Libya A nation of warm, welcoming individuals, eye-catching vista and outstanding sites, not over-run with mass tourism. It is a location which has a great possible in it concerning tourism, hotel industry, construction industry etc. The mixture of culture with ?sun, sand and sea? has already attracted a quantity of international hotel groups and investors to come to Libya and invest there. The nation suffered a lot because of the sanctions imposed by UN, but now as they are lifted it is the most attractive place for the investors to invest in the country. The Libya is going to create a lot of opportunities and Billions of dollars are anticipated to be invested in the oil and gas industry, power generation, and water tasks. Airports, ports, railways, and roads require to be built and upgraded, and new hotels and resorts are required to establish the fledgling tourism industry.
As the experts like Idris Al-Senussi would tell you ? Libya is an oil producing country, as the international embargo has been lifted, the nation is aiming high to develop quick and eyeing a vision ahead to excel in various industries and try to make up for what it could not attain whilst sanctions. After the revolution of 1969 and throughout the oil boom that followed in the 1970s, the construction business played a key role in social and financial development processes. As a result, the nation experienced a tremendous increase in the scale and volume of construction activities. For instance, at the finish of the 1970s Libya was the world?s leading per capita consumer of cement in the world. This trend continued until early 1980s, when the construction industry suffered several setbacks, such as the elimination of nearby private construction companies and their incorporation into the public sector. The construction business came to a halt in the mid-1980s due to the large drop in oil revenues. The above considerations reflect the problematic circumstances of the Libyan construction business, which can be attributed, in common, to a number of factors, including the consequences of rapid social, economic, political and technological changes, and a lack of nearby managerial, financial and technical capabilities.
In addition, the political problems facing Libya during the last two decades contributed to economic difficulties that affected the business greatly, nevertheless now Libya has enhanced large time as
o Revenues from the oil sector contribute about 95% of export earnings, about 1-quarter of GDP, and 60% of public sector wages.
o Libya has one of the highest per capita GDPs in Africa, making it an attractive option for investors.
o Significant progress has been made in current years on economic reforms as part of a broader campaign to reintegrate the nation into the international community.
Libya is going to be the nation with full of possibilities in various sectors. With an region of almost 1,800,000 square kilometers (694,984 sq mi), 90% of which is desert, Libya is the fourth biggest nation in Africa by region, and the 17th largest in the world. The 2009 estimated population of Libya is 6,420,000 which reside on the remaining ten% of the area left which is other than desert ].
As the experts like Idris Al-Senussi would tell you ? The chance of creating solar power is huge there in Libya as the 90% of the region is desert with no rain falls (as soon as in a blue moon). The nation fulfills the requirement of energy quite sufficiently but still there is a plan to create wind and solar power to provide energy for remote places. Other than that the concept of transporting power from Libya to other nations which are lower in production and greater in demand is very much in the cards. Experts have calculated that every square kilometer of desert receives solar power equivalent to 1.5 million barrels of oil every year which is huge. To fulfill the requirement of solar energy in countries which are lower in production and higher in demand, Libya can really play its component. Yes this is expensive but still the quantity of power that Libya would produce is great sufficient to bear that cost and wastage while supplying to other countries and the better precautionary measures can be taken to steer clear of this loss.
Source: http://qpw.famvanakkeren.nl/blah/5069
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