Punj Lloyd Group bags Rs5,904 crore fresh contracts in Libya
10 Jul 2009
Sembawang Engineers and Constructors (Sembawang), one of the largest engineering and construction companies in Southeast Asia and a wholly owned subsidiary of the Punj Lloyd Group, today announced that it has won three major commercial and residential project contracts in Libya totalling more than Rs5,904 crore ($1.2 billion).
Sembawang's subsidiary in Tripoli, Libya - Sembawang Libya General Contracting and Investment Company - won the contract awarded by the International Investment and Services Company. IISCO is an arm of government-linked company, the Economic Social Development Fund of Libyan Great Jamahiriya, which has been mandated to execute projects in the field of engineering and construction in the entire Libyan Great Jamahiriya.
The biggest of the three contracts is the turnkey project to develop Al-Mea'tega Resort Village, a luxurious villa resort located on a 40-hectare site on the Mediterranean coast adjacent to the domestic airport in Tripoli.
The second project is the Al-Ghiran village in Tripoli which will have a total built-up area of 110,000 square metres. Located on a 13-hectare site, the mix-development comprises 17 four-storey high-end residential apartment blocks, common recreational facilities and sports hall, 66 luxury villas, a 120-room four star hotel and a 600-seater conference hall building.
The project also includes landscaping and external infrastructure work and services.
The third project involves the construction of the Al-Froseya Hotel, a five star 150-room hotel comprising solely of suites. The seven-storeyed hotel will have deluxe facilities, including a swimming pool, spa, meeting rooms and a 700-seat conference hall. The total built-up area will be approximately 65,000 sq m.
