Competitiveness of Industry in Libya

Suleiman Ali Al-Taif Al-Fitur, Libyan Minister of Industry, answers the question about competitiveness of Libyan industry. According to the minister, “Libya can be a great competitor in heavy industries, we have the example of the Misurata steel industry, we are competitive in cement, petrochemicals, refining, and power generation, for example solar and wind energy.”

“Energy and labor are very cheap in Libya, there are mines for marble and some precious stones, we also have sand silica in a high purity, and we have some salt lakes which are a source of many minerals,” adds Al-Fitur.

“These are the points for competitiveness, principally the availability of resources. Shortly we will announce the investment map which will facilitate the investors in seeing where there are opportunities. It will guide the investors to know the availability of these raw materials, the services, roads, electricity etc. The map will facilitate the investors a great deal and will mean they won’t necessarily have to come here physically and look for guidance and answers to their questions,” concludes Al-Fitur.