History Matters


We are proud of our unique history – we are supported by two main shareholders who have sound economic means to support the execution of projects of a certain size and their combined expertise are paramount in our quest to partake in the ambitious projects that are set to change the skyline and way of life in the various locations we will be developing projects. At the heart of our strategy is the added value that we seek to inject into the economies and societies with whom we are involved. 

The Corinthia Group, apart from holding a 50% shareholding in MIH provides it with a track record of successes in the following areas:

  • It is undeniably one of the most successful achievers in Libya over the last 30 years;
  • It has built a strong affinity and is held in high esteem by Government and Libyan Business Officials;
  • It has an in-depth knowledge of the market and the intricacies of doing business in Libya; and
  • It has a distinct competence in project management both in Libya and overseas

NREC, the holder of the remaining 50% share in MIH, brings with it a number of competences that include:

  • Expertise in developing and managing large retail malls; and
  • A distinct competence in operating Logistics centres for the servicing of retail and wholesale operators in 450 locations worldwide.