Libya has revived its $100-billion housing infrastructure development program and re-contracted US firm AECOM Technology Corp. to manage its implementation and offer advice to the ministry of housing and utilities.
The revival of North Africa's region's largest home-building program by state-owned Housing and Infrastructure Board (HIB) come at a time when many foreign companies are returning to Libya. Many firms fled during the bloody revolution of 2011 that toppled strongman Muammar Gaddaffi. Companies are trooping back as the new government intensifies renegotiation of stalled contracts.