News | Wednesday, 06 May 2009

Works on Palm City project almost completed

Works on Palm City Residences, the Maltese and Kuwaiti-owned luxury development in Libya, are now nearing completion as Mediterranean Investments Holding p.l.c. (MIH) gears up for the official inauguration of the project within four to five months. Palm City, which is located on the pristine coastline of Janzour, is the first project to offer five-star, long- term accommodation in Libya and the residences have already secured a substantial amount of tenants.
“Works at Palm City have maintained their positive momentum and we are in the process of hosting clients for on-site visits. The area surrounding the development in Janzour, which lies 15 kilometres away from the capital of Tripoli, has been totally transformed with roads, paving and landscaping,” Mr Reuben Xuereb, Managing Director of MIH, said.
With a mid-to-late summer inauguration on the cards and a good number of the residences furnished and soon ready-to-move into, the first tenants are expected to move in shortly.
“Structural works and internal finishings, including tiling, apertures and internal and external doors, have been completed in 95% of Palm City residences,” Mr Xuereb added.
Designed to high standards, the self-contained residential community is fast becoming the preferred residential address for the numerous expatriate families living in Libya. Palm City comprises 413 residential units with a multitude of supporting leisure and entertainment facilities including a private sandy beach served with two restaurants and a central piazza which will act as the focal point for the community where people meet, shop, and see to most of their daily needs.
“Plans have now been finalised for the main restaurant by the beach, which is expected to be the hub of activity for the Palm City tenants. Negotiations have also been concluded for the operations of a fully fledged supermarket, clinic and hair salon/beautician, which will all be located within the Central Piazza area alongside other outlets earmarked for this area,” Mr Xuereb concluded.
Palm City sets the standard for rental accommodation that is tailored to the requirements of the international community. The residences were purpose built with an expatriate community in mind and each home is offered complete with every fixture, fitting and comfort, including, for example, extensive storage, ample landscaped outdoor spaces and high speed wireless internet. For more information about Palm City Residences visit


Other News

GDP to shrink by end of year - EC

Betting shop franchise to bid for Dragonara Casino

EU launches deficit procedures against Malta

MediaToday journalist wins two awards Journalism Awards

Five years on: reviving the social pact

Events – Are they enough to create the spectacle we expect?

The Determinants of Global Factoring

BOV posts reduced profits and interim dividend following “toughest period”

MIM’s Risk Management Business Breakfast

Microsoft Malta awarded European Business Award

Works on Palm City project almost completed

Gasan bonds close within an hour from opening

Difficult changeover year leads to decrease in Farsons’ profits

Mark Lamb - Incredible India



06 May 2009

Collaborating partners:

Malta Today



Copyright © MediaToday Co. Ltd, Vjal ir-Rihan, San Gwann SGN 07, Malta, Europe Tel. ++356 21382741, Fax: ++356 21385075
Managing Editor: Saviour Balzan