Saturday 11 July 2009

Singapore-based firm wins 1.2 bln dlrs of contracts in Libya

A Singapore-based company said Friday it has won more than 1.2 billion US dollars worth of contracts to build commercial and residential developments in Libya.

Sembawang Engineers and Constructors, a wholly owned subsidiary of Indian diversified conglomerate Punj Lloyd Group, said the biggest of the three contracts involves building a resort on the Mediterranean coast next to the domestic airport in Tripoli.

The two other projects involve building high-end residential apartments and a five-star hotel with 150 rooms.

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