Archive | Construction & Engineering

Libya Explores Fund to Channel Investment Tied to Security Deals

Libya is considering the creation of funds to manage investment in infrastructure pledged by defense and security companies to win government contracts, according to consultancy Blenheim Capital Services Ltd. Blenheim has held initial talks with Libya’s interim National Transitional Council with a view to being taken on as an adviser to help set up the […]

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Solar and Wind Energy Projects Planned in Libya

A German led initiative envisioned building EUR 400 billion vast networks of solar and winding farms across North Africa and the Middle East to provide 15% of Europe’s electricity supply by 2050. Against this backdrop, Morocco has been chosen as the first location for the project. The Desertec Industrial Initiative, a coalition of companies including E.ON, […]

Uncertain Libyan prospects

Some Egyptian contracting companies perceive the current Libyan market as the lifeline that will save them from the deep economic recession. The January revolution and associated instabilities caused by a security breakdown and labour protests have taken their toll on many activities, which in turn slowed economic growth rates down. However, Egyptian companies are not […]

Libya rush should start urgently, minister says

Turkish construction companies should rush back to Libya, their one-time top market, as the government is ready to support them, according to Economy Minister Zafer Çağlayan. “Our businessmen demand a special customs permit to take their machinery and equipment to Libya,” the minister said during a press meeting yesterday in Tripoli with his Libyan counterpart. […]

West sees business opportunities in Libya

The guns in Libya have barely quieted, and NATO’s military assistance to the rebellion that toppled Moammar Gadhafi will not end officially until Monday. But a new invasion force is already plotting its own landing on the shores of Tripoli. Western security, construction and infrastructure companies that see profit-making opportunities receding in Iraq and Afghanistan […]

AMEC talks to Libya on oil, reconstruction

 British engineering firm AMEC is ready to move workers back into Libya as its new rulers attempt to restore oil production and rebuild the conflict-torn country’s infrastructure, AMEC’s chief executive said. Foreign firms evacuated expatriate employees from the north African country as it descended into civil war in late February. The end of fighting last […]

Libya Pays Daewoo $204M to Build Hospital

South Korea’s Daewoo Engineering & Construction Co Ltd has received a $204 million order to build a general hospital in Libya as it is beefing up operations in the North African market. The nine-storey hospital under the Swani Hospital Project will be located in Tripoli with 200 beds and additional facilities, and it will be […]