The Turkish Ministry of Trade announced on Sunday that the value of projects implemented by the Turkish contracting sector in Libya reached approximately $30.8 billion.
According to Turkish government media, Libya ranked fourth in the contracting sector, followed by Saudi Arabia with a value of $27.8 billion, then Algeria with around $21 billion, followed by Qatar with approximately $20.2 billion.
The ministry clarified that the value of projects executed by the contracting sector abroad reached about $507.2 billion during the period from 1972 until last March.
Earlier this month, the Libyan Government of National Unity announced the signing of a memorandum of understanding (MoU) with a Turkish company, Terminal Yapi” and the British group “IRG International” to finance the new Tripoli airport project.
During the signing ceremony, the Head of the Airports Authority, Mohammed Beytelmal indicated that the agreement aims to determine the technical and financial foundations that will be agreed upon between the parties to move forward with the signing of a final contract that will include financing infrastructure projects.
He added that this will also include rehabilitating the airport and operating it in a way that ensures the development and improvement of the services as per the standards and requirements stipulated by the International Civil Aviation Organization.
The MoU meticulously outlines the project’s technical and financial roadmap, encompassing infrastructure development, airport rehabilitation, and operational management aimed at elevating the airport’s service standards to meet international benchmarks set by the International Civil Aviation Organization.
He added that the two companies submitted a proposal to the Ministry of Transportation to form a coalition between them to finance the new Tripoli Airport project, based on their extensive experience in the field of investment in airports.
The Authority head also said that the signing of this MoU is an important step towards strengthening international cooperation, attracting foreign investments, the return of international airlines to resume their flights to and from Libya, and achieving sustainable development in the aviation sector in the country.
