The Director-General of the Libyan Reconstruction and Development Fund, Belgassim Haftar, has signed a technical agreement with the Korean engineering and construction company, DAEWOO E&C.
The agreement includes various fields and programs of the Fund for Development and Reconstruction in Libya, outlining their scheduled implementation.
In a statement, the Fund stated that this agreement is in line with the comprehensive national strategy of the Libya Reconstruction and Development Fund, which aims to expand reconstruction projects across all cities and regions of the country.
Both parties explored mechanisms for strengthening cooperation in infrastructure implementation, including water and sanitation networks, as well as construction, housing projects, roads, bridges, and public facilities.
DAEWOO E&C provided detailed explanations of their proposed infrastructure development and projects in the targeted cities, as per the management of the Fund.
Following the signing ceremony, the two parties visited ongoing sites and projects in Benghazi to familiarize themselves with the general work procedures, according to a statement by the Fund for Development and Reconstruction.
Earlier, Belgassim had signed a contract with a prominent Turkish company specializing in general contracting, equipment, and infrastructure.
The Fund stated that the contract aims to address the issue of sewage treatment plants and clean Lake 23rd July in Benghazi.
The project’s objective is to ensure that the city’s beaches are free from pollutants.
Libya has been marked by political instability and violent conflict since the fall of Colonel Muammar Gaddafi’s regime in 2011. In the aftermath of the Arab Spring, Libya fell into a prolonged civil war, resulting in divided authorities, economic collapse, and a humanitarian crisis.
