Tripoli - 15/12/2017

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EUR
1.75 LYD
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Libyan Economy

Joint Venture & Foreign Investment

During 2002, a multi-tiered exchange rate system was unified effectively by devaluing the country's currency. Among other goals, the devaluation aimed to increase the competitiveness of Libyan firms and to help attract foreign investment into the country.

The Libyan government has established some joint venture companies with foreign participation, for example in the utilities sectors. A number of national corporations have been created in many sectors and, in a growing number of cases, private capital is also participating. Libya has trade and economic co-operation agreements with most European and African countries and also participation in regional agreements.

Libyan investments abroad under bilateral agreements cover joint companies involved in cattle, agriculture production and exploitation of minerals in Africa, construction in Malta, fishing in Tunisia, and industrial products in Europe and Latin America.

 

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