LIBYA: LIBYAN COMPANY TO INVEST $200 MILLION IN CONSTRUCTION OF 3 HOTELS IN ALGERIA.(Arab-Libyan Company for Foreign Investments )(Brief Article)

From: IPR Strategic Business Information Database | Date: April 29, 2003 | Copyright information

According to the Lebanese newspaper Al-mustaqbal (April 26, 2003), the Arab-Libyan Company for Foreign Investments (LAFICO) will establish three hotels in Algeria with $200 million in total investment, and will invest more than $100 million in construction of commercial and social centers in the country. The decision was published at the end of the 11th session of the joint Libyan-Algerian committee which ended in the Algerian capital on Friday. The company intends to establish the three hotels in the western city of Wehran and in the oil city Hasi Masuud which is located in the ...

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