About Libya Monitor

 
Libya Monitor (previously called The Libya Report) is the country's leading source of economic, business and financial information.
 
The website features:
  • Business news and analysis 
  • Tenders
  • Profiles of around 600 Libyan companies and government entities, with management and contact details
  • Listings of local and international events on Libya
  • Stock market data
  • Economic and financial data from local and international sources
  • Periodic sector profiles, factsheets, reference documents and other analysis 
For more specific information about the site, please visit our FAQs section.
 
Libya Monitor is published by Frontier, a research and advisory company that has worked in Libya since 2008. We strive to meet the highest standards of editorial quality and are fully independent, with no links to any political or religious organisations.
 
The full content on our site is accessible only by subscribers, but it is free to register and receive our weekly newsletter. 
 
Subscription costs are as follows:
 
Annual single-user license £650 (LD1,750)
6-month single-user license £450 (LD1,350)
Additional user £120 (LD360)
10+ user package or IP level access Contact us
 
These prices do not include VAT, which will be added where applicable. 
 
 
 
Alternatively, please email Abdulsalam at sales@libyamonitor.com directly.
 
  • Our Blog is publicly accessible, and you can follow us on Twitter using @LibyaReport
  • To receive our free weekly newsletter by email, please register your details.
  • To contact us, click here

About Libya

Libya is undergoing a transition towards a new political and economic structure in the wake of the 2011 revolution. This transition will be neither smooth nor short, but there is plenty to suggest that the country will be one of the region’s quickest-growing and highest-potential markets in the years ahead.

Libya is a vast country, the third largest in Africa, with a population of approximately 6.5 million. The oil sector remains the dominant driver of GDP growth, and generates more than 90% of government revenues and 95% of the country's export earnings. Output in the first half of 2013 averaged 1.4 million barrels per day (bpd), not far off pre-2011 levels, although disruption since July has caused production to plummet in the latter part of the year. Libya’s proven oil reserves are estimated at roughly 45 billion barrels, the largest in Africa.

Outside of the energy sector there is significant potential for growth in areas as diverse as telecoms, retailing, construction, real estate, tourism, mining, manufacturing and fishing. Education, transportation and healthcare provision were all highly underdeveloped under the Gaddafi regime and are in need of new investment and expertise. The Libyan private sector, moreover, is now playing a much greater role than it did before 2011. 

Elections for a new assembly, the 200-member General National Congress (GNC), were held in July 2012. The new body is tasked with overseeing Libya's ongoing political transition, which includes the drafting of a new constitution, and to prepare for full legislative elections. The National Transitional Council (NTC), which was formed in February 2011 at the onset of the Libyan uprising, formally handed over power to the GNC in August 2012.

Doing business in the new Libya will require patience and homework, both for local and international companies. But the underlying economic, demographic and social factors point towards the country having a bright long-term future and offering significant business opportunities.