KUALA LUMPUR: Sarawak-based property developer, Naim Holdings Bhd plans to venture into Libya to undertake the construction of several facilities.

Naim is set to sign a memorandum of understanding with the General Board of Privatization & Investment (GBPI) of Libya at 4pm on Friday, March 12.

According to Naim, both parties will work together on the construction of various facilities and amenities of a project known as Solar Oasis on a 100-ha site about 30km from Tripoli City Centre.