Housing and Real Estate Development Programme, Faisal bin Dardaf, held a meeting with the mayors of the municipalities of Surman, Sabratha, Zuwara, Al-Jadida, and Al-Manshiya.
The discussion focused on identifying housing needs and determining the allocation for each municipality as part of the Prime Minister’s initiative to complete the construction of 150,000 housing units.
Ongoing and stalled housing projects
The meeting addressed ongoing and stalled housing projects, previous contractual agreements, and mechanisms for implementation and financing—with the participation of commercial banks.
It also explored the possibility of offering instalment plans for the housing units, spanning 20 years or more, in accordance with established regulations.
The government further reported that participants discussed the development of integrated residential communities, the financing of infrastructure through the general state budget, and the execution of housing units through external funding.
They also reviewed the procedures for reservation, allocation, and sale via the "Sakan" (Housing) platform, as well as the role of the Central Bank of Libya in establishing the banking frameworks to support the initiative.