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Saturday, March 13, 2010

Naim plans 'Solar Oasis' concept

PROPERTY developer and builder Naim Holdings Bhd is working on a concept for a development in Libya with its General Board of Privatisation and Investment (GBPI).

"We will use the next six months to come up with the concept," Naim managing director Datuk Hasmi Hasnan told reporters after signing a memorandum of understanding with GBPI in Kuala Lumpur yesterday.

GBPI, which owns 100ha 30km from the Tripoli City Centre, is planning a mixed development, known as "Solar Oasis".

The Solar Oasis Science and Business Park will be the first of its kind in Libya, aimed at being a hub for alternative and renewable energy, GBPI board chairman Dr Gamal N. Al Lamushe said. Lamushe is also Libya's Minister of Privatisation and Investment.

By Business Times

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