Panta Lesco awarded €15 million project in Libya
Panta Contracting Overseas Ltd, one of the six subsidiary companies created under the Panta Lesco Ltd umbrella, has been awarded a €15 million project for the World Islamic Call Society’s entertainment centre in Gurgi, Libya.
This project, which boasts a massive total area of 250,000 square metres, equivalent to eight football pitches, is one of Panta Lesco’s largest projects to date.
After completion, the World Islamic Call Society will offer a commercial centre with offices and clinics as well as a small hotel. Panta Lesco is currently in process of catering to the building’s extensive mechanical and electrical equipment requirements and installations.
The project requires a vast amount of materials due to its large dimension including 52,000 square meters of polyurethane ductwork, equivalent to four years of duct panels used in Panta Contracting projects in Malta and 51 kilometers of piping for chilled water, fire-fighting, domestic water, soil and rain water systems.
Panta Contracting Overseas Ltd was set up as an overseas arm of Malta-based subsidiary company, Panta Contracting Ltd in 2005. This Libyan-registered company has since been involved in a number of large landmark buildings such as the BAB Africa Corinthia Hotel in Tripoli and the luxury Palm City Residential Complex in Janzour.
Panta Contracting Ltd is a prominent company based in Malta that has been involved in a number of renowned local projects since its inception in 1993. Through this companies, Panta Lesco Group of Companies have built a strong reputation for their engineered mechanical, electrical, HVAC and plumbing installations and have been instrumental in ensuring that a substantial amount of large scale developments in Malta come to completion including the Bank of Valletta International offices, the HSBC Operations Centre and Golden Sands Resort & Spa.
“The awarding and completion of each client project is an important milestone for the company, offering new experiences and the opportunity to develop our expertise. This particular project in Tripoli has been of great significance to the company since it is one of the largest projects we have been involved in,” Henry Attard, chairman of the Panta Lesco Group said.
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Godwin Caruana
Sep 2nd 2010, 18:56
Congratulations to all at Panta. Well done to all the team for the hard work put in to achieve this important goal.
Alex Ellul
Sep 2nd 2010, 16:55
Prosit panta. Wish you more success in the future, for your own shareholders', workers' and also our national well being. But something else crops into my mind; That oil under our part of the med just outside Libya's area. When will it start coming up? For us Maltese citizens I mean, not for Gaddafi's. That will help a lot especially for our energy hungry island. We cannot get gas because its far away from both continents, Africa and Europe, coal is out of the question and oil is expensive. But if it is our own oil, then i would afford to switchon my airconditioner, please.
Eric Psaila
Sep 2nd 2010, 13:18
congratulations to Pantalesco Ltd. However be careful. Just check how much money Air Malta has in Libya which cannot be repatriated. What is the use of selling and your money is blocked in the country you made the sale in?
Joe Xuereb
Sep 2nd 2010, 13:10
1)Libya, like Saudia Arabia, Iran, etc. is very adept at sending its brainy to study abroad (even to Malta if I am not mistaken). Hence the building of a huge mosque in Paola to accommodate such students that many years ago. It even invites foreigners to its terrain to teach English. I have friends who teach English in Libya. They're paid handsomely but it's worth the discomfort. Money talks.
Given all this, with all it's highly qualified home-grown architects, designers, etc., why is Libya tendering this huge project to a foreign firm? I smell a tactical rat.
Libya, like Saudia Arabia, Iran, etc. is very good at sending its brains to study abroad (even to Malta if I am not mistaken). As long as it's to study mathematics and not western thought (this is in fact true. At the time of the Iranian embassy siege in London, the capital was awash with Iranians studying 'anything' as long as it was not Western thought. Many did and they stayed west). It was forbidden. Hence the building of a huge mosque in Paola to accommodate such students that many years ago. It(Libya) even invites foreigners to its terrain to teach English.
continued
Dr. I. X. Gatt
Sep 2nd 2010, 11:48
Well done and congratulations to Pantalesco Ltd, as I am sure the libyans will not be disappointed. Keep up the good work and good name of the company
Albert Mizzi
Sep 2nd 2010, 11:18
well done but thread carefully Panta Lesco in Libya - I am reliably informed that another large Maltese company is still waiting to be paid after 1.5 yrs since fulfillment of its contractual duties in Libya
Marco Cremona
Sep 2nd 2010, 10:50
Congratulations to Panta Lesco. Good to hear that Maltese owned companies are looking for projects and have been successful in securing contracts beyond our shores.
Joe Xuereb
Sep 2nd 2010, 10:36
Congratulations to Panta Lesco Company.
'BAB Africa Corinthia Hotel in Tripoli'. What goes in through the BAB(door) must come out. Let's hope what comes out does not get lost and find its way here in Malta.
Interesting that so much money is spend on an entertainment complex in Libya. I thought they didn't do much intertainment in Libya. Maybe foreigner-baiting in the vast arena? I make no apologies for my extreme cynicism.
Congratulations to Panta Lesco Company. I hope it makes much profit. I hope it brings home the bacon - from Libya? Next project in Saudi Arabia? Maybe? Iran, even? Not Italy surely? They are expert designers and even more expert at constructive constructions that ensure that any money-making stays at home(?). On a papal wing and prayer - take two.
Insomma, a wheeling-and-dealing exercise between two giants north and south, and in between, the mouse that not so much roared, but simpered, begging for crumbs.
gary lusby
Sep 2nd 2010, 13:30
Bring home the bacon !!!,I dont think so................