Why Invest in LIBYA?

Strategic location: Libya’s location serves as a gateway between Europe and Africa, making it an ideal hub for trade and logistics, reducing transportation costs and delivery time. The government initiated a proactive plan to develop airports, roads, ports, commercial projects, residential projects, and hotels to revive the country.

Natural resources: Libya holds the largest oil reserves in Africa and significant natural gas reserves. Recently, oil exploration was resumed after 10 years of a shutdown, proving renewed confidence in the country's stability and investment climate.

The government is backing up the industry, aiming to attract foreign investments and boost exploration activities through launching its first international oil and gas licensing round in 20 years. Libya has abundant solar and wind resources, making it an attractive destination for renewable energy investments.

Government support: Increased initiatives to attract international business to the country, tapping the affordable opportunities in both the local market and the overall North African region, encouraged global companies to tap the vast opportunities in such a large potential market.

Economic diversification: While oil is paving the way for a prosperous future of the state, the Libyan government is actively working to improve the business climate and attract foreign investments by diversifying the economy beyond oil as well.

The strategy includes enhancing regulatory frameworks and fostering a more stable environment for investors. Sectors include agriculture, renewable energy, manufacturing, tourism, and entertainment.

Reconstruction opportunities: Post conflict reconstruction presents significant investment prospects across various industries, including infrastructure, construction, healthcare, and services. The rebuilding efforts from the Benghazi government highlight the demand for expertise and capital. The reconstruction plan includes the development of roads, ports, airports, and telecommunications networks.

Growing private sector: Increasing private sector engagement in industries like construction, manufacturing, and technology creates demand for foreign business engagement and FDIs.

High returns potential: Libya offers significant ROI for investors providing only 5% tax and zero customs for businesses. The untapped market and vast resource wealth offer unique returns for early entrants. The government is working on several strategic plans to sustain the economy, diversifying the industries' income and providing stability to foreign investors.

The Exhibition Industry: A Breakthrough with a Short-Term Goal of Sourcing Out the Products Gap for the Libyan Market. Benghazi government aims to become the regional hub of the exhibition industry in the North African region as part of a long-term plan.

The daring plan starts by launching 16 major trade shows covering the main urgent needs of the Libyan and North African market in 16 key sectors of the Libyan economy within 2025-2026 as annual events. In addition, there will be a large international conference for investment in 2026. All events are held under the patronage of H.E. Field Marshal Khalifa Haftar, General Commander of the Libyan National Army (LNA).