The Head of the Airports Authority, Mohammed Beytelmal, signed a memorandum of understanding (MoU) with the Turkish Terminal Yapi company and the English “ARG International” group to invest in Tripoli Airport.

The Airports Authority has explained that the agreement aims to determine the technical and financial foundations that will be agreed upon between the parties to move forward with the signing of a final contract that will include financing infrastructure projects as well as rehabilitating the airport and operating it in a way that ensures the development and improvement of the services as per the standards and requirements stipulated by the International Civil Aviation Organization.

It added that the two companies submitted a proposal to the Ministry of Transportation to form a coalition between them to finance the new Tripoli Airport project, based on their extensive experience in the field of investment in airports.

The Authority also said that the signing of this MoU is an important step towards strengthening international cooperation, attracting foreign investments, the return of international airlines to resume their flights to and from Libya, and achieving sustainable development in the aviation sector in the country.