Libyan Prime Minister Shukri Ghanem in late September reaffirmed the government's commitment to privatisation as part of a move to attract more foreign direct investment. He said that the government aimed to privatise 360 firms, 50 of which would be open to foreign investors. 'The participation of foreign companies in the privatisation process is very welcome,' Ghanem said. Companies likely to attract the most foreign investment are those in the oil, petrochemicals, steel, cement and agriculture sectors. Ghanem said that privatisation in Libya was needed due to the companies' poor performance, which he blamed on bad management (MEED 22:8:03).
You might also like...
Rainmaking in the world economy
19 April 2024
Oman receives Madha industrial city tender prices
19 April 2024
Neom seeks to raise funds in $1.3bn sukuk sale
19 April 2024
Saudi firm advances Neutral Zone real estate plans
19 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.