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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.
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