Works on Palm City Project Almost Completed

Works on Palm City Residences, the Maltese and Kuwaiti-owned luxury development in Libya, are now nearing completion as Mediterranean Investments Holding p.l.c. (MIH) gears up for the official inauguration of the project within four to five months.
Palm City, which is located on the pristine coastline of Janzour, is the first project to offer five-star, long- term accommodation in Libya and the residences have already secured a substantial amount of tenants.
Mr Reuben Xuereb, Managing Director of MIH told The Tripoli Post: “Works at Palm City have maintained their positive momentum and we are in the process of hosting clients for on-site visits.”
He went on to say that the area surrounding the development in Janzour – 15 kilometres away from the Libyan capital – has been totally transformed with roads, paving and landscaping.
With a mid-to-late summer inauguration on the cards and a good number of the residences furnished and soon ready-to-move into, the first tenants are expected to move in shortly.
The tenants will include a variety of companies from diverse sectors. There is a healthy mixture of oil companies, financial services, insurances and banks, education, embassies, construction companies and the like.
Palm City Residences are normally leased out to corporate companies, which in turn, make this accommodation available to their employees during their work assignment in Libya… read more


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