August 2013
CONSTRUCTION WORLD
16
marketplace
TOWARDS THIS END,
a major business conference was organised
in Tripoli to provide local and international stakeholders an essential
guide to the developments and projects across critical infrastructure,
energy, utilities and industry sectors that will accelerate rebuilding
efforts in Libya.
Libya Projects 2013, whichwas organised byMEED in associationwith
Business Mirror (BM), dissected the new wave of projects that will be
undertaken in Libya over the next decade.
Among theseprojects includeGecol’s capacitybuildingprogramme
in the power sector which will see installed capacity rise from about
13 000 MW in 2012 to 19 000 -20 000 MW by 2020.
In aviation, the new government has planned a USD2,5-billion
upgrade of the state’s busiest airports aimed at expanding capacity
to about 28 million passengers a year from an estimated 5 million.
The housing sector is another critical investment focus. The gov-
ernment estimates that the country will face a housing shortfall of
500 000 units by 2020. The Housing & Infrastructure Board (HIB) has
been tasked to deliver 200 000 newhomes, with supporting infrastruc-
ture in the next seven years.
“There is currently a dearth of accurate and reliable information
on the opportunities in the projects market in Libya which the
conference addresssed. Attended by leading authorities and key
stakeholders, Libya Projects 2013 offered the best opportunity for
companies to correctly access Libya’s projects market,” said Edmund
O’Sullivan, chairman, MEED Events, organisers of Libya Projects 2013
in co-operation with Business Mirror Libya, and supported by the
General National Congress.
Under the patronage of the General National Council, Libya Proj-
ects 2013 gathered key government officials and entities as well as
leading private sector companies who provided an expert overview
of the wide-ranging political and economic reforms currently being
implemented in Libya and the impact of these initiatives on the projects
The conference, which took place on 3 to 5 June in Tripoli, also
focused on the government’s programme to promote and attract
foreign direct investments in Libya, and provided a critical update on
existing and stalled projects.
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Rebuilding a country
Libya is expected to invest USD140-billion in projects
over the next decade as the country embarks on
building a sustainable future.
