Saudi’s Zamil Likes Libya’s Steel Industry

Zamil Industrial Investment Company, the fourth largest Saudi Arabian industrial firm by market capitalisation, has said that Libya could be a potential market for further expansion into Africa beyond the company’s existing presence in Egypt.

Abdulla Al Zamil (pictured) told Arabian Business:

Libya is quite an interesting place, we are watching it very closely. We have an office in Benghazi and have started receiving orders there … Libya being a very much similar economy to the Gulf, being oil and gas based.

He added that if the company was to invest in Libya it would be in a steel factory that taps into the reconstruction process.

(Source: Arabian Business)

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