No Result
View All Result
Monday, May 29, 2023
23 °c
Tripoli
21 ° Tue
21 ° Wed
21 ° Thu
22 ° Fri
  • Advertising
  • Contact
LibyaHerald
 
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

Libya’s massive rebuilding efforts to sustain double-digit growth in 2013: Barasi

byMichel Cousins
April 21, 2013
Reading Time: 2 mins read
A A
Libya’s massive rebuilding efforts to sustain double-digit growth in 2013: Barasi

Dr Awad Ibrahim Elbarasi (left), Libyan Deputy Prime Minister, speaks to MEED’s Richard Thompson about the rebuilding efforts in Libya.

12
SHARES
52
VIEWS
Share on FacebookShare on Twitter
Libyan Deputy Prime Minister Awad Barasi . . .[restrict]speaks to MEED’s Richard Thompson (r) about the rebuilding efforts in Libya.

Tripoli, 20 April 2013:

Libya’s massive rebuilding efforts, driven by large-scale investments on new projects, would ensure double-digit growth in 2013, Deputy Prime Minister Awad Barasi said at a press conference on Thursday in Dubai announcing the launch of Libya Projects 2013.

The Libya Projects 2013 conference, organised by business magazine MEED and which aims to showcase business opportunities in Libya, will take place in Tripoli on 3-5 June this year.

Barasi cited figures from the International Monetary Fund, which sees Libya’s economy growing by 16.5 per cent in 2013. He also revealed that the upcoming plans for Libya to host African Cup of Nations (CAF) in 2017 has resulted in a budget of LD 400 million purely for construction of infrastructure for the CAF in 2013 alone.

According to the Deputy Prime Minister, the top industries in Libya with major projects to be awarded this year until 2015 are infrastructure, oil and gas, petrochemicals, utilities and industry with government organisations as key clients – the largest being the state electricity company GECOL, the Housing and Infrastructure Board and the National Oil Corporation.

RELATED POSTS

Tripoli University lecture halls completed – Aldabaiba’s government seeking to resume all university projects

Top law firm joins new British Libyan Business Association

“Our ageing infrastructure needs a radical overhaul. We devised a projects programme that will develop and modernise critical infrastructure, energy, utilities and industry sectors to boost the economy. Stability and economic diversification are high on the agenda of the government and we are laying the groundwork for this initiative to move forward starting with the election of the new members of the General National Congress,” said Barasi.

The previous day in Dubai, Barasi said that it would take Libya five to ten years to rebuild the country.

Noting that Libya would have rivalled the UAE and Qatar were it not for Qaddafi’s “years of destruction”, he said that LD 100 billion was needed to repair Libya’s damaged infrastructure.

“Libya at the time of King Idris… If we had continued, we’d have been the same like Dubai, the UAE and also Qatar or Saudi Arabia,” Barasi told reporters in Dubai. “But we had 42 years of destruction, nothing happened. Many people left the country.”

This year, he said, LD 19 billion dinars would be spent on rebuilding and commissioning new infrastructure projects.

“We have to spend the next five years working on these projects and trying to build the plans. We spend most of our time trying to fix the problems caused by the old regime,” Barasi said.

He was quoted in the local Dubai press saying that Libya would try to copy its planning methods.

“What I like about the government of Dubai is that it operates everything like a company. The executive office is like a CEO’s,” he said.

“I hope that we will learn a lot from the Dubai government.” [/restrict]

Tags: Awad BarasiDubaiLibyaLibya Projects 2013UAE
Share5Tweet3Share1

Related Posts

GECOL says all eastern power stations ready to operate
Business

GECOL supplies new equipment and spare parts for its stations and confirms ability to end power cuts

May 29, 2023
Expected Resumption of Commercial Activity of Libyan Merchants in Tunisia, while Two Tunisians Were Injured by a Nalut Local
Business

The Tripoli Libyan Ministry of Transport confirms development plan for Libya-Tunisia Ras Jedir border crossing

May 27, 2023
NOC condemns Friday’s Mitiga aviation fuel depot shelling, evacuates staff
Business

An instant 350 cylinder per hour cooking gas filling station opened in Jalo

May 27, 2023
NOC announces force majeure at Zawia port
Business

NOC completes strategic project to increase local gas supply and clean pipelines

May 27, 2023
Turkish business delegation meets Economy Minister Hwej: Invited to participate in state and private sector development projects
Business

Turkish business delegation meets Economy Minister Hwej: Invited to participate in state and private sector development projects

May 27, 2023
Libya’s Al-Ghazala Misrata Paints Factory opens first showroom in Niamey, Niger
Business

Libya’s Al-Ghazala Misrata Paints Factory opens first showroom in Niamey, Niger

May 25, 2023
Next Post
H2O completes survey phase of constitutional awareness tour

H2O completes survey phase of constitutional awareness tour

Policeman killed in gun battle with Tripoli drugsters

 

Advertise on LibyaHerald

Reach thousands of our site visitors daily

240 x 400px

Advertise Here
ADVERTISEMENT

Top Stories

  • GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU

    Tripoli Libyan government conducts drone strikes against criminal hideouts in western coast

    127 shares
    Share 51 Tweet 32
  • State recognised militia and Libyan Army clash in central Tripoli

    98 shares
    Share 39 Tweet 25
  • Libya loses US$ 5 bn annually due to illegal Tuna fishing within its territorial waters

    103 shares
    Share 42 Tweet 25
  • US Embassy in Tripoli announces easing of visa protocol: One-year multiple entry visas now replace three-month single-entry visas

    103 shares
    Share 56 Tweet 20
  • Libya and Austria discuss reopening airspace

    79 shares
    Share 35 Tweet 19
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

State recognised militia and Libyan Army clash in central Tripoli

FDCC destroys non-conforming shipments of medicines, calls on suppliers to respect Libyan health standards

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    No Result
    View All Result
    • Login
    • Sign Up
    • Cart
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Sign In with Facebook
    Sign In with Linked In
    OR

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Sign Up with Facebook
    Sign Up with Linked In
    OR

    Fill the forms bellow to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
    Are you sure want to unlock this post?
    Unlock left : 0
    Are you sure want to cancel subscription?