imported 2024-03-17 17:43:08
Well, the growth in this first quarter was exceptionally good, around 25%, but we don’t think we will have that number over the course of the year. We estimate between 10 and 12%.
A leading IT core applications provider for the banking and insurance sector recorded 14.7% growth in 2014.
Dr Abdulmalik Al Husseini, CEO of ARASCO
Our previous policy to become self-sufficient in wheat resulted in extremely high consumption of available water resources. Subsequently the Government has taken steps to phase out wheat cultivation by 2016.
Suleiman E. Alazzabi, Managing Director of National Commercial Bank (NCB)
National Commercial Bank expects 5 to 10% growth of the Libyan banking sector in 2013/2014. As a part of their strategy, National Commercial Bank plans to establish a financial leasing company that will merge the traditional commercial side with the Islamic one, and an IT company. The Bank’s vision is to be the market leader in terms of transparency, quality and quantity of products. The MD is sure the National Commercial Bank will differentiate from other Libyan banks in terms of services and transparency during 2014/2015.
Mohamed Raied, Chairman of Al-Naseem Food Industries
“Everyone knows it was difficult for 40 years, especially difficult for the private sector in Libya. I had started with a food stuff trade in 1989 on a small scale with one shop in Misrata, then had an ice cream factory in 1993 and first I had only a basic ice cream machine that would produce 2,000 pieces/cups,” recalls Mohamed Raied. Today, Al Naseem is trying to be number one in Libya in producing dairy products.
Khaled Al Bakory, CEO of Privatization and Investment Board (PIB)
Most of companies from all over the world are concentrating on investments in the oil sector of Libya. However, the country has, according to Al Bakory, other attractive investment opportunities, particularly in the health and transportation sector. The aim of Privatization & Investment Board of Libya has been to attract variety of investment projects, including tourism and transportation.
Ahmed Maiteeg, General Manager of Thobacts Hotel and Managing Director of DAA Construction & Engineeringg
Ahmed Maiteeg is a successful Libyan businessman. The main advantage of the company’s hotels in Tripoli is the staff; they are very friendly and kind and they treat people as though they were guests in their own homes. The group focuses on business hospitability and provides excellent services for business travellers to Tripoli. Apart from the hospitability, Mr Maiteeg is also involved in the construction sector in Libya with the construction company DAA Construction & Engineering.
Anas M. Tarsin, General Manager of Al Waddan Hotel Tripoli
Guests at Al Waddan Hotel in Tripoli love the serenity of the hotel. Sitting in the open space of the coffee shop is reminiscent of the old houses of Tripoli. The hotel is a little more exclusive and private, yet still located in the bustling district of Dahra, less than 0.5km from Algeria Square or Martyr Square. Al Waddan is a luxury boutique hotel which pays attention to detail and to the customer, attending to their business and leisure needs.
Khaled Amr Algonsel, Managing Director of LAFICO (Libyan Foreign Investment Company)
LAFICO channels their investment into many countries around the world and it is diversified in many sectors, such as holding companies, real estate companies, agriculture, mining, and even services. LAFICO has invested in over 30 countries around the world; around 9% is located in North Africa, 9% in England, and the rest dispersed around the world. LAFICO is bound to cooperate with international firms who will help the them to restructure their portfolio and to exit some unsuccessful investments. LAFICO has been a profitable company ever since it was established and the aim is to continue this trend.
Husam Abulhul, CEO of LTT (Libya Telecom & Technology)
LTT has set up internet services in areas of the country that didn’t use to have them before; the company is increasing bandwidth and providing improved services. LTT is also trying to balance all their services between all the cities as previously everything was based in Tripoli. The company aims to move forward and satisfy the customers’ demands and increase the internet penetration in Libya.
