Despite localised incidents, business in Libya is gathering momentum as the country looks to appoint a new President and work on a new constitution. The UK's Middle East Association (MEA) will be leading a trade mission to Tripoli from 6th - 10th October.
The MEA will be leading its fourth trade mission to Tripoli in nine months, and may include a trip to Misrata, as appetite from UK companies looking into the Libyan market grows. This mission will look to connect UK business to decision-makers and appropriate counter-parts in Libya.
Libya holds the largest proven oil reserves on the African continent, and production has made a substantial recovery since the fall of the Gaddafi regime. By the middle of 2012 production reached 1.4 million bpd. Libya has proven natural gas reserves of 52.8 tcf. The new government will be seeking to increase oil production to pre-revolution levels and to improve the downstream sector.
Opportunities for British companies are available across all sectors, in both public and private capacities. Libya is moving towards drafting a constitution, which will pave the way towards a stronger government and lead to a greater ease of business. UK companies are advised that it is never too early to establish relationships with relevant counterparts as these will pay dividends in the long-run. UK products and services are held in high esteem in Libya and the English language is the preferred second language for retraining.
We therefore invite you to register for this MEA Trade Mission to Libya which is an unparalleled way of assessing the market and gaining direct access to decision makers and commercial leaders as well as meeting potential clients and business partners.
The MEA will also be leading an additional trade mission to Libya from 24th-28th November.