Why you should do business in Libya
Libya has begun to offer fantastic business opportunities with many rewards to be reaped. With nearly every sector in the country requiring investment, from tourism to technology, infrastructure to education, Libya is certainly the right country for businesses wanting to gain exposure and financial reward. The country is ready for any kind of investment and business and the time is now if you want to get your business off to a booming start.
Recently, many foreign companies have been sourcing Libya’s business environment and sectors such as construction, oil and security are beginning to take off. If you do wish to conduct business in the country, you will be required to obtain a business visa. It’s a good idea to hire a reputable hosting company who can help you with the visa and get you on your way to investing with success.
Libya is a country with deep pockets and limitless opportunities and a number of foreign investors from the likes of France, Italy and Britain are already enjoying strong partnerships and essential relationships with Libyan partners.
With the new Libya being considered almost as virgin territory for investors, the potential profits are massive. Investment is needed in everything from services to schools to housing and it has been reported that the country is likely to offer an impressive US$ 200 billion in investment opportunities over the next 10 years. Being home to Africa’s largest oil reserves, the country does have plenty of money to spend towards reconstruction.
Many businesses have been getting in early and reaping the rewards but there is still a vast need for investment. If you’re a bit unsure of conducting business in the country you can hire a “fixer” who will provide on-the-ground intelligence and networking. The fixer can help with securing funds and building relationships. They will pinpoint local conditions and opportunities.
Whichever route you choose to take, doing business in Libya will offer many opportunities.