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Libya's National Housing and Real Estate Development Programme opens registration for construction companies
via Libya Herald3 min read
The Tripoli-based Libyan government's National Housing and Real Estate Development Programme NHRDP has opened registration for specialized companies. This initiative is part of preparations to launch and implement new residential complex projects and complete existing ones. The registration targets real estate developers, investors, general contracting companies, real estate investment companies, and consulting firms specializing in management and supervision. Projects will be tendered through official bidding processes, requiring the submission of approved forms and documents. Registration files will be accepted at the NHRDP headquarters in Tripoli starting Sunday, April 5. This follows a Central Bank of Libya initiative where Governor Naji Issa stated last year that investing LD 3 to 5 billion annually in housing projects is feasible, especially given the positive societal impact. At a workshop, the government revealed plans to complete 150,000 housing units between 2025 and 2030. Libya reportedly needs over one million housing units in the next 10 years, costing over 200 billion dinars.
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This summary was AI-generated from a story originally published by Libya Herald.
The Committee for the Reconstruction of Benghazi Centre and al-Sabri RBCS, part of the Libya Development and Reconstruction Fund, held multiple meetings in July with international companies regarding the Benghazi redevelopment project. The RBCS met with Turkish company NKY to discuss progress and technical proposals for the Benghazi Waterfront Development Project, focusing on design updates and architectural solutions. Another Turkish company, IRIS, visited project sites to understand the area's character and assess existing buildings for restoration, including historic structures. RBCS Chairman Mohamed Al-Hassadi met with Filippo Colombo, Consul General of Italy in Benghazi, and representatives of Italian company FIMA to discuss the restoration of historic buildings with Italian architectural character, aiming to preserve their identity and rehabilitate them to international standards. The committee also met with British company P+P to discuss the area's master plan, investment opportunities, and potential development sites, focusing on creating an attractive investment environment. Additionally, the RBCS held meetings with Polish company APA and Turkish company On Tasarim to review progress, discuss design updates, and technical modifications for the Benghazi Waterfront Corniche Project, ensuring integrated design solutions and adherence to high technical standards.
The Libyan Business Council LBC will host a presentation on the Pure Core project, which aims to produce activated carbon locally from agricultural resources and waste. The LBC states this initiative aligns with its commitment to sustainable projects that offer positive environmental impact, economic diversification, and local resource utilization. The presentation, scheduled for Thursday, July 16, at the LBC's Tripoli headquarters, is open to members including business owners and companies in the date and palm sectors, various industries, health, water treatment, solar energy, and oil and gas. It will cover the project's concept, technologies, and investment opportunities. The Pure Core project was selected by the Hult Prize platform as one of 80 projects from approximately 18,000 global entrepreneurial submissions. Activated carbon has diverse industrial applications, including water treatment, juice production, and the manufacturing of filters and disinfection products, alongside other industrial, health, and environmental uses.
Khoms Port announced the successful unloading and installation of a new LIEBHERR-LHM550 vertical gantry crane. The 150-ton capacity crane arrived by ship and was met with an official reception. This development is seen as a significant step in the port's growth, enhancing its operational capabilities and representing an investment in its future. The Libyan Ports Company's commitment to modernizing infrastructure, improving handling efficiency, and expediting the movement of ships and goods is reflected in this acquisition. The port anticipates that the crane will contribute to a new era of achievements and strengthen its position as a key port in Libya.