Archive | Construction & Engineering

Qatari Investments in Libya accounting for around USD 10 billion

Before the collapse of the Libyan regime led by Gaddafi, several Libyan-Qatari agreements were concluded covering common investments that exceed USD 10 billion. After the National Transitional Council (NTC) took power in Libya, the Qatari Government started to observe cautiously, like all the other countries that supported the NTC, the size of its projects and […]

Railway Still Seeking Middle East Projects

Russian Railways is seeking to enter into new projects in the Middle East, despite the losses it has faced in restive Libya, Vladimir Yakunin, chief executive of the state-run monopoly, said Saturday. “We are seeking the possibility to penetrate into the international market of infrastructure construction. … Our first attempt in Libya seemed to be not very exciting … but we continue this policy,” he said. Yakunin, […]

Libya’s oil could be a curse or a blessing

The biggest challenge facing Libya’s transitional government may also be its greatest blessing: what to do with all the oil. Libya is awash in black gold.  With about 46 billion barrels of proven oil reserves — and much of the country still unexplored — Libya ranks as the world’s 18th largest oil producer, and the […]

S. Korea to send more water engineers to Libya this month

A second batch of South Korean water engineers will leave for Libya later this month to help the war-torn nation restore its water supply services, a Seoul official said Friday. Water is still in short supply and security conditions in Libya have not fully stabilized although the country’s nine-month civil war ended last month with […]