An
interview with Ranhill president and Chief Executive Officer
Tan Sri Hamdan Mohamad Please give an update on your
contract to build apartments in Libya? It is a
housing project where we would build 40,000 units of
two-storey and four-storey apartments at three locations.
The project is valued at US$2.4bil, but the design has
somewhat changed as the client wanted an upgrade on the
quality, size of apartments and a basement car park.
We are finalising the revised pricing and will make the
necessary announcement soon.
The first phase involves a block of 10,000 units to be built
in the suburb of Tajura, which is 15km from Tripoli .It is a
new township and we have begun the earthworks. Is Ranhill
assured of the payment from the Libyan project?
Libya is a rich country and all the big boys of the energy
and construction sectors are operating there. Doing business
in Libya is good. For the job, we got a 13% advance payment
and the rest is via progress payments that are claimed
against an irrevocable revolving letter of credit. Just to
secure the job, we had to compete with Chinese and Turkish
contractors. It feels really good to have won the contract.
Libya plans to build a pilot city near the
mausoleum of the Libyan martyr, Omar Mokhtar, in
the north eastern town of Seloug, officials
said. Engineers in charge of implementing the
pilot city project, which will be built on an
area of 681 hectares, have indicated that it
will comprise 5,000 houses, including 3,928
villas and 34 four-storey buildings. The project
will also include public service buildings,
notably crèches, basic, secondary and vocational
schools, health assistance units, a hospital, a
university, a conference centre, a sporting
club, community halls, a post office, a market,
an administrative complex, a central library, a
popular security centre, a civil protection
station and a petrol station.
Streets, sanitation, communication, electric
power, water and gas facilities are also part of
the project. The building works entrusted to the
South Korean company "Hyundai" will start in
September 2007 and 2,000 houses will be
completed by the 40th anniversary of the 1st
September Revolution in 2009. Land clearing,
which concern also the promotion and improvement
of Omar Mokhtar's mausoleum, have already
started. The secretary of the Libyan People's
General Committee for Housing has, on that
occasion, indicated that the promotion works in
the area, where the mausoleum is located,
consist in the building of a museum on the
Libyan Jihad, especially that of the oldest
Martyr and epitomising sufferings endured by
Libyans in the concentration camps in the
Italian colonial rule.
He has also said that the pilot city's housing
project has been designed in accordance with the
specimen of the Libyan house, which matches the
country's culture and social life.
Saif Al-Islam
Gaddafi president of Al-Gaddafi development foundation revealed
that the plan for economic and social development will cost 82.8
billion dollars for development in Libya.
"Saif al-Islam
Opened yesterday Reservoir of Omar Mukhtar at
the green basic people's conference in Benghazi
. Omar Mukhtar reservoir is total capacity of
(24 million cubic meters) of water GMMRP which
is the second largest water reservoir in the
world and in Amid the celebrations of the Libyan
people the Great 38th anniversary of the Great
Revolution.
Plans to develop the trict
of Tripoli are progressing. A flagship luxury 400-room
hotel will dominate the 300,000-sq ft development,
called Burj al-Bahr, which will also incorporate
separate residential and commercial towers serviced by a
shopping arcade, a convention centre, a cinema and 11
restaurants. Construction is expected to take about two
years. Although large, the project will be dwarfed by
the New Tripoli development, run by Dubai Realty
International of the UAE. This project is a massive
residential, commercial and leisure development covering
2m sq metres in the north of the capital.
Libya will develop a $20 billion
project very soon .The project has been announced last year; all
necessary action has been taken and ready to start to make it the
largest Arab investment in North Africa.
The project is a fully contained city consisting of Residential,
Commercial and Business centres, housing for 500,000 people it
includes schools, universities, hospitals and entertainment centres.
Covering an area of 40 square kilometres, the city will be situated
in the eastern side of Tripoli.
The new project would serve all sectors and provide investment
opportunities for Libya in terms of property, construction and
infrastructure.The project will be developed by er Holding UAE,
Tatweer Property Co Libya and with support from the Libyan
government.
According to a press
release issue on Thursday, Hill International, the
worldwide construction consulting firm, said that Birdi
Tourism Investments Co. has selected Hill as program
manager for the Bardiyah Development, a
multi-billion-dollar waterfront development program
located east of Tobruk, Libya.
The initial 18-month contract for phase one of the
program has an estimated value to Hill of approximately
$6.0 million.
The first phase of the project
entails master planning and conceptual design. Birdi
plans to develop the shoreline from the city of Tobruk
up to the Libyan/Egyptian border, a distance of more
than 200 kilometers (124 miles). High-end resorts and
entertainment facilities are planned for the beachfront
which includes magnificent bays of the Mediterranean
Sea. During the first phase, Hill's services will
include program management, management and
administration of consultant contracts, prequalification
and evaluation of international planning firms, schedule
control, cost control, quality control and contract
administration. "Bardiyah will have a tremendously
positive impact on the Libyan economy, especially on
tourism," said Raouf S. Ghali, President of Hill's
Project Management Group (International). "We look
forward to participating in this program to make it a
success for our client and for the people of Libya,"
Ghali added.
Benghazi celebrated with laying
down the foundation stone to execute 31thousand housing units in
Gonfoda, Algwharesh, Alkhadrah and Gmens in this Shabia amidst
the grand popular celebrations marking the 38th anniversary of
Great Al-Fateh Revolution.
This project cost 4 billion Libyan Dinars. The coordinator of
the social people's leadership in Benghazi shabia, the secretary
of general people's committee, the secretary and members of the
execution of housing projects and facilities body moreover, the
secretaries of people's congress and planning council were
attended this laying down the foundation stone.
Benghazi celebrated with laying
down the foundation stone to execute 31thousand housing units in
Gonfoda, Algwharesh, Alkhadrah and Gmens in this Shabia amidst
the grand popular celebrations marking the 38th anniversary of
Great Al-Fateh Revolution.
This project cost 4 billion Libyan Dinars. The coordinator of
the social people's leadership in Benghazi shabia, the secretary
of general people's committee, the secretary and members of the
execution of housing projects and facilities body moreover, the
secretaries of people's congress and planning council were
attended this laying down the foundation stone.
SNC Lavalin Nexacor of Canada on Wednesday won a 400-million Euro
(541-million dollar) bid to build an airport in Libya 's Mediterranean
city of Benghazi , the official news agency JANA said. It should
take two years to build the airport that will be able to handle five
million passengers a year and 45 aircraft an hour, JANA said after Saif
Al-Islam, son of Libya’s leader Moamer Gaddafi, inaugurated the project
late Tuesday.
Benghazi is 1,000 kilometers (600 miles) east of the capital
Tripoli, where Libya said on Monday that work had begun on a new one
billion Euro airport which will be able to handle 20 million people a
year.