The Energy Cities Development Company (ECDCo) was established in 2010 as a holding company to oversee the implementation and development of the Energy Cities at Al Brega and Ras Lanuf and to serve as an investor in major infrastructure and urban projects. ECDCo has taken over the responsibility for the Energy Cities Master Plan implementation from the Economic and Social Development Fund.
ECDCo is one of the new investment vehicles set up by the Libyan Local Investment and Development Fund, a subsidiary of the Libyan Central Bank, to help develop the country's energy industry.