Archive | Construction & Engineering

S. Korea to send more water engineers to Libya this month

A second batch of South Korean water engineers will leave for Libya later this month to help the war-torn nation restore its water supply services, a Seoul official said Friday. Water is still in short supply and security conditions in Libya have not fully stabilized although the country’s nine-month civil war ended last month with […]

Arab Spring may turn page in Egypt-Libya economic relations

Can revolutions succeed where decades-old dictatorial systems failed, and usher in stable, mutually beneficial economic relations between Egypt and Libya? The coming months may bring the answer.  Last month’s visit to Cairo by the chairman of Libya’s National Transitional Council, Mustafa Abdul Jalil, came just days after he declared his country liberated, and opened what […]

Libya Explores Fund to Channel Investment Tied to Security Deals

Libya is considering the creation of funds to manage investment in infrastructure pledged by defense and security companies to win government contracts, according to consultancy Blenheim Capital Services Ltd. Blenheim has held initial talks with Libya’s interim National Transitional Council with a view to being taken on as an adviser to help set up the […]

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Solar and Wind Energy Projects Planned in Libya

A German led initiative envisioned building EUR 400 billion vast networks of solar and winding farms across North Africa and the Middle East to provide 15% of Europe’s electricity supply by 2050. Against this backdrop, Morocco has been chosen as the first location for the project. The Desertec Industrial Initiative, a coalition of companies including E.ON, […]

Uncertain Libyan prospects

Some Egyptian contracting companies perceive the current Libyan market as the lifeline that will save them from the deep economic recession. The January revolution and associated instabilities caused by a security breakdown and labour protests have taken their toll on many activities, which in turn slowed economic growth rates down. However, Egyptian companies are not […]

Libya rush should start urgently, minister says

Turkish construction companies should rush back to Libya, their one-time top market, as the government is ready to support them, according to Economy Minister Zafer Çağlayan. “Our businessmen demand a special customs permit to take their machinery and equipment to Libya,” the minister said during a press meeting yesterday in Tripoli with his Libyan counterpart. […]

West sees business opportunities in Libya

The guns in Libya have barely quieted, and NATO’s military assistance to the rebellion that toppled Moammar Gadhafi will not end officially until Monday. But a new invasion force is already plotting its own landing on the shores of Tripoli. Western security, construction and infrastructure companies that see profit-making opportunities receding in Iraq and Afghanistan […]