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EFTA01115515

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actual cost for the reconstruction Qatari Investments in Libya accounting for around USD 10 billion Before the collapse of the Libyan regime led by Gaddafi, several Libyan-Qatari agreements were concluded covering common investments that exceed USD 10 billion. After the National Transitional Council (NTC) took power in Libya, the Qatari Government started to observe cautiously, like all the other countries that supported the NTC, the size of its projects and investments in Libya. Several steps were taken to revive these projects, in the hope of more Qatari investments in Libya, especially after the estimations of some international reports that the of Libya is around USD 700 billion. The first phase of the reconstruction plan estimated at USD 200 billion will start next year. Greater Investment Opportunities... and Fears of Political Repercussions What is the current size of the Qatari investments in Libya? And what are the prospects for such investments? Current Investments According to a special report issued by Barwa Real Estate Company in Qatar. the latter had previous agreements with Libya for the completion of a huge project that includes hotels, residential complexes and entertainment facilities on a surface of 3,000 square meters, with a value up to USD 2 billion. The company announced in a statement on Qatar Exchange website, that it signed an agreement with an Emirati bank to obtain a loan of AED 700 million (USD 190.6 million) for the financing of investments and projects including the construction of properties in Libya. The Libyan-Qatari Company declared recently the laying of the foundation stone of "The Waterfront" project, for the construction of a luxurious residential complex and resort near Tripoli. expected to be completed by the end of 2012. The Libyan-Qatari company is a joint venture between the Qatari Diar Real Estate Investment Company, of the Qatar Investment Authority, and OYA Tourism Investment and Social De

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