Doing business in Libya: Benefits and Privileges for Investors
There is a lot of demand for the investment within the free zone, mainly because of the benefits and privileges that Misurata Free Zone has to offer.
imported 2024-03-17 17:43:06
There is a lot of demand for the investment within the free zone, mainly because of the benefits and privileges that Misurata Free Zone has to offer.
Chairman of JOTUN Abdel Menem Abdel Aziz talks about doing business in Libya. He believes that the security worries are largely over-exaggerated and Libya is relatively safe for doing business. Clearly, the benefits outweigh the risks.
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.
Apart from the security issues, Khalil Masoud Mahfud, Chairman of the Board of Directors of Tripoli Chamber of Commerce, Industry and Agriculture, discusses some of the major challenges when doing business in Libya.
Mona Almoayyed, Managing Director of Y. K. Almoayyed & Sons
Women and men in Bahrain are paid the same wages; there is no differentiation according to the labor law. On the other hand, for women there are lots of privileges. For example, for maternity with the new labor law it is 60 rather than 45 days.
Fawzi Ahmed Kanoo, Deputy Chairman of Yusuf Bin Ahmed Kanoo
Today, we have about 6,000 people working for us Gulf-wide and about 700 people in Bahrain. We have seen the first two months of the year as encouraging and even though in January business is normally down we have seen encouraging results. So I personally believe we are on the right track and that we will have a good year in 2013.
Saad Hassan, Vice Chairman of Qaiwan Group of Companies, one of the major diversified companies headquartered in Sulaymaniyah with an annual turnover of US$ 3 bn, talks about the biggest challenge for companies when doing business in Iraq and Iraqi Kurdistan.
Azad Mustafa Hussain, Vice-Chairman of Mass Global Investment Company chalks out the growth of the group that is responsible for 22 hour electricity supply in Iraqi Kurdistan and is the largest power-industrial conglomerate in Iraqi Kurdistan.
Ibrahim Al-Sofy, General & Executive Manager of Al-Sofy Group of Companies talks about Iraqi Kurdistan, the retail and agriculture sector and business environment.
Fidaden Garde, Chairman of Sana group and Member of the Board of the Erbil Chamber of Commerce and Industry discusses the vision for Iraqi Kurdistan.