Libya's build and construction industry is showing signs of strong growth after the country's recent conflict. A number of international construction companies have expressed interest in investing in Libya, attracted by the country's large infrastructure needs and its growing economy.
The Libyan government has announced plans to invest billions of dollars in infrastructure development in the coming years with focus on rebuilding roads, bridges, airports, and other essential infrastructure. The government is also investing in new infrastructure projects, such as the construction of new airports and power plants.
International construction companies are eager to participate in Libya's infrastructure development, as the companies have a wealth of experience and expertise in building complex infrastructure projects, including the ability to finance said projects.
The Libyan government is supportive of foreign investment in the construction industry, which showed when it has enacted a number of reforms to make it easier for foreign companies to do business in Libya by establishing a number of agencies to promote and support foreign investment.
The investment of international construction companies in Libya from several countries such as Italy, Spain, and China are expected to have a number of positive benefits for the country. This investment will not only help to create jobs, stimulate economic growth, but also improve the quality of life for Libyans.
Be present in the country’s exponential growth by participating your company in Libya Build, the largest build and construction event in North Africa and join 200+ international and local exhibitors in showcasing their ground-breaking innovations. Book your stand today at Libya Build Benghazi 2024.