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| Punj Lloyd Group bags orders in Libya Sembawang Engineers and Constructors (Sembawang), one of the largest engineering and construction companies in Southeast Asia and a wholly owned subsidiary of Indian engineering and construction firm Punj Lloyd, announced its first three breakthrough projects in Libya totalling more than Rs 5,904 crore (US$ 1.2 billion) to build commercial and residential developments. The contracts were awarded to Sembawang's subsidiary in Tripoli, Libya – Sembawang Libya General Contracting and Investment Company – by the International Investment and Services Company (IISCO). IISCO is an arm of government-linked company, the Economic Social Development Fund of Libyan Great Jamahiriya which has been mandated to execute projects in the field of engineering and construction in the entire Libyan Great Jamahiriya. The biggest of the three contracts is the turnkey project to develop Al-Mea'tega Resort Village, a luxurious villa resort located on a 40-hectare site on the Mediterranean Coast adjacent to the domestic airport in Tripoli. The second project is the Al-Ghiran Village in Tripoli which will have a total built-up area of 110, 000 square metres. Located on a 13-hectare site, the mix-development comprises 17 four-storey high-end residential apartment blocks, common recreational facilities and sports hall, 66 luxury villas, a 120-room four star hotel and a 600-seater conference hall building. The third project is for the construction of the Al-Froseya Hotel, a five star 150-room hotel comprising solely of suites. The seven-storey hotel will have deluxe facilities including a swimming pool, spa, meeting rooms and a 700-seat conference hall. The total built-up area will be approximately 65,000 sq m. Al-Mea'tega Resort Village is targeted to complete in 2012, whilst Al-Ghiran Village and Al-Froseya Hotel are scheduled for completion in 2011. write your comments about the article :: © 2009 Construction News :: home page |