A SINGAPORE-BASED company said on Friday it has won more than US$1.2 billion (S$1.75 billion) worth of contracts to build commercial and residential developments in Libya.

Sembawang Engineers and Constructors, a wholly owned subsidiary of Indian diversified conglomerate Punj Lloyd Group, said the biggest of the three contracts involves building a resort on the Mediterranean coast next to the domestic airport in Tripoli.

The two other projects involve building high-end residential apartments and a five-star hotel with 150 rooms. -- AFP