1

Libya

2

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

3

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

4

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

5

• 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

6

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

7

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

8

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

9

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.

10

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.

11

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

12

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.

13

Achievements from 2000

to the first quarter of 2010• Privatized Units

• Investment Projects

14

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

15

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

16

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

17

4%

17%

27%

6%

42%

4%

Real Estate

Services

Tourism

Health

Industry

Agriculture

Projects that Entered Operation & Under execution According to the Area

18

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

19

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

1

424,023,196 265,935,141

8,087,902,78

8

Projects that Entered Operation & Under execution According to the Type of Continents

21

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

22

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

23

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

24

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

25

Thank you……

www.investinlibya.ly

info@investinlibya.ly

26