Prime sector spending
Libya's National Development Plan focuses on:
- housing – 70,000 units a year are needed to keep pace with the growing population
- road and bridge building – including 2,000 kms of road improvements
- power and electricity – the power sector is set to double in terms of output from 4,700MW to 9,700MW within the next five years at a projected cost of US$7.5 billion
- water and sewerage projects – US$6 billion has been allocated to waste water systems and management
- social services sector – the construction and equipping of schools and hospitals
- seaports renovation – there are ambitious development plans to bring the ports and logistics
network up to international standards in terms of design, equipment and efficiency
- airports construction – a new terminal at Tripoli International Airport and the construction of a new airport in Benghazi are a priority
- safety and security – integral to all new projects are industrial and commercial safety and security issues. Equipment and technology for general health and safety — cctv, access control, perimeter security, fire safety and
security — is fundamental to all new project development
- tourism – dramatic growth in hotel construction is forecast to increase the number of beds to 10,000 by 2010 as part of a US$7 billion tourist development plan.
Such huge development will put heavy demands on other areas of the economy creating opportunities for the provision of expertise in the services sector, not least in education and training; and business and finance.
|
