Opportunities in Libya

Libya has not only oil and gas but also a very long history. For more than 4000 years, a lot of cultures different forms appeared in this country.Because of the strategic geographical position of Libya, since antiquity, there war several different worldwide potency which conquered the country. This is Libya, a land of mystery, heritage, and a thousand delightful surprises. And it is waiting to be discovered.

The successes of German and European enterprises established in Libya in recent years demonstrate excellent business opportunities. Libya is financially solid and requires large needs of investment. After years of political isolation that kept Libya away from western markets, Libya is undergoing a period of reconstruction. The speed of economic reforms has been accelerated. Any firm able to face this cultural aptitude and be able to offer technologies and know how, is able to conclude contracts with Libya markets that are currently less distributed, however, these markets represent one the most solvable sale markets in the world. The normalization of political relations with the west since 2004 and the progressive opening of the market have been fruitful. The state has markedly increased its hard currency reserves and may rely on these reserves for a long period of time.

Entry to the Libyan Market

Every experienced entrepreneur who intends to maintain durable commercial relations in the Arab world knows that personal relations are the key to success in the country. A local presence creates the base in order to develop a network of confidence.

To enter the Libyan market, foreign firms; according to the business Laws in Libya have the possibility to establish:

* A representation office
* A branch dependent on the main firm
* Association with a Libyan partner.

Growing sectors

The Libyan economy greatly needs equipments and technologies. More precisely, there are these investment sectors:

* Oil and gas Services
* Oil refining
* Petrochemical
* Water Management (desalination plants, and sewage treatment)
* Energy supplies
* Transport
* Mechanical construction
* Heavy industries with steel and cement
* Construction/ civil engineering
* Public health, medical techniques
* Education and training
* Engineering consulting
* Information technology
* Tourism
* Food processing