Thursday, 26 June 2008

Libyan Real Estate

Looks like others are starting to notice the potential in Libya. Qatar's Barwa Real Estate and the state-owned Libyan Development and Investment Company have just formed a joint investment fund to focus on real estate opportunities. The JV has an initial capital of $2 billion. The first investment is in a $300 million sport and services project.

The real estate deal involves building hotels, offices, housing units and other leisure facilities in Libya.

Barwa is an affiliate of the Qatar Investment Authority's $40 billion property wing.

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