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 Green Mountain Project

Location: 2,000sq miles (5,000sq km) of Mediterranean region between Benghazi and Tobruk

Developer: Green Mountain Conservation and Development Authority

Scope : A multibillion-pound project to turn 180 miles (290km) of pristine coast into an eco-friendly magnet for high-end tourists. The master plan for the Green Mountain project, covering 2,000sq miles (5,000sq km) of Mediterranean region between Benghazi and Tobruk, has been sketched by the British firm of Lord Foster of Thames Bank. The pilot projects turn out to be three luxury hotels; The Cyrene Grand Hotel, close to the ruined city, will be built on the footprint of an existing hotel built by the occupying Italians during the 1930s (and later bombed by the British). The other two are spa and holiday resorts in the hills.

Ref. Times Online, Guardian)

Corinthia involvement in Residential complex in Tripoli, Independent-21.Mar.07

EUR 55 million Project Finance Facility for the Palm City Residence in Libya, AmeInfo-21.Mar.07

 Phase 1 of the Zowara – Abou Kemash Area including Farwa Island

Location: Zowara-Abu Kamash and Farwa Island

Investors: EMAAR Properties JV Company

Scope : Residential, commercial, industrial, educational, healthcare, leisure and entertainment components that are planned to attract foreign investment and generate employment opportunities for Libyans.

(Ref. EMAAR, Albawaba)

 Tourism Resort on Farwa Island

Location: Libyan island of Farwa

Investors: A partnership between al-Niqat al Khamis municipality, Farwa for Tourism, and the Italian Gruppo Norman.

Value: €300 million

Scope : The resort will include six big hotels, two 5 star hotels and four 4 star ones, in addition to an oasis of 70 tents equipped with the most modern services on the form of suits, besides floating tents, 18 hole golf course, two Yacht platforms for 150 boats, and other services. The project will be implemented on an area of 471 hectares.The development is not actually on an island: it is on a spit jutting out into the Mediterranean. Six man-made islands - each with four villas - will be built in the protected waters between this and the mainland. The luxury villas will have access to hotel and sporting facilities, have 200 sq metres of floor space and are expected to cost £250,000.

(Ref. LJBC, Guardian)

 Sea Towers

Location: Tripoli’s eastern coast line of 7 hectares on the shore,

Scope: Three towers. The first tower, of 40 floors, is a five star hotel of more than 400 rooms. The second tower, of 25 floors, is a residential one of about 100 flats, while the third one, is an administrative compound of 18 floors. The project also includes a conference hall, a medical and sports centers, parks, 7 restaurants, multi levels car park, stadiums, and a harbour.

(Ref.LJBC)

 Teleel Resort

Location: Near the Ancient city of Sabratha , 60KM west of Tripoli

Investor: Libyan Financial Investment Company

Value: 200 Million LD

Scope: The project will be built on an area totaling 82.0 hectares. The Teleel Resort would comprise a hotel with 80 luxurious suits, 1,600 rooms and several meeting, conference halls and restaurants. The resort will also include villas, sport halls, tens courts, cafes and restraints and snack cafes a pool for marine exercises, children's club and a golf course and sport for boats.

(Ref. Libyan Investment, JANA)

 Andalus Tourist Center  

Location: Hay-al Andalus area in Tripoli

Investors: The project is a joint investment between Great Jamahiriya Economic and Social Development Fund and the Swiss PERCO Holding Company

Value: 200 Million Euros

Scope: The project would be built on 4 hectares, and comprise a five star tourist hotel with 600 rooms in addition to various hotel flats. The project will also include a multi purpose services centers, with office rooms, a trade center and meeting, social events halls, and a theater, in addition to physical fitness halls, Sea water treatment, a car park, green landscape, and Seaport (Marina) with a capacity of 250 yachts.

(Ref. Libyan Investment, Tripoli Post)

 Tatweer Libya

Location:The project is located on the Eastern Valley that borders the Libyan Capital, Tripoli,

Investors: Tatweer Libya is a strategic partnership between Tameer's International arm and the Libyan Fund for International and Social Development

Value: $20 Billion

Scope: The project will be implemented on an area that exceeds 40 square kilometers, and is distinguished by its beach which is recognized as one of most beautiful beaches on the coast of the Mediterranean. The project is city sized and includes residential and commercial towers, business centers, and tourism facilities that comprise of various services such as schools, universities, hospitals, gardens, playgrounds, in addition to entertainment centers, clubs, gyms, amongst other amenities. These facilities will be used when the residential base is completed and is expected to house a population that exceeds half a million people.

(Ref. Tameer, Libyan Investment)

 Other Investments

The Tourist Compound executed by the National Investment Company on an area of (101) hectares at a total cost of  400 Million LD.

Palm-Trees Tourist City project consisting of 350 housing units and a Four-Star Tourist Hotel accommodating around 200 beds.

Ouya Resort project executed by a Libyan Contracting Company and consisting of 240 first class villas accommodating 1,700 beds.

(Ref. JanaNews)

The venture formed by Coral and Tripoli-based Winzrik Tourism and Investment Group hopes to manage several government-owned hotels now being offered to private operators as well as open new properties in tourist areas. Winzrik plans to invest $25 million in a four-star hotel and another $50 million in a seaside tourist village outside Tripoli.

(Ref. Gulf News)

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