Henning Larsen Architects to design the new Central Bank of Libya HQ in Tripoli (2024)

By Bustler Editors|

Wednesday, Apr 23, 2014

Henning Larsen Architects to design the new Central Bank of Libya HQ in Tripoli (1)

Designing the new Central Bank of Libya headquarters is the latest competition win for Henning Larsen Architects. From the invited international competition, Henning Larsen's proposal for the significant national institution symbolizes the timely concept of Libya's direction toward economic stability and independence.

Check out the details below.

Project description:

"By using and re-interpreting specifics of the Libyan nature and culture the new headquarter of the Central Bank of Libya will be a symbol of the new Libya both for the local as well as the global community. We believe that the Central Bank of Libya must project an image of authority, solidity and security. At the same time, the Central Bank of Libya plays a crucial role in Libya’s economic growth, and as such, it should project a forward thinking, dynamic attitude, that grasps opportunities."

Henning Larsen Architects to design the new Central Bank of Libya HQ in Tripoli (2)

"Design concept: The design of the Central Bank of Libya is inspired by Libyan vernacular architecture in terms of sustainable solutions and cultural relevance. Two existing excavations will be used in a similar way that the Berber troglodyte houses were once built. The “pit houses” exploit the stable earth temperature (ca. 18 degrees) and provide shade and ventilation via the atrium, as well as function as water collectors. For the Central Bank of Libya, the larger excavation becomes the social hub of the compound, a shaded oasis not only for the bank and its public activity (operations, education center, restaurant, hotel) but also for the Gurji district. The smaller excavation provides vehicle access to the treasuries."

Henning Larsen Architects to design the new Central Bank of Libya HQ in Tripoli (3)

"The flowing facade of the building expresses the dynamism of the Libyan economy, by expressing the ever changing surface of the desert. The clear shape of the building and its rationalized structure allows for multiple organizations of the plan. The building features 4 cores, one at each corner, which give the structure the necessary rigidity. The plan can therefore divided in 4 modules each with its own service core, which can be combinned easily in larger office groups. In order to create a building that is well rooted in its culture, one must pay particular attention to the landscape and plantation strategy that will surround it."

Henning Larsen Architects to design the new Central Bank of Libya HQ in Tripoli (4)

"The planting strategy for the Central Bank of Libya incorporates building plants such as the palm tree, the tahara, the oleander and the branbakh, as well as others that are climatically relevant. The design for the new Central Bank of Libya is structurally optimized to deliver both robustness and expression. The generally rational grid is the rule, whereas raking column system is used to create the atrium shape. The facade waves are appropriately allocated next to stability cores for increased facade stability."

Henning Larsen Architects to design the new Central Bank of Libya HQ in Tripoli (5)

"Sustainability: The vision has been to design a high quality, flexible, efficient, low-energy and functional facility with a focus on achieving an optimal w0rking environment for the staff of the Central Bank of Libya, visitors and other occupants. With the sun being high and strong all year round, it has been pivotal to incorporate daylight as a parameter for design. At the façade, a horizontal shading system shelters the buildings from excessive solar radiation. The slightly angled atrium lets the sunlight through creating a natural lighting and at the same time prevents overheating in the building. The atrium also creates a cave-like sense of togetherness for the people inside the building.

The key to aesthetic, comfortable and energy-efficient buildings is found in the interaction between architecture and technology. At Henning Larsen Architects, we have made the concept of sustainability tangible by focusing on energy reduction as the primary strategy. We have done this with a belief that focusing on energy can create quality all the way round. The specific gear wheels, agents, have been developed with the objective of creating value for all three aspects of sustainability, that is, economically, socially and environmentally."

Henning Larsen Architects to design the new Central Bank of Libya HQ in Tripoli (6)

Project credits:

Central Bank of Libya, Tripoli, Libya
Client: Central Bank of Libya
Architect: Henning Larsen Architects
Landscape Architect: Henning Larsen Architects
Space Planning: Henning Larsen Architects
Type of Competition: Invited international competition
Gross floor area: 50,000 m2
Team from Henning Larsen Architects: Jacob Kurek (Responsible Partner), Kostas Poulopoulos (Lead Designer), Ewa Bryzek, Minky Mo Simonis, Carmen Sanz Marti
Renders: Christian Schjøll, Kyd Kitchaya, Peter Ravnborg
Sustainability: Erik Holm-Hanssona

Images courtesy of Henning Larsen Architects.

For more Bustler articles about Henning Larsen Architects, click here.

Click the thumbnails below to see more images.

Henning Larsen Architects to design the new Central Bank of Libya HQ in Tripoli (7)

Henning Larsen Architects to design the new Central Bank of Libya HQ in Tripoli (8)

Henning Larsen Architects to design the new Central Bank of Libya HQ in Tripoli (9)

Henning Larsen Architects to design the new Central Bank of Libya HQ in Tripoli (10)

Henning Larsen Architects to design the new Central Bank of Libya HQ in Tripoli (11)

Henning Larsen Architects to design the new Central Bank of Libya HQ in Tripoli (12)

Henning Larsen Architects to design the new Central Bank of Libya HQ in Tripoli (13)

Henning Larsen Architects to design the new Central Bank of Libya HQ in Tripoli (2024)

FAQs

Henning Larsen Architects to design the new Central Bank of Libya HQ in Tripoli? ›

Henning Larsen Architects has won an invited competition to design a new headquarters for the Central Bank of Libya in Tripoli. Inspired by Libyan vernacular architecture, the structure will occupy two existing site excavations.

Who is the owner of the Central Bank of Libya? ›

100% state ownership.

How many banks are there in Libya? ›

The Banks of Libya

There are about ten major banks in Libya: the Central Bank of Libya, the Agricultural Bank, the National Commercial Bank, the Commerce & Development Bank, the Arab Foreign Bank, the Savings and Real Estate Investment Bank, the Sahara Bank, al-Jamahiriya Bank, the Umma Bank, and the Wahda Bank.

Who owns the Libyan Foreign bank? ›

The Central Bank of Libya owns 100% of LFB.

Who owns the 12 central banks? ›

Under the Federal Reserve Act of 1913, each of the 12 regional reserve banks of the Federal Reserve System is owned by its member banks, who originally ponied up the capital to keep them running. The number of capital shares they subscribe to is based upon a percentage of each member bank's capital and surplus.

How rich is Libya now? ›

Worldwide gross domestic product in 2022 was at about 12,703 USD per capita. GDP in Libya, on the other hand, reached USD 6,716 per capita, or 45.75 billion USD for the whole country. Libya is therefore currently ranked 93 of the major economies. Inflation in Libya in 2022 was around 4.51%.

What country has the richest bank? ›

Industrial and Commercial Bank of China (ICBC)

The Industrial and Commercial Bank of China Limited is the largest bank in both the People's Republic of China and the world when considering total assets.

Where does Libya get its money? ›

The economy of Libya depends primarily on revenues from the petroleum sector, which represents over 95% of export earnings and 60% of GDP. These oil revenues and a small population have given Libya one of the highest nominal per capita GDP in Africa. $45.75 billion (nominal, 2023 est.) $273.7 billion (PPP, 2024 est.)

Who is the owner of the Central Bank? ›

The Federal Reserve System is not "owned" by anyone. The Federal Reserve was created in 1913 by the Federal Reserve Act to serve as the nation's central bank. The Board of Governors in Washington, D.C., is an agency of the federal government and reports to and is directly accountable to the Congress.

Who owns the Central World bank? ›

The organizations that make up the World Bank Group are owned by the governments of member nations, which have the ultimate decision-making power within the organizations on all matters, including policy, financial or membership issues.

Who runs the Central Bank? ›

Board of Governors of the Federal Reserve System

The Board of Governors--located in Washington, D.C.--is the governing body of the Federal Reserve System. It is run by seven members, or "governors," who are nominated by the President of the United States and confirmed in their positions by the U.S. Senate.

Who owns First Gulf Libyan bank? ›

It is owned equally by First Abu Dhabi Bank, one of the UAE's leading financial institutions headquartered in Abu Dhabi and Alenmaa For Financial Investment Holding Company (AFIHC) Libya, with 50% shares for each.

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