imported 2024-03-17 17:43:08
Abubaker M. Elfortia, General Manager of Afriqiyah Airways
Since the revolution Afriqiyah Airways has received two new Airbus 320 aircrafts and we will get another Airbus 330 in October at the end of this year. Next year we will get another two A330s and we have signed a contract with the airports for ten A350 aircrafts.
Mohamed Alhanghri, Member of Libyan Businessmen Council
The Libyan Businessmen Council covers many industrial, commercial and production fields, this council is open for all Libyans who are specialized in the fields of trading, industry and services.
Dr. Nuri A. Berruien, Chairman of the Board, National Oil Corporation (NOC) of Libya
Libya has two large refineries and it needs to improve the performance of these to decrease the gasoline imports, which currently stand at 80% of the overall oil consumption in Libya. NOC Chairman Dr. Beruuien anticipates there will be three big refineries built in Libya, however it will be the private sector that will play a major role in these investments. 1955 petroleum law of Libya is being revised and NOC is also reviewing their EPSA models to encourage investment in Libya. NOC hopes for an oil production of 1.7 million barrels per day by the end of 2013 while the operating costs remain very low – close to US $5.5 per barrel. Dr. Berruien expects more oil discoveries in Libya as many areas have not been fully explored yet.
Suleiman Ali Al-Taif Al-Fitur, Minister of Industry of Libya
Regarding our plan for industry, the Ministry of Industry has a vision that is to focus on the industrial opportunities in mining in order to raise the country’s GDP; by 2030 we want to increase our contribution to Libyan GDP to 30%.
Ahmed I. Rajab, General Manager of Jumhouria Bank, the largest bank in Libya
Jumhouria Bank is the largest bank in Libya and was the result of a merger between Al Ummah Bank and Jumhouria Bank. Now we have a total capital of about 1 billion Libyan dinar and total assets for 2012 of 33 billion Libyan dinar on the balance sheet and 12 billion dinar off the balance sheet for a total of about 44 billion Libyan dinar.
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.
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.
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.
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.
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.
