imported 2024-03-17 17:43:07
Suleiman Ali Al-Taif Al-Fitur, Libyan Minister of Industry, answers the question about competitiveness of Libyan industry. According to the minister, “Libya can be a great competitor in heavy industries, we have the example of the Misurata steel industry, we are competitive in cement, petrochemicals, refining, and power generation, for example solar and wind energy.”
Suleiman Ali Al-Taif Al-Fitur, Libyan Minister of Industry, talks about the role of industry in Libya. According to Al-Fitur, the new Libya recognizes the strategic importance of industry and plans to increase the role of industry in the GDP to 30% by 2030.
Eng. G.I. Guider, Chairman of the Privatization and Investment Board (PIB), discusses the level of FDI in Libya and type of FDI Libya is planning to attract.
Eng. G.I. Guider, Chairman of the Privatization and Investment Board (PIB), discusses the new investment plan for Libya.
Ahmed Rajab, General Manager of Jumhouria Bank, shares his prediction for 2013-2014 banking sector. Jumhouria Bank, the largest bank in Libya, is expected to grow by 15% in 2013-2014.
Ahmed Rajab, General Manager of Jumhouria Bank, talks about money laundering prevention, regulations of the banking sector and safe transfers in Libya.
One of the challenges in the banking sector in Libya is inadequate core banking system. The largest bank in Libya is trying to adopt and implement the latest core banking system to streamline the operations.
One of the main challenges in Libyan banking system is the banking infrastructure. For a country to effectively attract foreign investment and boost domestic economic growth, a sound banking infrastructure is a must.
Abdulla A. Abouda, General Manager of Almadar Aljadid
Almadar is the second mobile operator in Libya and it provides voice services and certain internet services using GPRS and EDGE technology. The operator is preparing for a launch of 3.7G (4G ready) and further network modernisation. The penetration rates are high but the mobile sector is not saturated yet and there is large potential for data. Almadar has already recovered most of the 100 sites affected by the Libyan revolution, yet the past regime remains a challenge – in the form of corporate culture.
Privatization of the banking sector in Libya was limited to Sahara Bank and Wahda Bank – No3 and No4 bank in the country. The head of the largest bank in Libya discusses the outlook for privatization of the banking sector. BNP Paribas assumed 18% of Sahara Bank and Arab Bank, the largest bank in the Arab world assumed 18% of Wahda Bank. The privatization, in Rajab’s opinion, did not go smoothly and the subsequent problems emerged.
