Kuwait's Investors Holding plans to set up a $2 billion investment firm with the Libyan government and offer half the new company to foreign investors, the company said on Sunday.
Investors have signed a memorandum of understanding with Libya to create the firm, with each holding 25 per cent and the remainder sold to the public in an offering, the company said in a statement on the Kuwait bourse website.
The new company will undertake several large projects, including energy investments in Libya and other countries in North Africa and the Middle East.
Investors said a committee would look at potential deals in tourism, real estate, financial services, transport and telecommunications.-Reuters