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Waterfront, luxury residential development, a Libyan-Qatari Joint Venture

From “The Tripoli Post”:

– “The Waterfront to Include 5-Star Resort, Residences, Shops, and More.
Work has begun at The Waterfront, a luxury residential and resort development located near Tripoli along Libya’s Mediterranean coast, announced Al-Libya Al-Qataria (ALAQ), a joint venture between Oyia (a wholly-owned subsidiary of Libya’s Economic and Social Development Fund) and Qatari Diar Real Estate Investment Company (a wholly-owned subsidiary of the Qatar Investment Authority)”……

…… Eng. Mohammed bin Ali Al-Hedfa, Group CEO of Qatari Diar, added, “We are delighted to be breaking ground on The Waterfront, and we consider it an important symbol of the deep friendship between Libya and the State of Qatar. Furthermore, we believe that The Waterfront’s world-class resort and residences have the potential to herald a new era of luxury living for both Libyan residents and the growing number of business and leisure travelers who visit Tripoli”.
Numerous international consultants are providing assistance to the project. The initial phase of The Waterfront is scheduled to be completed by the end of 2012″……….

……….read the full article at the page:

http://www.tripolipost.com/articledetail.asp?c=11&i=5107

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Eng. Mohammed bin Ali Al-Hedfa, Group CEO of Qatari Diar, added, “We are delighted to be breaking ground on The Waterfront, and we consider it an important symbol of the deep friendship between Libya and the State of Qatar. Furthermore, we believe that The Waterfront’s world-class resort and residences have the potential to herald a new era of luxury living for both Libyan residents and the growing number of business and leisure travelers who visit Tripoli.”

Numerous international consultants are providing assistance to the project. The initial phase of The Waterfront is scheduled to be completed by the end of 2012.

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