The Egyptian Union of Construction and Building Contractors has announced its commitment to resolving outstanding financial claims for Egyptian construction companies working on past projects in Libya.
The union urged all construction companies with outstanding financial claims in Libya to promptly provide detailed statements of these funds.
The statement noted that this initiative is aligned with efforts to enhance economic cooperation with Libya, and to remove obstacles hindering bilateral development.
The union emphasised its dedication to the successful collection of these outstanding amounts, highlighting the increasing magnitude of debts owed by Libyan counterparts. This endeavor aligns with the collaborative spirit between the two nations and aims to foster economic growth, the statement said.
The Egyptian Union of Construction and Building Contractors underscored the importance of swift cooperation from construction companies in disclosing the extent of their financial liabilities to facilitate the debt recovery process. This call follows a communication from the Ministry of Housing to the Egyptian Union of Construction and Building Contractors, urging active participation in this joint effort.
Earlier this month, the Deputy Head of Al-Bayda Municipal Council, eastern Libya, Mabrouk Mazq, hosted a delegation from Egypt’s Wadi EL Nile Developments Company. The meeting aimed at kickstarting the reconstruction efforts in Al-Bayda Municipality.
Discussions centered on several upcoming projects, including tackling traffic congestion by building bridges, opening new pathways, and establishing health and administrative facilities.
Additionally, plans for new residential projects meeting required specifications were on the agenda.
The meeting was attended by Council’s Project Management Director, Majdi Al-Sukkari, Office Manager, Mohamed Bourweig, and Media and Social Advisor, Shaban Bourja.
The Wadi EL Nile Developments Company, known for its projects in Benghazi, has previously constructed three bridges, developed sewage networks, and created green spaces and parks. The company boasts a portfolio of successful projects in various countries.
In September, the Prime Minister of the Libyan Parliament-designated government, Osama Hammad, discussed the reconstruction of Derna, during a meeting with representatives of Egyptian engineering companies in Libya.
The meeting was attended by Hatem Al-Arabi, the Chairman of the Benghazi Reconstruction and Stability Committee.
According to a statement by the government, Hamad stressed the necessity of initiating the reconstruction in Derna and its suburbs, after the completion of search and rescue operations.