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Gulf Finance House, the Islamic investment bank renowned for the conception of world class economic infrastructure initiatives has unveiled the master plan for Energy City Libya.
The $5 billion Energy City Libya, the latest in their series of Energy City projects also located in Qatar, India and Kazakhstan will take shape on six square kilometres of land on the shores of the Mediterranean city of Sabratha, 70km west of the capital Tripoli, integrating all the components necessary to deliver a truly world class energy hub.
Contemporary global energy demands are well documented and the industry is engaged in an unending search for new sources of oil and gas.
With approximately 40 billion barrels of oil, Libya boasts the largest proven oil reserves in Africa. Given Libya's strategic location at the crossroads between the European, African and Arab markets, it is a natural location for the primary regional energy hub.
