Alwataniya Development & Investment Co.

Announced today in the city of Tripoli on the well publicized start in the practice of the National Development and Investment Holding Company with capital of one hundred million Libyan dinars, and regarding to Law No. 21 of report some of the provisions regarding the conduct of economic activities and its implementing regulations and the law No. (5) on the promotion of investment of foreign capital .

The website of National Holding Company said that the national led by the decision of the National General People's Committee No. 171 of 2007 on the authorization of the establishment of some of the holding company, of all movable assets and the National Council of Real Estate Investment, which was founded in 1979 and reorganized in 1981 the decision of the General People's Committee No. 309, which is the authority that carried out the largest A number of housing units in Libya, where the total is carried out (11000) units.

Ali Obujazip Secretary-General of the National Council of Real Estate Investment Holding Company and in charge of the establishment, he said that the establishment of the National Development and Investment Holding Company is an economically important and will have a role in participation in the pushing of the development process, and would have targeted a number of Libyan society, which has been following the completion of the evaluation of the assets of the National Council of real estate investments, which exceeded the per million Libyan dinars, and the completion of the settlement of all existing commitments to the Council, or the pros and cons, and he added that it was through companies owned by the Holding Company, which now or will be created, will cover various disciplines, and companies, which was founded six companies so far, a National company for general construction ,National Company for manufacturing and supply of building materials, National Company for services and Real Estate consulting , The National Investment Engineering Company, the dimensions of information services, Engineers Construction Engineering and Technical Services Company, and the Libyan Korean Company of construction and engineering involved.

Also he said that the most important contributors in the shares of the holding of national and Islamic Jihad are the Social Security Fund (Retirement fund) , Libyan insurance , Investment company funds producers, portfolio Libya Africa Investment and the economic social development Fund.
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