The Minister of Housing and Construction discusses with Al Mirage Company the prospects for investment in integrated housing projects.

As part of the Ministry of Housing and Construction's efforts to strengthen partnerships with the private sector and attract major companies to invest in housing and economic development, the Minister of Housing and Construction, Engineer Essam Al-Tamouni, held a meeting this morning with the Libyan-Egyptian joint venture, Al-Miraj Company. The meeting was attended by the Chairman of the Board, Dr. Abdul-Muhaimin Abu-Dina, Board Member Mr. Mustafa Al-Waer, the Head of the Tripoli City Development Authority, Engineer Rajab Al-Dali, and several ministry advisors.

During the meeting, the company presented a detailed visual presentation on its planned projects within Libya. These projects, independent of the ministry, include integrated residential, commercial, and administrative developments based on smart city principles. The company also outlined its plan to enter the real estate investment sector in partnership with the Ministry of Housing and Construction through its executive bodies and relevant national housing authorities.

This meeting aligns with the ministry's strategy to diversify funding sources and reduce reliance on the general budget by encouraging local and foreign investment in housing and urban development projects. This aims to contribute to the advancement of the national economy and the rationalization of public spending. Engineer Essam Al-Tamouni affirmed that the Ministry is proceeding with opening up avenues of cooperation with leading companies in the housing and construction sector, with the aim of providing suitable housing that enjoys all services according to the highest modern standards, in implementation of the “Return to Life” plan launched by the Prime Minister of the National Unity Government.