The Middle East Association will be hosting a Political and Economic Business Briefing on Libya at Bury House on Tuesday 24th July.
Libya is Africa’s second largest oil producer and a major gas producer with a huge potential to develop its economy. The dramatic turn of events in 2011 which led to the overthrow of the Gaddafi regime and the creation of the National Transitional Council should help to create a more transparent Libyan economy which is open to development and diversification.
In addition to oil and gas there continue to be strong opportunities in education and training, construction, infrastructure, banking, legal services, healthcare and IT. All these areas will continue to play an important role in the rebuilding of a new Libya.
Although the economy contracted by 27.9% in 2011, it is estimated that growth will recover to an average of 13.8% a year in 2012-16. The raising of UN sanctions on Libya’s financial reserves and the recovery of its oil production and exports will enable the Libyan private sector to grow and will provide many business opportunities for UK companies.
This business briefing will provide a timely examination of the key political and economic questions facing Libya and will offer frank advice about the practicalities of doing business in Libya.
The briefing schedule is as follows:
- 1630: Registrations
- 1700: Presentations, followed by Q&A
- 1830: Networking Reception
The confirmed speakers are:
- Dr Ranald Spiers- The Middle East Association
- Sir Richard Dalton- Chatham House
- Alex Warren- Frontier MEA
- John Hamilton – Cross Border Information
- Robin Lamb- Libyan British Business Council
- Ralph H. Dando – QPML Limited