Libya: €75 million arbitration award in favour of Strabag confirmed
The Austrian construction company won several contracts associated with three Libyan public groups in the late 2000s. But the projects were abandoned after the 2011 uprising.
04/10/2021 at 16h05, by Africa Business+
Three state agencies, including the Roads and Bridges Authority, the Housing and Infrastructure Board and the Transportation Projects Board, had awarded six contracts between 2006 and 2010, including those for the Tajura, TIAR and Garaboulli projects. However, it then suspended the work in the wake of the popular uprising in March 2011, which led to civil war.
Recommended articles
Maritime transport
05/01/2023 at 17h45, by Africa Business+
Tripoli promises Tunisian Etraph CEO Mohamed Abid to resume marina works
The national unity government in Tripoli, led by Abdelhamid Dbeibah, assured Mohammed Abid, CEO of the...
Oil & Gas
14/03/2022 at 18h11, by Africa Business+
ConocoPhillips pays $900 million tax bill to Libyan authorities
The USA group, together with TotalEnergies, bought the 8.16% stake in the Libyan Waha Oil Company held...
Construction & Infrastructure
03/12/2021 at 16h49, by Africa Business+
Turkey’s Selant Group well positioned to rehabilitate Tripoli’s historic medina
The inside story from Africa Business+ on the soft power policy deployed by Turkish President Recep...
Advisory
29/11/2021 at 18h14, by Africa Business+
Senegal: New PPP board to handle litigation and disciplinary sanctions
Africa Business+ details the scope of the new body.
Advisory
08/11/2021 at 13h00, by Africa Business+
Libya vs Strabag: Tripoli refuses to give in – opts to appeal
Despite two legal setbacks in its dispute with the Austrian public works company, Libya remains confident...
Maritime transport
05/11/2021 at 16h51, by Africa Business+
Port dispute: KGL and Cairo appoint arbitrators for CIRDI
The former partners find themselves for a second time before an arbitration tribunal following the breach,...