The Al Waha development on the Airport Road in downtown Tripoli is reported to be back on track.
Speaking to Gulf News, the Managing Director of Abu Dhabi-based Al Maabar, Yousuf Mohammad Al Nowais, said:
“We stopped tendering for the project at Al Waha shortly after the Arab Spring, but it gives me great pleasure that the $200 million (Dh734 million) Al Waha project is back on track.”
The project will cover an area of 40,000 square metres, with will be 145,000 square metres of floor space. It will include a luxury 20-floor hotel with 36,536 square metres, 196 serviced apartments, serviced office spaces, a health club, indoor and outdoor swimming pools, fitness area and a spa. It will also entail conference and banqueting facilities, a ballroom and multipurpose facilities for up to 800 people.
It is a 50:50 joint venture between Al Maabar and the Libyan Investment and Development Company (LIDCO).
According to the report from Gulf News, the project consultants are Atkins Middle East.
(Sources: Al Maabar, Gulf News, Libya Herald)