Post on 18-Dec-2014
description
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Libya
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Location: Libya is located in the middle of North Africa, bordering the Mediterranean Sea. It has sixneighbors: Egypt, Sudan, Chad, Niger, Algeria, and Tunisia. The country's location has enabled Libya to witness many civilizations and became an important caravan trade link between Africa and Europe.Area: 1,775,500 sq km with a surface comprises coastal plains, plateaus and mountains. The Sahara desert extends deep into the south with its scattered oases and small towns .Climate:A typical Mediterranean climate along the coast in the northern parts and desert climate in the south. Average temperature is between 15C during winter and 35C during summer time.
About Libya
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Libya welcomes all investors who wish to invest their money and expertise in highly profitable and mutually beneficial projects. Libya provides many exemptions and privileges to all investors, also raw materials, cheap energy, skilled labor, and do not forget Libya's geographical location which is the open door to the African continent and its nearness to Europe. That is just one of so many reasons why entrepreneurs are attracted to invest in Libya.The Libyan Privatization and Investment Board was established to promote foreign and local investment and provide all the licenses, permits, guarantee all incentives and facilitations to investors in simple procedures through the one-stop shop services office.
About Libya
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What makes Libya an opportunity & challenge?
•The availability of cultural and natural resources.•The strategic geographical location.•The availability of a high percentage of a young population• Low priced energy.
Our objectivesAbout Libya
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• Prepare the investment environment, so that the investor, either local or foreign, can work in a suitable and comfortable environment after 17 February 2011.
• Prompt investment opportunities.• Attract foreign capital to invest in Libya either :
1. Initiate new projects.
2. participate in existing ones.
3. Joint Ventures between local and foreign investors.
4. Transfer of ownership of public companies to the private sector.
Our objectives About Libya
Board Specialties
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Receive national and foreigner capital investment orders and transfer the ownership of projects completely or partially.
• Specify evaluation ways and privatization methods.• Providing the necessary agreements and issuing
licenses to raise investment projects of all fields except Oil and Gas.
• Coordination with other sectors for preparing the units to be privatized.
Incentives and Exemptions
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The Package of incentives and exemptions enjoyed by the foreign and local investor for a period of five years:-Exemption from all customs duties and
taxes.Exemption for five years from all
customs duties and import taxes .Exemption from income taxes from the
date of commencement of production and this applies to profits from the investment.
Exemption of goods from export tax.
Rights and Guarantees under the law
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Re-exports of capital invested abroad. Open bank accounts and transfer their net
profits and interest. Leasehold (for a set period of time) of land.The right to carry losses forward to the
subsequent year.Importation of all the needs and
requirements of the project from abroad.Export project’s products .Procurement of manpower and foreign
expertise for the project and allowing workers to transfer their salaries.
Guarantees
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Nationalization of the project may not be carried out, in any way, except by judgment and must be in return for prompt and fair compensation.
The relevant laws in place to resolve any dispute that may arise with the investor
Fields of investment
1 -Transportation Sector
• Construction of airports. • Management of airports. • Handling, Supply and Land services in airports. • Construction of highways • Construction of subways and railroads. • Construction, improvement, and operation of seaports with a local company.
2- Health Sector: • Construction of hospitals. • Laboratories and analysis and diagnosis centers. • Manufacture of Drugs. • Manufacture of medical· equipment.
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3- Education Sector:
• Establishment of:-• Universities & high institutes. • Vocational training centers. • Schools and international institutes.
Those institutions must have their curricula and examination procedures approved by the Ministry of Education in Libya.
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4- Industry Sector: • Cement • Sanitary materials • Electrical • Household appliances • Plastics • Leather • Food • Mechanical • Chemical • Manufacture and maintenance of marine fishing equipment• Manufacture of educational items • Iron and steel • Recycling • Solar and renewable energy
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5- Agricultural Sector: • Cultivation of farm crops.• Cultivation of fodders. • Operation of poultry farms.
6- Maritime Wealth Sector: • Aquaculture.• Fish canning.
7 - Tourism Sector: • Hotels, tourist resorts and villages. • Construction of yacht marinas. • Construction of leisure utilities. • Construction of tourist houses and flats.
8- Public Utilities Sector: • Construction of residential flats and houses.• Construction and development of household gas network. • Water desalination plants. • Waste water purification and sewage plant. • Recycling factories.
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Achievements from 2000
to the first quarter of 2010• Privatized Units
• Investment Projects
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Food Industries 20
Metal, engineering and electrical industries 22
Animal and marine production 18
Chemical industries 13
Services 14
Leather industries 7
Spinning and weaving 5
Furniture industry 6
Building materials industry 5
Paper industry 1
Privatized Units
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20%
17%
15%13%
13%
6%
5%5% 5%
1%Food Industries
Metal and engineering industries and electrical
Animal production and marine
Chemical industries
Services
Leather Industries
Spinning and weaving
Furniture industry
Building materials industry
Paper Industry
Privatized Units
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Entered Operation Under Performing and Implementation
3,539,490,183
19,631,181,978
1 .Entered Operation (177)Project
2 .Under Performing and Implementation (142)Project
Investment Units
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4%
17%
27%
6%
42%
4%
Real Estate
Services
Tourism
Health
Industry
Agriculture
Projects that Entered Operation & Under execution According to the Area
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Foreign100% Joint Local100%
8,224,440,5189,145,669,220
5,800,562,423
Until 31-03-2010
Projects that Entered Operation & Under execution According to the Type of Investment
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Real Estate Services Tourism Health Industry Agriculture
3033
18361
9446
963
15990
886
3943
6563
1340306
2946
199
Local Manpower Foreign Manpower
20
Asia Africa North & South America
Europe
4,330,640,47
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424,023,196 265,935,141
8,087,902,78
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Projects that Entered Operation & Under execution According to the Type of Continents
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BahamBahrainChaina
IndiaIran
IraquJapan
JordonKoreaKwietQatar
Saudi ArabiaUAE
Malta
3,553,000
4,339,999
141,949,969
4,982,836
9,873,500
6,692,483
4,800,000
2,281,468
127,173,001
2,973,328
26,097,999
3,796,807
2,962,487,081
1,029,639,000
Asia
Asia Africa North & South
America
Europe
4,330,640,471
424,023,196 265,935,141
8,087,902,788
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Centre Africa
Morocco
Libya-Foreign
Egypt
South Africa
Tunisia
Mauritius
136,051
4,477,300
28,192,361
35,476,271
38,257,001
110,984,212
206,500,000
Asia Africa North & South
America
Europe
4,330,640,471
424,023,196 265,935,141
8,087,902,788
Africa Asia
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canada
America
Panama
3,986,454
50,748,688
211,199,999
Asia Africa North & South
America
Europe
4,330,640,471
424,023,196 265,935,141
8,087,902,788
Africa AsiaNorth & South America
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SlovakiaBelgiumAustriaBosnia
UkrainePyelorussia
GreeceNorway
SpainGermany
FranceCyprus
SwitzerlandTurkeyMalta
NetherlandsBritain
Angela IslandItaly
629,200 1,819,244 2,184,373 5,594,401 9,069,743 10,322,399 12,343,775 15,600,000 19,768,740 20,321,971 32,834,923 67,897,149 104,834,155 140,455,379
533,735,108 643,655,847
879,622,746 2,112,500,000
3,474,713,635
Asia Africa North & South
America
Europe
4,330,640,471
424,023,196 265,935,141
8,087,902,788
Africa AsiaNorth & South AmericaEurope
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Thank you……
www.investinlibya.ly
info@investinlibya.ly
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