Thursday, Apr 18, 2013
Abu Dhabi: Al Waha, a combination of commercial, retail, hospitality and residential space in downtown Tripoli, which will be developed by Abu Dhabi-based Al Maabar is back on track as it was reinitiated in 2013, Yousuf Mohammad Al Nowais told Gulf News on Thursday.
“We stopped tendering for the project at Al Waha shortly after the Arab Spring, but it gives me great pleasure that the $200 million (Dh734 million) Al Waha project is back on track,” said Al Nowais.
He added that Al Waha is back on track as economists around the globe consider Libya to be a country on the move.
According to Al Maabar, the project will be of a total land area of 40,000 square metres and the built-up area will be 145,000 square metres.
“The project will include a luxury hotel with 20 floors and total built-up area of 36,536 square metres comprising 196 serviced apartments, serviced office spaces, health club, indoor and outdoor swimming pools, fitness area and a spa. It will also entail a conference and banqueting areas, a ballroom and multipurpose facilities for up to 800 people,” said Al Maabar.
The project is a 50-50 joint venture between Al Maabar and the Libyan Investment and Development Company (LIDCO).
The project consultants are Atkins Middle East who are responsible for some of the most iconic developments across the region.
Al Nowais earlier said: “Al Waha reflects our ambitions to transcend the mixed-used realty landscape in Tripoli to meet the capital’s growing needs for contemporary housing, business and entertainment areas.”
“We have ensured that Al Waha captures the essence of Libya’s unique heritage and history in an iconic and modern urban design. The project will follow international standards and guidelines for environmental and architecture practices,” he said.
By Shehab Al Makahleh Staff Reporter
Gulf News 2013. All rights reserved.
