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Libya and Korea discuss resuming stalled housing projects
via Libya Herald2 min read
Faisal bin Dardaf, Director of the National Housing and Real Estate Development Programme, met with the Korean Ambassador to discuss reactivating stalled housing projects. The meeting on Tuesday, April 21, focused on ensuring the completion of these projects according to approved plans. Both sides emphasized supporting government efforts to address the housing crisis by constructing 150,000 housing units and strengthening technical cooperation to guarantee quality implementation and overcome obstacles. The National Housing and Real Estate Development Programme is opening registration for construction companies to implement new and stalled projects. Libya needs over one million housing units in the next 10 years, estimated to cost over 200 billion dinars. Prime Minister Aldabaiba has been following up on his 150,000-unit housing initiative. The Real Estate Savings and Investment Bank has launched a "Savings for Housing" Islamic Sharia savings account, and the Libya Industry Union supports the Central Bank of Libya's initiative to complete stalled housing projects using cheaper, locally manufactured raw materials. The Tripoli-based Libyan government plans to complete 150,000 housing units by 2030.
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The Libya-France Finance Forum, co-located with Euro Place Meetings, is scheduled for June 8 in Paris. This event aims to support the growing economic and financial projects between Libya and France. The forum will offer participants a platform to understand the Libyan banking and financial sector, identify business and collaboration opportunities, and engage with key institutional and financial stakeholders, particularly from the Libyan banking sector. The presence of the Governor of the Central Bank of Libya is expected to enhance discussions and provide insights into Libya's financial landscape and potential collaborations with French entities. The forum is designed to foster sustainable economic and financial partnerships between the two countries.
The Libyan Industry Union LIU has launched the "Made in Libya" electronic platform, an initiative approved by the Minister of Economy and Trade. This national digital platform, owned by the LIU and supervised by the Ministry of Economy and Trade, is intended to support the digital transformation of the industrial sector and elevate national products. The LIU views this launch as a new phase managed by national expertise, aiming to connect factories, companies, and markets within a modern digital system. This initiative is part of the LIU's efforts to promote "Made in Libya" as a symbol of quality, production, and development. The LIU encourages factory owners, production companies, and agents across the country to register and join the platform to contribute to this transformation for the national economy and Libyan industry.
The United Nations Support Mission in Libya UNSMIL addressed recent demonstrations in front of its and UNHCR's headquarters, emphasizing the right of Libyans to accurate information and peaceful expression. UNSMIL expressed concern over the spread of disinformation, misinformation, and hate speech regarding the UN's work in Libya, which has led to increased tensions and incitement against UN staff. The UN reiterated that none of its agencies, including UNHCR, are implementing programs to resettle migrants in Libya, stating all contrary allegations are unfounded. UNHCR, in cooperation with Libyan authorities and the international community, is working to find solutions outside Libya for individuals fleeing conflict, including evacuation to third countries and voluntary return. UNSMIL condemned incitement to violence or threats against UN personnel, as well as acts of sabotage or attacks on its staff, headquarters, and property, calling on all parties to respect the inviolability of UN facilities. The mission also acknowledged the efforts of authorities in Tripoli to maintain public order and ensure the safety of demonstrators, UN personnel, and facilities.