Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

THREE STRATEGIC PROJECTS SET TO SOAR AFTER LIBYAN LOCAL INVESTMENT & DEVELOPMENT FUND (LLIDF) APPOINTS PWC

THREE STRATEGIC PROJECTS SET TO SOAR AFTER LIBYAN LOCAL INVESTMENT & DEVELOPMENT FUND (LLIDF) APPOINTS PWC
  • PwC to support feasibility studies for redevelopment of Tripoli Airport, and the development of Specialised Hospitals and Solar Energy

A multi-million redevelopment of Tripoli International Airport is getting ready for take-off following the Libyan Local Investment & Development Fund’s (LLIDF) appointment of PwC as its strategic advisor.

The LLIDF is supporting the redevelopment of Libya through its new Investment Programme which includes the redevelopment of Tripoli International Airport into a world-class international airport. Based within a secure hub on the former airport site, the ambition is to cater for over five million passengers per annum, attract a multitude of new airline partners, and act as a catalyst for major commercial and corporate developments nearby.

In addition to being appointed to advise on the redevelopment of the airport, PwC’s infrastructure team in the UK and Middle East has also been brought on board to act as advisors for two separate feasibility studies on new specialised hospitals and solar energy developments.

Focussed on establishing an integrated network of specialised hospitals, providing health services to high risk communities across Libya, the programme aims to reduce the country’s reliance on overseas healthcare support in the longer term. The environmentally friendly solar photovoltaic energy project in Hoon, southwest Libya, intends to support Libya’s energy needs by delivering in the region of 100 MWp of generation capacity in line with expected demands.

The agreement, signed in London by Bader Ben-Othman, CEO of LLIDF, and  PwC partners, Ian Baxter, Michael Burns, Ahmed Baitelmal and Bernhard Haider, marks an important milestone in the development of Libya’s economy.

Mr. Bader Ben-Othman said:

“We are delighted to team up again with PwC as our advisors for three strategic projects; namely the redevelopment of Tripoli International Airport alongside development of an integrated network of specialised hospitals and a solar energy project.

“These projects are absolutely critical for Libya’s needs in terms of stabilisation, socio-economic benefits and the alleviation of hardship.”

Ian Baxter, PwC infrastructure partner, added:

“We recognise that these are three critical projects for LLIDF and Libya as a whole. While the airport will open up trade routes further, the delivery of specialised hospitals, providing services including oncology, neurology, rehabilitation and cardiology, will help improve clinical service and patient care standards.

“We are delighted to continue our work with the LLIDF and look forward to using our local and global sector knowledge and PPP expertise to support this crucial work rebuilding the Libyan economy and infrastructure.”

Leading the airport advisory project will be Michael Burns, PwC partner based in London.  The healthcare feasibility study will be led by London-based PwC partner, Ian Baxter, with the solar feasibility analysis led by Bernhard Haider, a PwC partner based in Egypt. Local PwC Libyan support to all three feasibility studies will be led by Dr Ahmed Baitelmal.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post