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)