Investing in the Post-Gaddafi Era: LAFICO’s Investment Strategy

Khaled Amr Algonsel, Managing Director of LAFICO, talks about the return on investment and investment strategy for LAFICO.

According to Algonsel, the strategy is to maintain successful portfolio. “We will use the best practices in regard to maintaining and managing this portfolio. We will cooperate with international firms who will help us to restructure our portfolio and to exit some unsuccessful investments. LAFICO has been a profitable company ever since it was established and our aim is to continue to generate and increase our profit despite the difficult circumstances of the international economy right now. Our target is to achieve a 5% increase in profits for next year. We have the opportunity to invest in other countries through our subsidiaries such as Corinthia Group and our holding company in Egypt. There are many opportunities to enlarge our portfolio in these countries. We aim to increase cooperation with our partners in order to explore more investment opportunities here in Libya. These are all factors that are helping this company to expand its portfolio and increase its profit,” he says.

About the macro-picture Algonsel expects some recovery in terms of our investments, especially in real estate.

He says: “We expect the international economy to recover. There is a good demand for real estate, especially with regard to our investments in London and Egypt. We will use our experience in these markets to increase our investments for Libya. There are a lot of opportunities for our national economy. Libya needs more investment from international and national entities. We hope that Libya will become a transparent country. We will encourage our international partners to come here and invest in Libya. We are very optimistic about the economy here in Libya.”