Tag Archives | Foreign Direct Investment (FDI)

Investment Resumes in Libya

As central Tripoli comes under greater threat of devastation, other parts of the country appear to be attracting investment. Misrata, once known internationally for suffering a protracted siege in 2011 by Colonel Mu’ammar Qadhafi’s regime, is once again a bustling commercial centre. While Benghazi which, in the eyes of the US since 2012 has become […]

NOC Ends Foreign Investment Moratorium

The chairman of Libya’s National Oil Corporation (NOC), Mustafa Sanalla, has announced plans to allow foreign oil companies to invest again in Libyan oil production: “We intend in the coming months to lift our self-imposed moratorium since 2011 on foreign investment in new projects to achieve the best national interest for the Libyan oil sector […]

Concerns over Proposed Law on Foreign Firms

London's Financial Times reports that lawyers are concerned that a draft law governing foreign companies in Libya is more restrictive than under the previous regime. The law, which requires approval by parliament, keeps the limit for foreign ownership at 49 per cent – a change brought in 2012 – compared with the 65 per cent […]

Dates Announced for FDI Conference

Pace Group has announced that the FDI Libya 2013 conference will take place in London from 17th to 18th September. The event will examine how foreign direct investment (FDI) can play a role in a range of sectors. Day One will focus on economic diversification and opportunities for investment, as well as Libya’s energy sector […]

Libyan Conference in London Postponed

Libya Herald reports that the FDI conference due to take place in London on 29-30 May has been postponed because of the current political crisis in the country. The organisers of the event released the following statement from the Ministry of Economics: “We commend your international efforts in preparing for a conducive and encouraging investment […]

Magarief Appeals to Libyan People

President Mohammed Magariaf [Magarief] (pictured) has said that the "first proof" of Libya not being safe is the foreign companies not wanting to come to the country. He added that it’s the responsibility of all the people, not just the government, to keep the country safe and secure. Bloomberg suggests that the choice of Benghazi […]