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A
memorandum of understanding was signed, today in Tripoli, to
establish a smart energy city in Great Jamahiriya, in a
partnership between the Social & Economical Development Fund
and the Gulf Finance House, at a total cost of $3.8 billion
as apart of the fund's activities to invest Portfolio of
Investment pertaining families deprived form the public
wealth.
The
memorandum was signed by the Secretary of Administrative
Committee of the Social & Economical Development Fund in
Great Jamahiriya and the Chairman of the Gulf Finance House.
The
Secretary of the Administrative Committee of the National
Oil Corporation was, also, present when signing the
memorandum.
The
smart energy city will be established in Sabratha city on a
total area of land of 528 hectare; and will be comprising
Tower Africa for services as an essential center for the
international companies specialized in the state-of-the-art
technologies in the fields of energy and oil; the city will,
also, be comprising residential & services towers, cultural
center; and a number of coffee shops, restaurants, sports
clubs and health centers.
The
Secretary of the Administrative Committee of the National
Oil Corporation underlined importance of establishment of
this city, which is considered to be a great investment
project that must be supported and implemented as soon as
possible. On his part, Secretary of Administrative Committee
of the Social & Economical Development Fund clarified that
the smart energy city project in Libya is a great investment
project, from profits of which all Libyan families deprived
from the public wealth will benefit.
He said
establishment of the smart city in Great Jamahiriya that has
a strategic location, is important, since the city with its
great utilities will be a headquarter for regional centers
and for giant international companies.
The
Secretary of the Gulf Finance House emphasized that the
company will work, though participation in the international
conferences and exhibitions, to attract big investment
companies from different parts of the world to take part
directly in implanting this project, where he stressed that
this project will provide lots of job opportunities for the
Libyan cadre and youths.
The
foundation stone of the project would be laid within two
months, Secretary of the Gulf Finance House said. Notable,
the Gulf Finance House is one of the Islamic investment
banks; its headquarter is in Bahrain; its activities
concentrate on developing infrastructure projects in the
promising markets. |
