Opportunity-wise, Libya has a large but under-developed oil and gas sector with cheap, plentiful reserves which are close to the European market. It also has 2,000 km of undeveloped coastline and is looking for billions in investment for its general infrastructure, education, healthcare and tourism sectors.
In an attempt to bring in foreign investment, the Libyan government has offered 8-year tax breaks for investors. However, Libya’s commercial law framework and third world legal protection still needs to be developed. Arms imports are still banned.
For more information on the Libya-US Enterprise Conference, contact New Fields Exhibitions at Phone (202) 496-4976 Fax (202) 331-0313 Website: http://www.new-fields.com/libyaforum/index.htm