Qatar Airways will fly four-times-a-week non-stop to Libya's second largest city of Benghazi starting November 1, taking the number of destination launches by the airline to 15 during 2011. As part of the airline's aggressive route expansion strategy to fly to diverse cities, Benghazi is yet another destination which is under-served and will benefit from […]
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Bangladesh Set to Repatriate 40,000 Workers Back to Libya
Following the installation of the new leadership in Libya, the Bangladeshi government of Prime Minister Sheikh Hasina has decided to send back to Libya the repatriated workers to the foreign companies they were employed with in Libya before the conflict that ousted former Libyan leader Muammar Al Qathafi. About 36,000 to 40,000 Bangladeshi migrant workers […]
AMEC talks to Libya on oil, reconstruction
British engineering firm AMEC is ready to move workers back into Libya as its new rulers attempt to restore oil production and rebuild the conflict-torn country’s infrastructure, AMEC’s chief executive said. Foreign firms evacuated expatriate employees from the north African country as it descended into civil war in late February. The end of fighting last […]
Rush for Libya goldmine as £200bn comes up for grabs
Libya could be one of the world's biggest growth areas for UK firms, as the Government here calculated £200 billion of contracts are expected to go up for grabs there over the next 10 years. Companies in sectors ranging from oil and gas to medical equipment are now aiming to win a share of that. […]
British firms urged to 'pack suitcases' in rush for Libya business
The starting pistol for British firms to pursue contracts in Libya has been fired by the new defence secretary, Philip Hammond, who urged companies to "pack their suitcases" and head there to secure reconstruction contracts. As Nato announced that it plans to wind up operations in Libya, Hammond said that great care had been taken during the […]
Libya Pays Daewoo $204M to Build Hospital
South Korea's Daewoo Engineering & Construction Co Ltd has received a $204 million order to build a general hospital in Libya as it is beefing up operations in the North African market. The nine-storey hospital under the Swani Hospital Project will be located in Tripoli with 200 beds and additional facilities, and it will be […]
Tags: Daewoo, Reconstruction
Heritage Oil strikes $20m Libya deal
Heritage Oil, the FTSE 250 oil and gas explorer, has made a push into Libya in the hope of winning oil and gas licences when they are distributed by the new regime. The group on Tuesday announced that it had bought a 51 per cent stake in a small Libyan oilfield service provider called Sahara […]
Tags: Exploration, Heritage
French business sees $200 billion Libyan opportunity
Rebuilding Libya could be worth at least $200 billion (125 billion pounds) over 10 years, but France's role in ousting Muammar Gaddafi will not be enough to seal deals, the chief of France's overseas business federation said on Wednesday. French President Nicolas Sarkozy has spearheaded military intervention in the OPEC producer and France's top firms […]