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World
Investment News is currently in Libya
for the production of an international business report.
Should you be interested in contacting our team, please send an email
in: contact-us,
along with your coordinates and area of interest. |
The Flag of Libya
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Libya
: 50 years of sustainable development
After
almost two decades of political and economic isolation, Libya is
slowly regaining the space that it deserves in the international
scene. Western marginalization of the North African giant has been
left aside for a growing interest in mutual economic cooperation
and political ice-breaking, thanks to a quiet but effective diplomatic
offensive led by Col.
Muammar
al Gadaffi and the tempting benefits of the largest oil reserves
in Africa. Libya publicly gave up any nuclear aspirations in 2003
and Libya's foreign relations today are less contentious.
The Libyan economy depends primarily upon revenues from the oil
sector, which constitute practically all export earnings and about
one-quarter of gross domestic product (GDP).
These
oil revenues and a small population give Libya one of the highest
GDPs per person in Africa and have allowed the Libyan state to provide
an extensive and impressive level of social security, particularly
in the fields of housing and education.
The objective of this report is to portray a different image of
Libya, shunning away from the aggressive and threatening information
news magazines usually offer. Based on interviews with members of
the government and top businesspeople of Libya, we want to showcase
the bustling business life of the Great Jamahiriya. This is a large,
exciting and thriving country, concerned about sustainable development;
always changing and opening to the world thanks to the imaginative
solutions applied to its territory and the attractiveness that entails
its cultural heritage and unbeatable situation.
The following are some of the areas that will be covered:
NEW GOVERNMENT POLICIES
• Changes in the international approach and the challenges
it faces.
• Relations between Libya and the United States.
POLITICS
• Libya as an international partner for western countries.
• The security issue related to international terrorism.
INDUSTRY
• Diversification.
• Challenges: Opening to U.S. companies.
TOURISM
•
Business tourism: Libya as an international conference and congress
center.
• New tourist attractions and developments
FINANCE AND BANKING
• New laws regulations
• Tax system, private finance and new financial tools.
NEW BUSINESS OPPORTUNITIES
• Oil sector
• Foreign investment opportunities.
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