Through the one-stop policy, the authority has the following functions:
- Studies and proposals of plans organizing investment and privatization, including the preparation of a comprehensive investment map for all areas of investment and available investment opportunities, permitted within the investment areas brought about, as per this Law.
- Collection of investment applications, verifying that the aforesaid applications meet the objectives of this Law and the fulfilment of terms, conditions and rules ; a study of the economic feasibility of the investment project, confirming that all conditions are met with respect to national and foreign investments conducted subject to the provisions of this Law.
- Adopting methods capable of attracting national and foreign capital and publicity campaigns of investment opportunities via the different media oulets.
Why The Investment Law
The Law aims at achievement of the following goals :
- Technically upgrade and qualify Libyan cadres and elevate their efficiency, in order to acquire advanced skills in addition to opening employment opportunities.
- Endeavour to introduce know-how and technology and thereof inserted into the Libyan economy.
- Contribution towards setting up, developing or rehabilitating economic, service and production units, in a manner that asists such units to compete and be introduced into the world markets.
- Achievement of development in the relevant area
- Increase and diversify income sources
- Control energy consumption
- Utilize locally available raw materials
Have you ever visit Libya
What makes Libya an opportunity & challenge :
- Special Location: Located in the middle of North Africa, bordering the Mediterranean Sea with a coast line of about 2000 km length. It has six neighbors: Egypt, Sudan, Chad, Niger, Algeria, and Tunisia. The country’s location has enabled it to witness many civilization 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.
- Foreign Trade: Libya depends primarily upon revenues from oil and natural gas in addition to petrochemical and other, industrial products. Machines, transportation, and foodstuffs are of the major imports.