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Libya
Location: Libya is located in the middle of North Africa, bordering the Mediterranean Sea.
It has sixneighbors: Egypt, Sudan, Chad, Niger, Algeria, and Tunisia. The country's location has enabled Libya to witness many civilizations and became an important caravan trade link between Africa and Europe.
Area: 1,775,500 sq km with a surface comprises coastal plains, plateaus and mountains. The Sahara desert extends deep into the south with its scattered oases and small towns .
Climate : A typical Mediterranean climate along the coast in the northern parts and desert climate in the south. Average temperature is between 15C during winter and 35C during summer time. 2
About Libya Libya welcomes all investors who wish to invest their money and expertise in highly profitable and mutually beneficial projects. Libya provides many exemptions and privileges to all investors, also raw materials, cheap energy, skilled labor, and do not forget Libya's geographical location which is the open door to the African continent and its nearness to Europe. That is just one of so many reasons why entrepreneurs are attracted to invest in Libya.
The Libyan Privatization and Investment Board was established to promote foreign and local investment and provide all the licenses, permits, guarantee all incentives and facilitations to investors in simple procedures through the one-stop shop services office.
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About Libya
What makes Libya an opportunity & challenge?
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The availability of cultural and natural resources
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The strategic geographical location.
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The availability of a high percentage of a young population
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Low priced energy.
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Our objectives About Libya Prepare the investment environment, so that the investor, either local or foreign, can work in a suitable and comfortable environment after 17 February 2011.
Prompt investment opportunities
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Attract foreign capital to invest in Libya either : 1.
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Initiate new projects.
participate in existing ones.
Joint Ventures between local and foreign investors.
Transfer of ownership of public companies to the private sector.
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Our objectives About Libya
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Receive national and foreigner capital investment orders and transfer the ownership of projects completely or partially.
Specify evaluation ways and privatization methods.
Providing the necessary agreements and issuing licenses to raise investment projects of all fields except Oil and Gas.
Coordination with other sectors for preparing the units to be privatized.
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The Package of incentives and exemptions enjoyed by the foreign and local investor for a period of five years:-
Exemption from all customs duties and taxes.
Exemption for five years from all customs duties and import taxes .
Exemption from income taxes from the date of commencement of production and this applies to profits from the investment.
Exemption of goods from export tax.
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Re-exports of capital invested abroad.
Open bank accounts and transfer their net profits and interest.
Leasehold (for a set period of time) of land.
The right to carry losses forward to the subsequent year.
Importation of all the needs and requirements of the project from abroad.
Export project’s products .
Procurement of manpower and foreign expertise for the project and allowing workers to transfer their salaries.
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Nationalization of the project may not be carried out, in any way, except by judgment and must be in return for prompt and fair compensation.
The relevant laws in place to resolve any dispute that may arise with the investor 9
1 -Transportation Sector
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Construction of airports. Management of airports. Handling, Supply and Land services in airports. Construction of highways Construction of subways and railroads. Construction, improvement, and operation of seaports with a local company.
2- Health Sector:
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Construction of hospitals.
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Laboratories and analysis and diagnosis centers.
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Manufacture of Drugs. Manufacture of medical· equipment. 10
3- Education Sector:
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Establishment of: Universities & high institutes. Vocational training centers. Schools and international institutes.
Those institutions must have their curricula and examination procedures approved by the Ministry of Education in Libya.
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4- Industry Sector: Cement Sanitary materials Electrical Household appliances Plastics Leather Food Mechanical Chemical Manufacture and maintenance of marine fishing equipment Manufacture of educational items Iron and steel Recycling Solar and renewable energy 12
5- Agricultural Sector:
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Cultivation of farm crops.
Cultivation of fodders. Operation of poultry farms. 6- Maritime Wealth Sector:
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Aquaculture.
Fish canning. 7 - Tourism Sector:
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Hotels, tourist resorts and villages. Construction of yacht marinas. Construction of leisure utilities. Construction of tourist houses and flats.
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8- Public Utilities Sector: Construction of residential flats and houses.
Construction and development of household gas network. Water desalination plants. Waste water purification and sewage plant. Recycling factories. 13
Achievements from 2000 to the first quarter of 2010
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Privatized Units
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Investment Projects 14
Privatized Units Food Industries Metal, engineering and electrical industries Animal and marine production Chemical industries Services Leather industries Spinning and weaving Furniture industry Building materials industry Paper industry 20 22 18 13 14 7 5 6 5 1 15
Privatized Units Food Industries Metal and engineering industries and electrical Animal production and marine Chemical industries Services Leather Industries Spinning and weaving Furniture industry Building materials industry 6% 5% 5% 5% 1% 20% 13% 17% 13% 15% 16
Investment Units
1. Entered Operation (177)Project 2. Under Performing and Implementation (142)Project
19 631 181 978 3 539 490 183 17
Real Estate Services Tourism Health Industry Agriculture 18
Until 31-03-2010 19
3033 3943 18361 Local Manpower Foreign Manpower 15990 6563 9446 1340 963 306 2946 886 199 20
4 330 640 471 424 023 196 265 935 141 8 087 902 788 21
Asia
Malta UAE Saudi Arabia Qatar Kwiet Korea Jordon Japan Iraqu Iran India Chaina Bahrain Baham 3 796 807 26 097 999 2 973 328 127 173 001 2 281 468 4 800 000 6 692 483 9 873 500 4 982 836 141 949 969 4 339 999 3 553 000 1 029 639 000 2 962 487 081
4 330 640 471 424 023 196 265 935 141 8 087 902 788 22
Africa Asia
Mauritius Tunisia South Africa Egypt Libya-Foreign 28 192 361 Morocco 4 477 300 Centre Africa 136 051 38 257 001 35 476 271 110 984 212 206 500 000
4 330 640 471 424 023 196 265 935 141 8 087 902 788 23
North & South America
Panama
Africa Asia
50 748 688 America 211 199 999
4 330 640 471 424 023 196 265 935 141 8 087 902 788
canada 3 986 454
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Europe North & South America Italy Angela Island Britain Netherlands Malta Turkey Switzerland Cyprus France Germany Spain Norway Greece Pyelorussia Ukraine Bosnia Austria Belgium Slovakia 879 622 746 643 655 847 533 735 108 140 455 379 104 834 155 67 897 149 32 834 923 20 321 971 19 768 740 15 600 000 12 343 775 10 322 399 9 069 743 5 594 401 2 184 373 1 819 244 629 200 4 330 640 471 Africa 2 112 500 000 Asia 3 474 713 635 424 023 196 265 935 141 8 087 902 788 25
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