$5bn energy city in Libya

Bahrain’s Gulf Finance House has announced the conceptual master-plan for its $5bn Energy City Libya development. The city will cover 600 square metres on the shores of the Mediterranean city of Sabratha, 70 kilometres west of Tripoli. The city will feature Africa Tower at its centre and will be surrounded by other business functions – including a data centre, an environmental, renewable energy and regulatory advisory centre, a business process outsourcing centre and dedicated clusters for industry. It will also offer a range of residential, retail, leisure and entertainment elements.

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STATS

Middle East & Africa FDI, 2008 (Number of jobs)