In a company announcement issued last Sunday, Mediterranean Investments Holding, the owner of Palm City, said the site is now gearing to receive an influx of business after the past difficult times.

The announcement said: “Throughout the past six months since the unrest began in Libya, Mediterranean Investments Holding has remained totally committed to its investments in Tripoli with operations continuing at Palm City Residences, albeit at a significantly reduced occupancy.”

Palm City has been managed by a nucleus of executives of whom MIH is very much proud for their courage and commitment during these challenging times.

The past couple of weeks have been most demanding, but thanks to the strong team on the ground, Palm City Residences remained open and operating regardless of the difficulties encountered without shutting for even a single day.

A further group of executives and other employees made their way to Tripoli on Tuesday 30 August to assist the team on the ground.

MIH is pleased to report that Palm City Residences have been very adequately secured and, as additional employees are starting to report back to work, operations are in full swing in preparation for the influx of business that is expected in the coming weeks and months ahead.

A number of Palm City tenants, in addition to multinational corporations, have already made contact with the management team in Tripoli, indicating that they are prepared to return to Tripoli shortly, while new clients are requesting to lease units with immediate effect.

MIH’s strong team in Tripoli is supported from Corinthia’s head offices in Malta with a team of people assisting in logistics, manpower and supplies.

The shareholders would like to thank its dedicated people on the ground in Tripoli for their resilience and commitment shown throughout this challenging period.