Zawya reports that Cairo-based Arab Contractors Company has bid for projects in Libya valued at about USD 1 billion through its recently opened office in Tripoli.
Effat Abdullah, deputy chairman of the state-owned firm, told the news agency:
"Libya affords wide investment opportunities in contracting, construction and hotels and to participate in a number of projects related to the reconstruction of Libya."
In July the company opened an office in Tripoli to speed up the completion of projects acquired before the revolution, and to compete for new projects arising from the reconstruction boom.
Arab Contractors will bid for projects that include general contracting, infrastructure, bridges, pipe installation, maintenance, sewage and refining stations, ports, engineering, electricity, real estate and tourism sectors, Abdullah said.