Egyptian new investments in Libya worth LE1 billion

Ahram Online, Saturday 11 Dec 2010

Egyptian companies will invest LE1 billion in new infrastructure projects in Libya.

Libya infrastructure
A LE 1 billion worth infrastructure projects offered to the egyptian companies in Libya. (photo: Reuters)

Egyptian companies have been offered directly, without going through tender, Libyan infrastructure and housing projects worth LE1 billion, Minister for Public Works Rashid Matouk Mohamed Matouk said, according to Al-Ahram daily newspaper.

An official Egyptian- Libyan commission will approve both companies and consultancy offices to be engaged in these projects. 

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