A LD 1.5-billion contract has been signed to begin on a 40-storey, luxury Tripoli seafront building.
The contract was signed at the Corinthia Hotel, Tripoli, by the managing director of the Medina Tower Joint Stock Project, Reuben Xuereb, and the project’s technical director, Bashir El-Saleh.
UK-based architects Sidell Gibson are designing the building, which will comprise 180,000 square metres of floorspace on 40 floors.
Koray, a Turkish construction conglomerate, has been awarded the contract for the sub and superstructure works on Medina Tower. The Tower will offer 336 luxury apartments for sale and 26,000 metres of office space for rent. There will be a further 22,000 square metres for conference facilities, restaurants and shops, in addition to a spa and leisure facilities. There will also be underground parking, providing space for 850 vehicles.
The combination of retail, commercial and residential units in one property is thought to be the first of its kind in Libya.
(Source: Libya Herald)