Foreign investment and Business opportunities for US Companies in Libya.

United States Department of State - Libya

DEPARTMENT OF STATE
[Public Notice 5464]
Rescission of Determination
Regarding Libya
In accordance with section 6(j) of the
Export Administration Act of 1979 (50
U.S.C. App. 2405(j)), and as continued
in effect by Executive Order 13222 of
August 17, 2001, I hereby rescind the
Determination of December 29, 1979
regarding Libya (Public Notice 1264).
This action is based upon the
considerations contained in the
memorandum accompanying
Presidential Determination No. 2006–14
of May 12, 2006, [71 FR 31909]
This rescission shall also satisfy the
provisions of section 620A(c) of the
Foreign Assistance Act of 1961, Public
Law 87–195, as amended (22 U.S.C.
2371(c)), and section 40(f) of the Arms
Export Control Act, Public Law 90–629,
as amended (22 U.S.C. 2780(f)).
Dated: June 30, 2006.
Condoleezza Rice,
Secretary of State, Department of State.
[FR Doc. E6–11046 Filed 7–12–06; 8:45 am]

September, 2008 US Secretary of State Condoleezza Rice's visit to Tripoli, Libya on September 4, and the settlement of outstanding US and Libyan compensation claims, clears the way for more US firms to enter the Libyan market. Interest from foreign investors and businesses in opportunities in Libya is as high as ever.

The Libyan economy is driven by the oil and gas sector accounting for 95% of the country’s export revenues. Economic reform is a top priority for the Libyan government, despite the complexities of Libya policy-makers.

Opportunities exist for US Companies in a wide range of sectors including:

Oil and Gas Services
Refining
Transport
Engineering Services

Construction - Housing – 70,000 units per year.

Road and Bridge construction, including 1400 miles of road upgrades.

Seaports Modernization

Construction of schools and hospitals

Tourism – growth in hotel construction is forecast to increase the number of beds to 10,000 by 2010 as part of a US$7 billion tourist development plan.

Airports Construction – a new terminal at Tripoli International Airport and the construction of a new airport in Benghazi are a priority

Power and electricity – the power sector is set to double in terms of output from 4,700MW to 9,700MW within the next five years at a projected cost of US$7.5 billion
Desalination and Water Treatment –

Water and sewerage projects – US$6 billion has been allocated to waste water systems and management.

Information Technology
Education and Training
Manufacturing
Tourism
Consulting
Medical Technology and Training
Agriculture
Safety and Security Equipment including Fire Safety

US Export Council 2008

The US Export Council provides assistance to American firms seeking access to international export markets in the Gulf States, Middle East and http://www.usexportcouncil.com/