Libya opens door to foreign investment – slowly

29.11.2011                      03.Kislev. 5772

Libyen:

Libya opens door to foreign investment – slowly

New leaders hold off on key decisions, but likely to focus on raising living standards.

After eight months of civil war, the door to foreign investment in Libya is slowly opening again – but businesses will likely find a very different country behind it than they knew from the era of strongman Muamar Gaddafi.
More emphasis is likely to be put on providing basic infrastructure and services that benefit ordinary Libyans, whose needs were often ignored in favor of funding showcase engineering projects aimed at glorifying Gaddafi and his regime and spreading Libya’s influence in Africa through foreign aid….