Libya-Africa Investment Portfolio pledges to increase Investment in Tunisia | Tunisia News Gazette

Libya-Africa Investment Portfolio pledges to increase Investment in Tunisia

Kilani Abdelkarim Kilani, Chairman of the Board of Directors of the Libya-Africa Investment Portfolio has pledged to increase the group’s investments in Tunisia.

Speaking at a press conference held Monday at the headquarters of Laico Company in Tunis, he added that the diversification of investments of the Libya-Africa Investment Portfolio in Tunisia, whose companies are active in the oil, land and services sectors, reflects the willingness of its Board of Directors to establish a strategic partnership with Tunisia.

He added that the Board proposes to invest in the sectors of health, telecommunications and agriculture in Tunisia.

The Libya-Africa Investment Portfolio, which includes Tunisia’s OiLibya, LAICO Tunisie Holding, LAICO Hotels and Resorts, and the Libyan Agricultural Company, is facing some legal problems, according to its Board of Directors.

These include the refusal of the former general management of the Abu Nawas Hotel, one of the three hotel units owned by the Portfolio, to transfer the hotel building to the new general management of “LAICO Services” while the hotel is expected to open doors in June 2017.

“The company LAICO has paid 60% of the salaries of employees of this hotel for 5 years, while it has not yet opened its doors and began paying them their full salary 6 months ago,” stated its CEO, Achraf Taieb, stressing that “the biggest problem lies in the refusal of the former management to let us in the hotel while we are registered in the commercial register.”

He warned that the management of the company LAICO could refer to the justice to ensure the opening of the hotel in June 2017.

Source: TAP News Agency

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