01 JULY 2001

The Libyan government is reported to have decided to withdraw its $3.5 billion lawsuit against the insolvent Dong Ah Construction Industries and Korea Express, in a dispute arising from the two companies' joint execution of the manmade river projects in the north African country. The lawsuit was filed at a court in Tripoli last year.

Libyan said to have made the move on finding that Dong Ah has been making smooth progress in wrapping up the project. According to sources, the Libyan Great Manmade River Authorities will be having a plenary session with creditors for the Korean contractor on July 6, after which a new agreement will be signed for setting forth terms to wrap up the remaining work.

• $17.9bn Thai shipping canal project revived
• Baku-Ceyhan pipeline moves ahead
• Libya withdraws lawsuit against Dong Ah
• Newsline

Tags

World Digest Saudi Review Regional News Interiors Instrumentation Air Control & Ventilation Generators Steel Tenders

Gulf Construction is the undisputed leading trade journal for the building and construction industries of Saudi Arabia and the other Gulf states. The magazine provides editorial coverage on a wide range of topics which are of interest to industry professionals. In addition, regular features highlight technological developments within specific industry fields. Launched 40 years ago, the magazine has established an enviable reputation as an authoritative, respected journal with unmatched coverage of the Gulf region. Gulf Construction is essential reading for anyone with a serious interest in the region’s building and construction industry.