Name and Location
Energy City Libya.

Project Description
Energy City Libya will take shape on 6 km² of land on the shores of the Mediterranean city of Sabratha, 70 km west of the capital Tripoli, integrating all the components necessary to deliver a truly world-class energy hub.

The centrepiece of the initiative will comprise the Africa Tower surrounded by a number of specialised business clusters that will include a data centre; an environmental, renewable energy and regulatory advisory centre; a dedicated cluster for oil and gas producers; a dedicated cluster for service industries; a dedicated cluster for infrastructure and downstream industries; a dedicated cluster for shipping and trading; a dedicated cluster for associations and media; and a business process outsourcing centre.

Besides the business components, Energy City Libya will offer a sophisticated range of residential, retail, leisure and entertainment elements all designed to offer the highest standards of modern living to the people and families who will bring Energy City Libya to life.

Value
$5-billion.

Duration
Construction on the project will start in January 2009. The project will take three to five years to complete.

Client
The project is a joint venture between Libya's State Fund for Economic and Social Development and the Bahraini Islamic investment bank, Gulf Finance House.

Key Contracts and Suppliers
None stated.

Latest Developments
The preparatory works for the project have been completed and the project will be launched in earnest in January 2009.

On Budget and on Time?
Too early to state.

Contact Details for Project Information
Energy City International head of corporate communications Farid Tabulsi,
tel +974 4999111 or email ftrabulsi@energycity.com.
Gulf Finance House corporate communications, Safiya Khonji, tel +973 17538538 Ext 437 or
email skhonji@gfh.com.