Libya, participation in reconstruction and reviving the AMU
The visit of Libya's Prime Minister Abderrahim El Keib to Morocco last week with a high level delegation raised the possibility of Morocco's participation in Libya's reconstruction and in training Libyans in different sectors. What are the invetsment opportunities in Libya and what are the chances of reviving the Arab Maghreb Union?
Source : https://www.marocafrik.com/english/Libya-participa...
Abderrahim El Keib had made a similar trip to Tunisia in May. Libya and Tunisia with their common border have been trading with each other for many years and Libya is a major market for Tunisia .Discussions on employing Tunisia and demand for approximately 3,000 Tunisian workers to fill private sector jobs in telecommunications, tourism, health, housing and construction. In addition they discussed plans to train 5,000 young Libyans at Tunisian training and rehabilitation centres. A demand for approximately 3,000 Tunisian workers to fill private sector jobs in telecommunications, tourism, health, housing and construction was considered. In addition they discussed plans to train 5,000 young Libyans at Tunisian training and rehabilitation centres according to Maghrebia.
Libya under Gaddafi effectively had hardly any private sector. Industrywas concentrated on oil and gas exploration and production and special projects such as the Great Man Made River project and some dvelopment of tourism.The economic infrastructure of Libya has to be built from the ground up after 42 years of neglect and a private sector has to be created as well as repairing the damage sustained during the revolution. Tunisian business men have visited Libya and their counterparts have reciprocated with visits and conferences in Libya by CONECT and other organisations. Morocco's Asmex, the Moroccan Association of Exporters have also had memebers visiting and meeting contacts in Libya.
Libyan energy exports to Morocco are an obvious source of increased trade.. A financial center between the central banks of both countries, which would add 3 to 4 banks on each side is being considered. A logistics center is also planned and could affect air transport, sea and land. Tripoli needs of the expertise of Royal Air Morocco to upgrade its airline, the National Ports Agency to rebuild its port facilities and transporters and manufacturers of trucks, buses and coaches. There is also a strong possibility of cooperation with insurance. Morocco's tourism development and construction expertise would be extremely valuable to Libya. There are also
opportunitiesd in education and training, construction, infrastructure, banking, legal services, healthcare and IT.
There also may be a case for Arab Magheb Union countries like Tunisia and Morocco coordinating their response to Libya's economic opportunities to avoid unecessary duplication of effort. Mr El Keib called for the revival of the Arab Maghreb Union and the most efficient way for this to be achieved in the short term is for businessmen to forge links as they are doing. The AMU meeting is slated for October in Tunis but the dispute between Algeria and Morocco over the Western Sahara is likely to delay progress on the political front for sometime. The need for the Maghreb countries to come together on security issues is paramount and should help the Maghreb countries to come closer together.
For the development and rec onstruction however the internal situation has to be brought unter control. The warring militias and tribes are still fighting each other and the army is not strong enough. Assainations and kidnappings as well as arbitrary and unlawful disappearances and imprisonment are far too common. Libya needs stability and advice on internal security. For potential investors it also needs to be remembered that Libya is a small market of 6 to 7 million so establishing industries will have to be sure to return a profit.
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Libya under Gaddafi effectively had hardly any private sector. Industrywas concentrated on oil and gas exploration and production and special projects such as the Great Man Made River project and some dvelopment of tourism.The economic infrastructure of Libya has to be built from the ground up after 42 years of neglect and a private sector has to be created as well as repairing the damage sustained during the revolution. Tunisian business men have visited Libya and their counterparts have reciprocated with visits and conferences in Libya by CONECT and other organisations. Morocco's Asmex, the Moroccan Association of Exporters have also had memebers visiting and meeting contacts in Libya.
Libyan energy exports to Morocco are an obvious source of increased trade.. A financial center between the central banks of both countries, which would add 3 to 4 banks on each side is being considered. A logistics center is also planned and could affect air transport, sea and land. Tripoli needs of the expertise of Royal Air Morocco to upgrade its airline, the National Ports Agency to rebuild its port facilities and transporters and manufacturers of trucks, buses and coaches. There is also a strong possibility of cooperation with insurance. Morocco's tourism development and construction expertise would be extremely valuable to Libya. There are also
opportunitiesd in education and training, construction, infrastructure, banking, legal services, healthcare and IT.
There also may be a case for Arab Magheb Union countries like Tunisia and Morocco coordinating their response to Libya's economic opportunities to avoid unecessary duplication of effort. Mr El Keib called for the revival of the Arab Maghreb Union and the most efficient way for this to be achieved in the short term is for businessmen to forge links as they are doing. The AMU meeting is slated for October in Tunis but the dispute between Algeria and Morocco over the Western Sahara is likely to delay progress on the political front for sometime. The need for the Maghreb countries to come together on security issues is paramount and should help the Maghreb countries to come closer together.
For the development and rec onstruction however the internal situation has to be brought unter control. The warring militias and tribes are still fighting each other and the army is not strong enough. Assainations and kidnappings as well as arbitrary and unlawful disappearances and imprisonment are far too common. Libya needs stability and advice on internal security. For potential investors it also needs to be remembered that Libya is a small market of 6 to 7 million so establishing industries will have to be sure to return a profit.
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Source : https://www.marocafrik.com/english/Libya-participa...