imported 2024-03-17 17:43:07
Dr. Elhusain Benahmida, Chairman and General Manager of Misurata Free Zone
Misurata Free Zone is a company with a capital of 600 million Libyan Dinars. The economical area is divided into two sections stretching over an area of 3,500 hectares.
Volkan Vural, General Manager of Radisson Blu Al Mahary Hotel
Radisson Blu is planning on opening one more hotel in Libya. The group would like to grow and open new properties in Libya as they strongly believe in Libya. Their business is show business and instead of property Radisson Blu Al Mahary Hotel in Tripoli focuses on services. Mr Vulkan reveals Tripoli will certainly need more hotels in 2 or 3 years.
Bashir M. Elmadani, Managing Director of Libyan African Investment Company (LAICO)
LAICO at the present is well-known in Africa, because we are participating in over 21 countries in Africa. Our investments are mainly in the real estate and tourism sectors. The total of our current investments is approximately US $1.2 billion.
BSIC Bank (Banque Sahelo Saharienne Pour l`Investissement et le Commerce)
BSIC Bank is a regional bank in Africa and it has 14 affiliates in different countries in Africa. Four of them are Anglophone-Arabic affiliates and 10 are Francophone affiliates. The main currency of the bank is Euro. The authorised capital is about 750 million Euro. BSIC Bank is preparing to change its strategy and consolidate its commercial affiliates and start to do development banking through the head office.
“We are ready to provide whatever investors are looking for. The economical area is located in a city that enjoys all the economical advantages which attract investors, especially when it comes to Misrata’s location and potential,” explains Dr. Elhusain Benahmida from Misurata Free Zone.
Misurata Free Zone is comprised of two main sites that together cover an area of 3,539 hectares, which can be possibly expanded by another 20,000 Ha.
Jamal A. El-Ghirani, Investment General Manager at Misurata Free Zone, talks about safety at Misurata Free Zone.
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.
Khaled Ben Alewa, CEO of Libyan Airlines
After the revolution and in fact during the revolution, the delivery of aircraft was postponed and we had to reschedule. Libyan Airlines are increasing their capacity with 3 A320s and 2 A330, thereby expanding their overall network. The Airlines are now flying to London, Manchester, Madrid and Malta while they are still oblidged to use leased aircraft. The company might also expand their routes to places further than Dubai in the eastern area. Once Libyan Airlines successfully adopted European safety requirements, the lifting of the EU ban should follow suit – probably by the end of 2013.
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.
