In comments reported by the Turkish state news agency, the president of Libya's national congress has promised to compensate Turkish companies for any losses inflicted by last year's conflict.

The Housing and Infrastructure Board (HIB) has issued a package of tenders for various road, sewage and water works in several locations in Libya.

Since being established, the state-owned Organisation for Development of Administrative Centres (ODAC) has signed more than 5,000 contracts across various sectors, with many projects still in progress or planning.

The Housing and Infrastructure Board (HIB) signed more than 6,200 housing and infrastructure contracts between 2006 and the middle of 2012, with outstanding payments on incomplete projects worth around LD25bn ($20bn).

A ceremony was held in Benghazi last week to mark the launch of a new LD385m ($306m) real estate development.

National Union Consultants, an engineering, architecture and project management firm, has reported a loss for the third quarter of the year.

Libya's pension fund, which owns and operates numerous hotels across the country, has published tenders for refurbishment and development work on properties in Benghazi and Misrata.

China's Yuan Dong International, a Ningbo-based dredging and salvage company which specialises in offshore and underwater works, has appointed a Libyan agent.

The Medina Tower Joint Stock Company (MTJSC), a Maltese-Libyan joint venture, has signed a contract with Turkey's Koray to build a €320m (LD512m) mixed-use tower in Tripoli.

Libya's Ministry of Housing and Utilities has set up an awareness campaign designed to warn against the dangers of unlicensed and unregulated building work.

On-site work on the Medina Tower, a mixed-use project in central Tripoli, is scheduled to start later in 2012 with negotiations with the main contractor having reportedly been finalised.

The Malta-based owner of Palm City, a high-end residential development in western Tripoli, says occupancy rose slightly from the first quarter and operating profits soared above 2011 levels.

Egypt's Arab Contractors Company (ACC), which re-established a Libyan branch in July, says it has bid for projects totalling $1bn (LD1.3bn) in Libya.

The head of a Pakistani commercial union says that companies have been approached by firms seeking subcontracting work on engineering and construction projects in Libya.

The Ministry of Housing and Utilities says it is preparing a new housing policy proposal to be submitted for approval, and plans to build 50,000 new dwellings over the coming 6-18 months.