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Decision No. 761 of 2022 Amending Property Boundaries

30-08-2022·مجلس الوزراء·الخارجية
Analysis
Summary

The Council of Ministers amended the boundary descriptions of a property previously allocated under Decision No. 724 of 2022. The site, now bounded by Al-Shatt Road to the north and public property on the other three sides, was redefined per the State Property Authority's request.

Business Implication

This is a narrow technical correction to property boundaries with no direct foreign investment implications. However, it illustrates the fluid nature of state property allocations in Libya, where boundaries and terms can be administratively adjusted post-approval. Foreign entities acquiring or leasing state property should ensure boundary descriptions are surveyed and legally verified before committing capital, as subsequent modifications remain possible.

Key Provisions
Amends boundaries of property allocated under Decision No. 724 of 2022
Site bounded by Al-Shatt Road (north) and public property (east, south, west)
Effective from date of issuance with immediate implementation by competent authorities
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