Law of investment aims at encouraging direct foreign investment in non-oil sectors such as industry, agriculture, health, tourism, and services, and does not apply to projects related to oil and gas production and exploration projects that are governed by Oil Law no. 25 for the year 1955 and its amendments. The decision of the General People’s Committee no147/2004 has specified in details the fields open to investments as follows:

1. Transportation Sector
Construction of airports
Management of airports
Handling, supply and land services in airports
Building and application of civil aviation systems in cooperation with the Civil Aviation Authority in such way that this latter must have more than 50 % as participation rate.
Air transportation will allow investments with a rate of participation not less than 50 %, for Libyan nationals.
Construction of high roads .
Construction of subways and railroads
Construction, improvement, and operation of seaports with the participation of the seaport company.

2. Health Sector - Construction of hospitals.
Laboratories and analysis and diagnosis centers.
Manufacturing of Medicaments.
Manufacturing of medical requirements
Manufacturing and maintenance of medical equipments.

3. Education Sector 
Construction of universities.
High institutes.
Training and vocational centers.
Schools and International institutes.
Those institutions must have their curricula and examination procedures approved by the education related-authority in the Great Jamahirya.

4. Industry Sector
Cement industry
anitary materials
Electro-industries.
Household articles
Plastic industry.
Leather industries.
Fodders industry .
Flour-milling and packing with participation of the domestic sector
Food industries with participation of the domestic sector
Mechanical industries - Chemical industry
Manufacturing and maintenance of marine fishing equipment
Manufacturing of scholar gadgets - Manufacturing of machines, equipment and spare parts.
Iron and steel industry.
Waste recovery industry

5. Agricultural Sector
Cultivation of farm crops
Cultivation of fodders
Operation of poultry parents station

6. Maritime Wealth Sector

Aquaculture .
Fish canning.

7. Tourism sector

Tourist utilities of hotels, tourist resorts, and villages.
Administration of tourism structures
Construction of yachting utilities .
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 desalting stations .
Waste water purification and drainage station.
Waste recycling factories .