In a statement to the Economic Newspaper “Sada”, Naamaman Elbouri claimed that the Libyan Real Estate Development Forum discussed several topics, most notably urban planning, and the reason why there are no new architectural plans in the Libyan state.
Elbouri added that the Forum discussed the 2025 vision to improve urban planning. Hence, some participants criticised the Libyan Urban Planning Authority for failing to provide the foundation for the development of Libya’s real estate sector. One example was the fact that Libya’s National Planning Council’s Libya 2040 Vision, which includes a vision to improve urban planning, but the plan has not been implemented since 2013.
“We discussed the public-private sector partnership”,he said, adding that the private sector can operate and finance some projects.
In his statement, Elbouri revealed that the Real Estate Trading Fund signed a joint cooperation agreement with Alinmaa Holding Company to finance some of its projects.