The Libyan Investment Authority has received the "C" block from the Abulaila Tower in the capital, Tripoli after completing all the necessary steps in the process with Al-Tadamun Real Estate Investment Company, the LIA confirmed on Monday.

The Foundation clarified that its team has worked during the past three years to solve the problems that stood before completing the contract in cooperation with Al-Tadamun Real Estate Investment Holding Company.

It indicated that it would immediately commence in the second phase of rehabilitating the building, with the aim to create a favourable macroeconomic climate for domestic and foreign investment companies, including the private sector.

The LIA expressed hope that the step would contribute to the return of prosperity and construction, create job opportunities, and promote the local investment sectors.