June 2013
CONSTRUCTION WORLD
50
Libya’s massive rebuilding
efforts, driven by large-scale
investments on new projects,
will help sustain the country’s
double-digit growth in 2013,
said His Excellency Deputy
Prime Minister Dr Awad
Ibrahim Elbarasi at a press
conference announcing the
launch of Libya Projects 2013.
roads & bridges
DR ELBARASI CITED FIGURES
from the
International Monetary Fund (IMF), which
sees Libya’s economy growing by 16,5% in
2013. He also revealed that the upcoming
plans for Libya to host African Cup of Nations
(CAF) in 2017 has resulted in a massive bud-
get of LYD400-million purely for construction
of infrastructure for the CAF in 2013 alone.
With the recent successful completion
of Libya’s second anniversary revolution,
confidence in the country has increased and
preparations for several critical projects are
underway. According to Dr Elbarasi, the top
industries in Libya with major projects to be
awarded this year until 2015 are infrastruc-
ture, oil and gas, petrochemicals, utilities and
industry with government entities as key cli-
ents, the largest being GECOL, HIB and NOC.
“Our ageing infrastructure needs a radical
overhaul. We devised a projects programme
that will develop and modernise critical
infrastructure, energy, utilities and industry
sectors to boost the economy. Stability and
economic diversification are high on the
agenda of the government andwe are laying
the groundwork for this initiative to move
forward startingwith the election of the new
members of the General National Congress,”
said Dr Elbarasi.
With petrodollars reserve, Libya has the
means to fund the programme, making it
a huge possibility in the foreseeable future.
These developmentswill be comprehensively
discussed at the inaugural Libya Projects 2013
conference, scheduled on 3 - 5 June, 2013 at
the Corinthia Hotel in Tripoli, Libya.
“As Libya transforms and renews itself,
Dr Awad Ibrahim Elbarasi (left), Libyan deputy prime minister speaks to MEED's
Richard Thompson about the rebuilding efforts in Libya.
the need for up-to-date and accurate mar-
ket intelligence and high-end networking
opportunities with key government institu-
tions and relevant project owners has never
been greater, making the conference amust-
attend event for key stakeholders eager to
make inroads into the country’s projects
development programme,” said Edmund O’
Sullivan, Chairman, MEED Events, organisers
of Libya Projects 2013 in cooperation with
Business Mirror (BM) Libya, and supported
the General National Congress.
Delegates attending Libya Projects can
expect to learn about the on-ground practi-
cal realities of doing business in Libya; as well
as interact and create key relationships with
more than 300 individuals and institutions
involved in the country’s rebuilding efforts.
In addition toDr Elbarasi, whowill discuss
Libya’s economic outlook and growth strate-
gies, Libya Projects 2013 will also feature
a keynote address by Dr. Juma Attiga, Vice
President, General National Congress, who
will share insights on Libya’s long termvision
as captured in its 2030 framework, as well as
its roadmap for the utilities, infrastructure
and power sectors.
Equally important, the conference will
share important updates on tactical mea-
sures being adopted by the government to
ease the security concerns of international
companies intending to do business in Libya.
A dedicated session on funding, procure-
ment and project management will help
participants develop a tailored funding and
project management approach for Libya’s
projects market.
With interest on Libya’s projectsmarket at
a high during this intense rebuilding phase,
interested participants are encouraged to
register early to book a place in Libya Projects
2013, which is also being supported by Ernst
& Young, Shapoorji Pallonji, Drake and Scull,
Hill International, Keller, Saint Gobain Glass,
Libya Holdings, Dar Al Handash, Jeddah
Cables Company, Parsons.
●
Libya’s rebuilding to sustain
double-digit growth
