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Pik Up Your Order Now
Doing
business in Libya
News from Libya is good and
the Libyan market is possibly more interesting than ever before. The
country has much untapped potential, especially in oil and gas.
Government measures have transformed Libya’s reputation and position
on the world stage. Developments such as the end of UN sanctions and
Libya’s decision to get rid of weapons of mass destruction have
removed obstacles to business and created highly favourable
conditions for accessing a country in the beginning stages of a
potential boom.
US companies may be
permitted by Washington to return in the near future; in the
meantime, many European and other world companies are entering the
Libyan market in their absence. With a high GDP and expressed
commitment to economic reform, Libya is a country which provides
rich opportunities for business.
Why is the report of
interest?
Libya’s infrastructure
requires much improvement and offers many possibilities for the
foreign supplier or investor. Libya depends on import of goods and
services of almost every kind. Foreign investors are warmly
welcomed, but there are still relatively few foreign players in the
market, largely because of Libya’s poor international reputation. In
light of the recent developments this is changing fast, and the
country seems ready to reward those who take the risk. For example,
pioneer investors in the tourism industry are being rewarded with
the best opportunities, which include stunning world heritage sites.
The private sector has been legitimised and encouraged. MEC has a
detailed understanding of the conditions in which companies have to
operate and how a company can trade or invest in Libya and take
advantage of all that is on offer. The report can help identify
opportunities in your sector, and show you how to exploit them.
Scope of the report
The report addresses
political developments, oil and gas, banking , electricity,
industry, the Great Man Made River, telecommunications, transport,
tourism, agriculture and food.
MEC and Libya
MEC has unique
expertise on Libya and has been active in organising seminars and
assessments of business opportunities there since 1999. The Chairman
Oliver Miles has advised or led three trade and investment missions
to Libya and is a former British Ambassador in Tripoli. |
