Libya Business News

The Korean government presented tools, equipment and vehicles to the Libyan Ministry of Martyrs and Missing Persons Affairs in an effort to aid in the search and identification of missing persons, which are a result of the country’s revolutionary conflict. The project was proposed by the Libyan government in 2011, and a memorandum of understanding [...]

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Libya Herald reports that Deputy Prime Minister Awad Barasi has laid the cornerstone of a new passenger terminal at Benghazi airport. The project, along with a similar terminal at Misrata, has a combined estimated cost of LD 60 million ($48 million). Korea’s Nemo Partners stepped in to carry out the work after a pre-revolution project [...]

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The foreign minister of South Korea, Kim Sung-hwan, met his Libyan counterpart, Ashour Bin Khayal, in Seoul on Tuesday to discuss enhancing bilateral relations, as Seoul seeks to increase its post-war reconstruction role in the North African country, according to a report from Yonhap News Agency. The ministers discussed Korea’s efforts to support Libya’s reconstruction, [...]

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STX Group, Korea’s shipping and shipbuilding conglomerate, is seeking to win Libya’s huge energy infrastructure projects, which company officials said could be worth up to $10 billion. STX Group officials said STX Heavy Industries signed a memorandum of understanding on building energy, steel desalination and other facilities in Libya’s northern region of Tobruk early last [...]

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Shinhan Engineering and Construction, a leading Korean builder, is financially backing a team of Korean doctors and other medical staff engaged in volunteer work in Libya, which is struggling to recover from a ravaging civil war. Shinhan’s team of medical workers arrived in the country on Feb. 19 and has begun examining and treating local [...]

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Libya’s Al Zawiyah National Hospital and the Korea Shinhan Engineering and Construction Company have signed an agreement aimed at providing Libyan patients with the volunteering medical treatment services of Korean doctors at Al Zawiyah National Hospital. Shinhan Company, which will be executing a 5,000 housing units project with HIB in Tripoli, along with a similar [...]

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Eight Korean engineers arrived in Tripoli on Wednesday, to help Libya to recover the water supply after the facilities and equipment were damaged and looted during the eight-month long of the conflict that ousted former leader Muammar Al Qathafi from power. The Korean experts been sent to Libya on the request of former interim prime [...]

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