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Egyptian & Turkish Companies to Undertake Development Projects in Libya

March 22, 2024
Egyptian & Turkish Companies to Undertake Development Projects in Libya
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A consortium of Egyptian and Turkish companies is poised to initiate development projects aimed at the rejuvenation of Sirte, a coastal city in Libya. These projects are under the oversight of Libya’s National Development Agency, affiliated with the General Command, with goals to enhance Sirte’s infrastructural and economic landscape on both a national and regional scale.

The engagement was formalized after a comprehensive survey of Sirte by the companies involved, which concentrated on crucial redevelopment areas such as infrastructure and port facilities improvement. According to the National Development Agency, this visit signifies a strong commitment to advancing Sirte’s urban and economic revitalization.

During an assessment tour, Mahmoud Al-Farjani, the Executive Director of the National Development Agency, and representatives from the Egyptian consortium explored strategic locations including the commercial port and future bridge sites. This marks the beginning of pivotal projects aimed at reinvigorating Sirte’s economic vitality.

In parallel, a Turkish delegation focused on detailed planning for a university complex and a hotel near Sirte’s port, showcasing a comprehensive vision for the city’s advancement that encompasses educational and tourism development.

The redevelopment efforts in Sirte are part of a broader strategy to foster stability and rejuvenation in post-conflict Libya. The participation of Egyptian and Turkish firms underscores international support for Libya’s path to recovery and development. This collaborative endeavor represents a forward step in urban renewal and economic resurgence, offering hope for Sirte’s residents and contributing to national progress.

Tags: CompaniesEgyptlibyaTurkey
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