With only four days left until the elections, everyone is on tenterhooks.
The last elections were held in 1964. The opportunity to vote was something that most citizens never thought they would be granted, but that day has finally come. The elections are to be monitored by the Carter Center, who are sending out observation teams to help with a transparent electoral process.
The business situation in Libya seems to have stagnated, but this is in part due to the decision by foreign investors to wait until after the elections before investing. They want the nation’s volatile political situation and government to stabilize in order to minimise risk.
But the Libyans have been working hard. Misrata is to be turned into an international hub port; taking in the bulk of the cargo before distributing it to smaller ports across the Mediterranean. In the first five months of 2012, turnover has trebled to 9.4 million Libyan Dinars ($7.5m).Another area which is expected to gain significant growth is the property sector. Frontier predicts grade A commercial property space in Tripoli will increase more than ninefold by 2015 from the current level of just under 100,000 square metres of gross leasable area.
