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The 4th
International Building and Construction
Libya Build 2007 has achieved a huge
success as the largest specialized event
that has been organized in Libya.
With 170 participants representing 230
International companies witnessed the
moment of launching Libya Build 2007,
where Mr. Abdel Hameed Dibaiba the
Chairman of Libyan Investment &
Development Company led the opening of
the ceremony that contained a number of
phenomenal businessmen, Ambassadors and
VIPs in Libya.
Libya Build 2007 has occupied 11
pavilions with total 5000 sq/m. compared
to last year net floor space, has
increased by 60%, and the number of
participating companies has increased by
50% which makes this exhibition the
largest specialized event that has been
organized in Libya.
The exhibition was divided into 3500
sq/m as an indoor area introducing 157
companies, 65% were International
companies from different 17 countries,
and the majority of these companies were
from EU. Plus 1500 sq/m as an outdoor
area of 13 leader brands consisted of a
variety of specialized fields from
Landscape, through Heavy machinery,
Concrete pumps, Compressors and
Generators etc...
This event enhanced the opportunity to
expand and develop the Libyan economic
structure, and was honored by the
approach of 5276 visitors of those
Specialized, Decision-makers and
Businessmen, as well as foreign visitors
from neighborhood countries.
ATEX organized group of visitors within
the presence of effective officials in
the construction sector in Libya as Mr.
Ali Dibaiba, Chairman of Organizational
Development of Administrative Centers,
and Mr. Mustafa El Moezughi, Chairman of
the Housing and Utilities General
Cooperation and Dr. Hadi El Kelani,
Chairman of Historical Cities Authority.
Media also played a major role in this
event covering a wide range of
interviews with a number of exhibitors
presenting their companies during the 4
days of the exhibition.
This event has embraced different
business transactions, including deals
for local companies that are obtaining
new agencies.
As Libya moves towards a new economic
era, there is an urgent need to enhance
the country's infrastructure, both to
promote sustainable growth and improve
the lives of Libyan citizens.
The rapidly rising urban population has
already prompted a building boom in
response to the need for Homes,
Hospitals and Schools. Major water and
sanitation projects are also under way.
Libya's transport infrastructure of
airports, ports and roads needs to be
expanded and upgraded, and major hotel
and resort construction projects are
being undertaken to boost the promising
tourism sector.
At present, the General People's
Committee is putting the final additions
to the five-year National Development
Plan for 2008-2012, which focus on the
modernization of Libya's economic
progress by depending on the overseas
technology and expertise.
One priority of this plan is to increase
the massive housing gap by estimating
the need of 450,000 new housing units
over the next ten years.
The Development Plan also includes
programs to increase production of steel
and cement to facilitate the
construction and equipping of schools
and hospitals, and 2,000kms of road
improvements within bridge building.
Water and sanitation projects are also
involved in the plan, estimating that
LYD 8 billion (approximately $ 6
billion) will be spent over the next
five years on these projects.
The success that Libya Build has
achieved in the last four session, and
the huge improvements in the Libyan
Construction market. ATEX guarantees the
success of the upcoming event due to the
booming construction sector in Libya and
the huge number of contracts signed
recently by the Libyan government with
national and international companies for
small, medium and huge projects. We are
expecting that Libya Build 2008 will be
twice as big with over 300 companies to
fulfill the needs of these projects.
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