UK Companies Poised For Libya Work

British companies are gearing up to compete for billions of pounds worth of contracts in Libya as the oil-rich nation presses ahead with plans to restore its tattered infrastructure, including gas, housing, transport and utilities.

Ahead of elections for the new government expected to be held in June, businesses, officials and advisers are converging on London on Monday for a one-day conference on how companies can best position themselves to win a series of lucrative tenders expected to be awarded over the next few years, according to the Financial Times. 

Much of Libya’s infrastructure is in a dire state, with transport, banking, telecommunications, power generation, education, water and sewerage systems in poor condition even by regional standards. Although its oil extraction infrastructure is considered the jewel of its industrial base, its refineries are widely regarded as outmoded and in need of upgrading.

But Libya is also wealthy. Oil income exceeded $12bn in the first quarter of this year, according to official government figures, making reconstruction plans viable. UK Trade and Investment, which promotes British commercial interests abroad and is backing the conference, has estimated that the rebuilding of Libya could be worth $126bn over the next decade.

This conference was oraginsed by City and Financial and supported by many company and SOC Libya Ltd was one of them and its managing director Tarek Alwan was among the speakers.

For more information about the event please see below

http://www.cityandfinancial.com/conference/rebuilding_libya_2_discounted

Source: Financial Times and SOC Libya

www.soclibya.com  

Libya –The Future 2 conference (Monday 14 Nov 2011 – London)

The event was a part of the dialogue started in September at the initial ‘Libya –The Future’ conference and will focus on how British industry & businesses can help Libya rebuild their country.

The first keynote speaker was Edward Oakden, managing director of UK Trade & Investment (UKTI) Sectors Group, who recently returned from a trade mission to Libya. He outlined how UKTI can assist and support UK businesses entering or re-entering the Libyan market.

The second keynote speaker was Tarek Alwan, Managing Director of SOC Libya Ltd, Who also was in Libya recently and planning to return soon, he gave a presentation about Oil and Gas

Robin Lamb, director general of the Libyan British Business Council (LBBC), gave details of the LBBC trade mission to Libya and the work of LBBC to promote British Businesses into Libya.

There was also be a video conference call to Tripoli to Sami Zaptia MD of ‘Know Libya’ (an Anglo-Libyan company) who was talking directly on progress of getting back to business and ways to facilitate & establish UK business entry and establish local partnerships.

The speaker panel Identified the business sectors who would need to be involved in the rebuilding of Libya in the immediate and medium term future including infrastructure, construction, communications, medical – hospitals, oil refineries, transport services, finance & business systems.

Libya – The Future 2 discussed areas for medium to long term partnership for example further oil exploration, tourism development, retail & service sectors.

Libya – The Future 2 Conference was the second in a series of events being organised by Foley Associates to track Libyan progress and focus on industry sectors. The third event in the series will be a two-day conference, workshop & exhibition showcasing international companies takes place 13-14 February 2012.

More info at www.libya-conference.co.uk

Contact Stephen Foley on 07966 200895 or 01706 378827 info@libya-conference.co.uk