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FINANCIAL NEWS
Abu Dhabi’s Al Maabar takes on USD200m construction project in Libya
21 Apr 2013
(MENAFN) Al Maabar Managing Director, Yousuf Al Nowais announced that a green light has been given to get started with Al Waha project in Tripoli, reported Gulf News.
The Abu Dhabi-based developer has made a 50-50 joint venture agreement with Libyan Investment and Development Company to start the USD200 million project.
Al Waha will occupy 40,000 square meters of land, which include many facilities such as a 20 floor hotel, 196 living spaces, commercial offices and many recreation activities and services covering a total area of 145,000 square meters.
Many experts expect Libya to experience a massive growth in foreign investments due to post-war reconstruction.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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