Libya Herald reports that Libya is expected to invest $140 billion in projects over the next ten years.
Among the areas earmarked for development are:
- A programme by the General Electric Company of Libya (GECOL) to increase capacity from about 13,000 MW in 2012 to 19,000-20,000 MW by 2020;
- A $2.5-billion upgrade of the state’s busiest airports, which aims to expand capacity to about 28 million passengers a year from an estimated 5 million;
- The provision of 200,000 new homes, with supporting infrastructure, in the next seven years. The government estimates that the country will face a housing shortfall of 500,000 units by 2020.
(Source: Libya Herald)