Libya

Panorama général

The FDI inflows registered by UNCTAD, zero in 2011 but higher than €1 billion in 2012, settles down again in 2013 reducing by half, a sign of the lack of improvement in the political and security situation in Libya in 2013. The new draft law on companies and that of the free-trade area with Turkey have been unable to be enacted in this turbulent environment.

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Investors nevertheless continue to bet on positive changes in this country offering immense economic potential: the investment intentions detected by the ANIMA-MIPO observatory in 2013 increased in amount, even if the numbers of FDI projects and partnerships stalled, with only 5 investment announcements - as few as in 2011. 
The sectors that are fuelling investors' greed, in spite of these difficult conditions, are always hydrocarbon production (with announcements from the Russian Tatneft and the French Total), construction and infrastructure (opening of a subsidiary of the Egyptian real estate group Housing and Development Bank and the construction of a steel mill by Dana Gas from the United Arab Emirates) but also health services, such as the British IHG, which has signed an agreement with the Ministry of Health for the design, construction and management of nine hospitals across the country. Partnerships concluded in 2013 mostly concern the opening up of air links and, to a lesser extent, the opening of brand franchises (textiles, furnishings) and a shopping centre. 
 
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DOCUMENTS

Foreign investment: slight withdraw in 2016 in MED countries, though previsions remain optimistic

Low economic growth and important political risks perceived by companies: The flows of foreign direct investment (FDI) have lowered by 5% in 2016 in all of the MED countries, after a great leap forward in 2015 (+25%).

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THE NEXT SOCIETY and EDILE presentation

THE NEXT SOCIETY and EDILE initiatives, both implemented by ANIMA and its partners, were presented during the 17th meeting of the Mediterranean Commission on Sustainable Development (MCSD), associated with the Mediterranean Action Plan (MAP) of the United Nations Environment Programme (UNEP). The MCSD acknowledged them as good practices for sustainable development in the Mediterranean.

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