Libya fund appoints PwC as advisor for projects

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Libya fund appoints PwC as advisor for projects

The Libyan Local Investment & Development Fund’s (LLIDF) has appointed PwC as its as its strategic advisor to support feasibility studies for three strategic projects.

Among others, the LLIDF will carry out 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 specialized hospitals and solar energy developments.

Focussed on establishing an integrated network of specialized 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 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.”

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.