Libya to Spend $40 Billion on Infrastructure, Housing Projects; Invites U.S. and International Companies to Partner With Libyan Firms

TRIPOLI, Libya – Dec. 20 (SEND2PRESS NEWSWIRE) — According to Phoenicia Group, a U.S.-Libyan diversified business firm and consultancy group, Libyan officials have earmarked a record $40 Billion for a nation-wide infrastructure and housing program to revamp a decaying public infrastructure caused by years of sanctions; a subtle green light to U.S. and international engineering and construction companies to establish a stake in the construction boom set to explode in the coming years.