Turkish companies owed 18 bn in Libya, says analyst

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Posted – 16th April 2021

“One of the reasons such contracts are being awarded directly to #Turkish companies without other nationalities being able to compete, has to do with the $18bn backlog of outstanding #Turkish projects that have been suspended since Feb 2011,” wrote Jalel Harchaoui on Twitter on Tuesday.

The country saw the beginning of a revolution in February 2011 that led to the end of a regime under Col. Muammar Ghaddafi.

Hachaoui is a well-known analyst focusing on Libya and was commenting on a tweet announcing: “Turkey’s Ronesans signs MOUs on Libya power plants, airport terminal”.

The company had signed a Memorandum of Understanding the previous evening with Libya for the construction of a new international terminal for the Tripoli airport, three power plants and a shopping mall.

The tweet from the Geneva-based Global Initiative and former Libya expert at the Dutch think tank Clingendael Institute linked to the Tabadul TV website , which added that during the same ceremony with Ronesans, another Turkish group – Aksa Enerji – had signed an agreement for the building of a power plant alongside the General Electric Company of Libya (GECOL).

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