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Sunday, September 09, 2007

LAAICO buys Tunis Hotel

Libyan Arab African Investment Company (LAAICO) has bought the majority of the stake (59.99%) of Hotel Abou Nawas Tunis, a large hotel situated at the centre of the Tunisian capital.

It is the first investment in Tunisia of LAAICO, present in 25 African countries, where it owns hotels boasting a total 3,500 rooms in seaside resorts, city centres and national parks.

Apart from the tourism sector, the Libyan company is active in different sectors such as industry, agriculture, trade and telecommunications.

The Rest @ Libya Investment News

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