Tag Archives | Reconstruction

Libya Targets Foreign Investors in “Vast” Reconstruction Drive

By John Lee. Libya is reportedly preparing to launch a comprehensive reconstruction program with the support of international organizations including the World Bank. Xinhua quotes Libyan Minister of Planning Taher Al-Juhaimi as saying that the Libyan government is reviewing its five-year development plan by redefining the priorities of some 4,000 projects worth around $100 billion. […]

Outsiders’ Battle to Rebuild Libya is “Fueling Civil War”

By Samuel Ramani, for Foreign Policy. Any opinions expressed here are those of the author and do not necessarily reflect the views of Libya Business News. Outsiders’ Battle to Rebuild Libya Is Fueling the Civil War There In competing for lucrative reconstruction contracts, China, Italy, France, Russia, and others are preventing the conflict from ending. […]

Benghazi Reconstruction could cost $7.3bn

By John Lee. The reconstruction of Benghazi could cost up to LD 10 billion ($7.3 billion), according to a report from Libya Herald. Writing in Al-Wasat, Attiyah Fitouri, of Benghazi University, said he believed that the minimum cost of rebuilding would be LD 5 billion. This would require significant assistance from an already-stretched central government, as […]

Can Dubai be a role model for Libya?

Libya’s first free elections in 60 years will mark a new start for the country’s economy. It is often said that the oil-rich Gulf, especially Dubai, could be a role model for what Libya could become in the future. (Source: BBC News)

Libya should focus on rebuilding efforts

Libya should look at today is how the future of the country is to be built. After decades of brutal dictatorship rule, the Libyan people made a decision that it was time for change to commence in their country. The nation also agreed that the best way forward was to include all factions regardless of their affiliation […]

Libya open to doing business with all international partners, says Libyan Minister

The Libyan Deputy Minister of Higher Education and Scientific Research, H.E. Prof. Fathi Al Akkari said his country was open to doing business with all international partners. “Libya needs everything. There is huge demand for goods, services and know-how from all sectors of the economy and Libya welcomes all to support its rebuilding efforts, he […]

Libyan postwar reconstruction eyes Chinese firms

Visiting Libyan Foreign Minister Ashour Ben Khayil said Monday that an open Libya welcomes Chinese businesses’ engagement in the postwar reconstruction of the war-battered country.  Khayil told Xinhua that Libya attaches great importance to China’s role in the country’s reconstruction. He said Libya will strive to safeguard the lawful rights and interests of Chinese businesses […]

China urges international community to support Libya’s national reconstruction

A Chinese diplomat said here on Wednesday that the international community should continue to provide support and assistance for Libya’s national reconstruction. Wang Min, the Chinese deputy permanent representative to the United Nations, made the remarks at an open Security Council meeting where Chief Prosecutor of the International Criminal Court (ICC) Luis Moreno-Ocampo made a […]