Libya’s Tripoli based Privatization and Investment Board (PIB) revealed last week that the total number of approved investment projects for the period 2021-2025 reached 1,016 projects. These projects are distributed over various economic sectors, with total investment costs exceeding 101 billion Libyan dinars (c. US$ 136 million).
The figures are part of official data contained in a PIB periodic report on investment projects. The PIB is part of the Tripoli based Ministry of Economy and Trade.
The PIB says these investment projects come within the framework of seeking to attract capital and enhance international cooperation and within the framework of efforts to strengthen the national economy and support the development process in Libya.
Details of Projects
- Projects by Implementation Stages (2021-2025):
- 398 projects under establishment.
- 263 projects under implementation.
- 355 projects have entered the operational phase.
- Sectors: include Real estate investment, Services, Tourism, Industry, Health, Renewable energy, Agricultural and livestock production.
- Geographical distribution: The projects are distributed over 52 cities in different regions of Libya, reflecting the trend towards balanced development.
- Objectives: To make a qualitative leap in infrastructure, promote economic growth, and diversify sources of income.
International Investments
- Distribution of investments: Includes investors from Africa, Asia, Europe, and the Americas.
- Economic partners: The report reflects the diversity of the map of foreign investors and the breadth of Libya’s economic partners.
- Investment Confidence: The PIB report says investors from different continents are increasingly confident in the local investment environment.
The report also stressed the importance of these projects in supporting the national economy, creating job opportunities, and achieving comprehensive development in Libya, which contributes to enhancing stability and economic prosperity.
.
Minister of Economy approves 20 new investment projects to support Libyan private sector
LAIP to focus on several internal investment projects – to improve quality of life and local development
Libya Africa Investment Portfolio considering funding its Libya projects through Islamic bonds
