The Libya Africa Investment Portfolio (LAIP) opened its Prime Atlantic Hotel in the Gambian capital Banjul last Saturday after the completion of the first phase of its maintenance, LAIP’s Media Department informed Libya Herald. LAIP, created under the Qaddafi regime, is Libya’s sovereign investment fund specialised in investments in Africa. It owns and manages the Prime Atlantic Hotel. The opening ceremony was led by LAIP’s Chairman, Mustafa Abu Funas, the Chairman of the Union of Turkish Companies Investing in Africa, Emin Çakmak, and the Chairman of the Turkish Arsi Company, Saruhan. On the Gambian side, the opening ceremony of the hotel was attended by the Gambian Ministers of Tourism, Economy, Investment and Youth, the Mayor of Banjul Municipality, and the Chairman of the Gambian Tourism Board.

Source: Libya Today May 06, 2024 14:16 UTC