Archive | Construction & Engineering

Profile: Libyan fighter eyes return to business

Twenty-one year-old Khaled Abd al-Khalq likes to think the new Libya will be fairer than the old one. “Before, especially in construction, the businessmen with connections to the people around Gaddafi dominated the industry and made sure they had the biggest share of the cake,” Abd al-Khalq said. “Now the country is changing. We hope […]

Lord Green: British business needs to be active and persistent in Libya

Minister for Trade and Investment Lord Green has advised UK firms to take a considered, strategic and active approach when it comes to doing business in Libya. He was speaking in London on Wednesday to over 500 businesses, largely small and medium-sized, at a conference on Rebuilding Libya. It was the third conference involving UK […]

Opportunity: Libya

Following the ousting of Colonel Muammar Gaddafi, oil production has resumed – and rapidly. Libya’s re-entry into the world oil market has recommenced in an astonishing way, exceeding expectation, and causing experts to re-assess Libya’s capabilities. Opinions vary on the final trajectory, but the pace at which Libya is getting back on track is indisputable. […]

Turkish construction firms speed up Libyan reconstruction effort

Turkey is working to make good on its pledges for Libya’s reconstruction as the government plans to build a new physiotherapy clinic, the Anatolia news agency reported Monday. The new clinic will be built in Misrata, as promised by Turkish Prime Minister Recep Tayyip Erdoğan during a visit last September. Representatives from Turkish construction companies […]

Bangladesh’s Libya evacuees keen to get back to work

Some 37,000 Bangladeshi migrant workers were evacuated from Libya, mostly by the International Organisation for Migration or their employers, when foreign companies shut up shop as fighting erupted earlier this year. Before war broke out, tens of thousands of Bangladeshi contract workers were based in Libya, working mostly for large Korean companies on oil or […]

Qatari Investments in Libya accounting for around USD 10 billion

Before the collapse of the Libyan regime led by Gaddafi, several Libyan-Qatari agreements were concluded covering common investments that exceed USD 10 billion. After the National Transitional Council (NTC) took power in Libya, the Qatari Government started to observe cautiously, like all the other countries that supported the NTC, the size of its projects and […]

Railway Still Seeking Middle East Projects

Russian Railways is seeking to enter into new projects in the Middle East, despite the losses it has faced in restive Libya, Vladimir Yakunin, chief executive of the state-run monopoly, said Saturday. “We are seeking the possibility to penetrate into the international market of infrastructure construction. … Our first attempt in Libya seemed to be not very exciting … but we continue this policy,” he said. Yakunin, […]