Real Estate & Construction

13-02-2011
Around 70% of the units in Tripoli’s Palm City Residences have been leased to some 600 people, according to a press release by its developer, Mediterranean Investments Holding (MIH).
30-01-2011
A representative of Al Maabar, an Abu Dhabi-based real estate developer, said construction on its Al Waha project in Tripoli would begin in the first quarter of 2011. 
30-01-2011
Mohamed Haweij, Secretary of the GPC of Industry, Economy and Trade, has announced the establishment of a new housing investment and development fund with a capital of LD29bn ($23.2bn), according to Oea Libya.
09-01-2011
The Savings and Real Estate Investment Bank financed a total of LD4.4m ($3.5m) in housing in the Al Quarshaa area of Benghazi, Al Fajar Al Jadeed reported. The loans were granted to 89 families.
19-12-2010
The Libyan government has agreed to fund 78% of the investment required for a housing project to be located in Al Fatih city, outside of Cairo, Reuters reported.
19-12-2010
Concrete works for the Housing and Infrastructure Board’s (HIB) 5,000 housing units in the Al Khadra area of Benghazi have been finished, making the project 40% complete, Al Shams reported.
21-11-2010
Maltese real estate investment firm International Hotel Investments (IHI) has taken a 25% stake in Tripoli’s Medina Tower Joint Stock Company.
14-11-2010
The Al Libya Al Qataria company says it has started work on its LD250m ($200m) Waterfront development in the Janzour district of Tripoli.
12-08-2010
Abu Dhabi property developer Al Maabar has shortlisted five companies to build the first phase of a $750m mixed-use development in Tripoli, according to The National, an Abu Dhabi-based newspaper.
12-08-2010
The government will build a further 12,000 housing units for the city of Benghazi, bringing the total number of units under construction to 42,000, according to the Quryna newspaper.
05-08-2010
The developer of the Gaddafi Tower, the Al Watissimo Charity Foundation, has entered into a memorandum of understanding with the Malaysian construction firm, NSCB Engineering Sdn Bhd.
10-01-2010
Construction will begin in January 2010 on a new $5bn economic zone designed as a based for energy companies.