Daewoo E&C wins Tripoli Waterfront PJ worth USD 227 Million from Libya

Daewoo E&C wins Tripoli Waterfront PJ worth USD 227 Million from Libya. The PJ will be placed on Janzur to build residential and commercial buildings, luxurious hotels, town houses, etc.

Daewoo E&C is the only one invited to the bid without PQ(Prequalification) procedure. This shows the company’s exclusive power in Libyan market.

<Overview of Tripoli Waterfront PJ>

1. Order placed by: Libyan Qatar for Joint Real Estate and Tourism Investment

2. Location: Janzur, about 17 kilometers from Tripoli

3. Project Overview: Design and building of residential and commercial bldgs, luxurious hotels, town houses, etc.

4. Project Budget : USD 277 million

5. Project Period : November, 2009 ~ January, 2012 (about 26 months)