Libya has the largest proven oil reserves in Africa
Investment Opportunities
Today in Libya΄s market there are a lot of opportunities for investors and for investment. The Investment Law aims at promotion of direct foreign investment in the fields of Industry, Agriculture, Health, Tourism and Services.

The decision of Libyan Goverment No. (108) of 2005 specified the detailed fields allowed for investment therein as follows:

• Agricultural, industrial and service projects,
• Oil refining and petrochemicals industry ,
• Electric power generation,
• Communication services,
• Cadastral / real estate and infrastructure investment projects,
• Tourist projects.

Law of investment aims at encouraging direct foreign investment in non-oil sectors such as industry, agriculture, health, tourism, and services, and does not apply to projects related to oil and gas production and exploration projects that are governed by Oil Law no. 25 for the year 1955 and its amendments. The decision of the General People’s Committee no147/2004 has specified in details the fields open to investments as follows:

1. Transportation Sector
• Construction of airports,
• Management of airports,
• Handling, supply and land services in airports,
• Building and application of civil aviation systems in cooperation with the Civil Aviation Authority in such way that this latter must have more than 50 % as participation rate,
• Air transportation will allow investments with a rate of participation not less than 50 %, for Libyan nationals, • Construction of high roads,
• Construction of subways and railroads,
• Construction, improvement, and operation of seaports with the participation of the seaport company.

2. Health Sector - Construction of hospitals.
• Laboratories and analysis and diagnosis centers,
• Manufacturing of Medicaments,
• Manufacturing of medical requirements,
• Manufacturing and maintenance of medical equipments.

3. Education Sector
• Construction of universities,
• Construction of High institutes,
• Construction of Training and vocational centers,
• Construction of Schools and International institutes,
Those institutions must have their curricula and examination procedures approved by the education related-authority in the Great Jamahirya.

4. Industry Sector
• Cement industry,
• Sanitary materials,
• Electro-industries,
• Household articles,
• Plastic industry,
• Leather industries,
• Fodders industry,
• Flour-milling and packing with participation of the domestic sector,
• Food industries with participation of the domestic sector,
• Mechanical industries - Chemical industry,
• Manufacturing and maintenance of marine fishing equipment ,
• Manufacturing of scholar gadgets - Manufacturing of machines, equipment and spare parts,
• Iron and steel industry,
• Waste recovery industry.

5. Agricultural Sector
• Cultivation of farm crops,
• Cultivation of fodders,
• Operation of poultry parent’s station.

6. Maritime Wealth Sector
• Aquaculture,
• Fish canning.

7. Tourism sector
• Tourist utilities of hotels, tourist resorts, and villages,
• Administration of tourism structures,
• Construction of yachting utilities,
• Construction of leisure utilities,
• Construction of tourist houses and flats.

8. Public utilities sector
• Construction of residential flats and houses,
• Construction and development of household gas network,
• Water desalting stations,
• Waste water purification and drainage station,
• Waste recycling factories.