Libya to Invest $140bn in Next Decade

Libya Herald reports that Libya is expected to invest $140 billion in projects over the next ten years.

Among the areas earmarked for development are:

  • A programme by the General Electric Company of Libya (GECOL) to increase capacity from  about 13,000 MW in 2012 to 19,000-20,000 MW by 2020;
  • A $2.5-billion upgrade of the state’s busiest airports, which aims to expand capacity to about 28 million passengers a year from an estimated 5 million;
  • The provision of 200,000 new homes, with supporting infrastructure, in the next seven years. The government estimates that the country will face a housing shortfall of 500,000 units by 2020.

(Source:  Libya Herald)

2 Responses to Libya to Invest $140bn in Next Decade

  1. D.P.K.Udas 2nd July 2013 at 6:06 am #

    Noted about investment in Power Generation. Would like to know matching investment in Power Transmission sector.

  2. Nimish Tated 11th March 2014 at 7:44 am #

    The investment figure are very attractive.
    There is a need for infra development in such a big country like libya.

    Coould I have more details on GECOL
    i.e
    Their email adress,Manager for Projects ETC

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