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Emaar's project of massive mixed-use development will be ''growth engines for the Libyan economy as a whole'' - 25 June 2007
25-06-2007 - LIBYA
Source :
Country from : Libya
Activity :
Other or not specified |
According to Business Intelligence Middle East:
Emaar has extended by another six months the memorandum of understanding (MoU) signed with the Zowara-Abou Kemash Development Zone to develop the project, which is the largest in Emaar's global mega-project portfolio.
The 380 million square metre (38,000 hectares) development, a joint venture by Emaar Properties and the Zowara-Abou Kemash Development Zone, encompasses residential, commercial, industrial, educational, healthcare, leisure and entertainment components that will attract foreign investment and generate employment opportunities for Libyans.
Mohamed Ali Alabbar, Chairman, Emaar Properties, said: "The Libyan government has announced several development initiatives that encourage foreign direct investment and provide a greater role for the private sector in fueling economic growth. The joint venture with Zowara-Abou Kemash Development Zone will be a landmark development for the country, as well as for Emaar."
For further information: Business Intelligence Middle East |
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