Viewpoint
A Vision for a new Libya
It is important to everyone around the world, and for Libya’s leaders to initiate a purposeful process and for all Libyans to become engaged in articulating a vision of what Libya can, and indeed should, become; a new nation founded on laws, tolerance, and inclusion.
Eng. El-Hadi S. Hensher, Minister of Water Resources of Libya
In regards to investments, we set out budget according to the plans and strategies of these institutions that are under our authorities. In this year, a budget of 268 million Libyan dinars was set and divided to the related sectors, 20 million Libyan dinars for ministry’s council, 19 million Libyan dinars for the public body for waste, 37 million Libyan dinars for the public company for water and sewerage and 156 million Libyan dinars for the management responsible for executing and managing the manmade river project.
Abdulnaser Ben Nafaa, Chairman of Libyan Businessmen Council
We should start by talking about the Libyan Businessmen Council which consists of 470 members from all sectors and specialized fields, including health care, education, construction, oil services, aviation and naval sector. This council was established back in 2004, yet it was only activated recently in 2013.
Dr. Ahmed M. Karoud, General Manager of Libyan Stock Market
Only 5% of our economy was in the private sector before. The government is going to set a new law for private companies in Libya, this is expected in May 2013.
Eng. Usama Siala, Minister of Communications and Informatics of Libya
In 2013 we are going to be signing at least 2 major contracts for the modernisation of the two mobile operators. These are the two biggest projects and we also have quite a few other smaller projects. For Libyana, we estimate around 230 to 250 million Libyan dinars of investment and it will be around the same for Almadar.
Autonomous Kurdistan has found itself with a comparative advantage in the telecoms department, with defacto faster Internet connections and consistent mobile service compared to the rest of federal Iraq.
In a region of nearly five million citizens and hundreds of new business operations, banking experts refer to autonomous Kurdistan as “underbanked” and thus see opportunity in opening branches there or creating entirely new banks.
Libya Top Stories
Economic Recovery in Libya
Given recent headlines, no one can now deny that Libya has been undergoing a complex transition that is hampered by the proliferation of armed groups with a multiplicity of political, economic, religious, regional, and ideological goals and objectives.
Habib Mohammed Al-Amin, Minister of Culture and Civil Society of Libya
Libya is recognized for many famous writers and poets, some of them known internationally.
Eng. G.I. Guider, Chairman of the Privatization and Investment Board
The FDI from 2002 until 2010 was near to US$ 6 billion. Investment law no 9 (issued in 2010) is a good law, we have amended certain parts of the law to improve it.
