Following the successful Danish business delegation to Libya in May 2012, where 25 Danish companies within a wide range of sectors participated, the Confederation of Danish Industry, Danish Agriculture & Food Council, the Danish Representation in Libya and Export Promotion Denmark, once again is arranging a business delegation to the country.
Libya’s Growth Potential
The private sector, which was more or less forbidden during the former regime, needs to be build and in time, be a drive power of the expected double-digit growth rate. Although Libya has 179 billion USD at its disposal, the rebuilding of the country depends heavily on foreign investments. Before the revolution, Libya produced 1.7 million barrels of oil per day. In January 2012 this number was 1.1 million barrels per day. Within the next 3-5 years the production should attain a number of 3 million barrels per day. When it comes to oil, Libya sees Norway as a role model and the transitional government is already in dialogue with the Norwegian government regarding the administration of such enormous oil resources.
Join the Business Delegation
Based on immediate demand and local needs in Libya, the following areas will be the main focus areas of the delegation:
- Medical & Healthcare
- Energy – Oil & Gas
- Infrastructure& Construction
- Food Industries
- Security Equipment
There will be the option to include other area focus.
(Source: Dansk Industri)