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Sunday, April 8, 2018
National Oil Corporation and French-Italian Artelia Group have signed a contract for the management of an ambitious development plan for Benghazi, including local offices for NOC, further oil companies and governmental departments, as well as a hotel and conference complex.
NOC chairman Mustafa Sanalla and Artelia executive director Alberto Romeo signed the agreement in Milan on March 30 to launch this landmark development for Benghazi.
Chairman Sanalla commented: “NOC’s new facilities in Benghazi will reflect our potential as a country and the global importance of Libya’s oil sector. There is a bright future for our country if we can put conflict and instability behind us. We should be considering our country’s long-term potential – our mutual horizon. This project is a glance to what this future could look like.”
The center-piece of this development will be the stunning 100 meter tall “vertical blade” NOC local offices, clad in an iridescent and shimmering metallic gold. Also included in the harbor-side site will be the double hexagonal headquarters of Brega Petroleum Marketing Company, offices for Central Bank of Libya, a hotel and helipad, plus offices for further oil companies and an international conference center.
This project will play a big part in the development of the harbor area and grow the reputation of the city. It is expected that the project will be the first in the Mediterranean area to obtain a Leadership in Energy and Environmental Neighborhood Development sustainability rating – the most widely used environmental building rating system in the world.
Artelia Group will start engineering work upon completion of the preliminary financial guarantee and tax authority procedures. The project will be financed by lending from commercial banks.
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