Libya

Al Motahedoon LLC has been serving clients in Libya for decades. During this period, the firm has obtained extensive experience in the Libyan marketplace servicing both local and international clients alike.   

With the lifting of the UN's economic sanctions in 2003 and the Government's initiative to privatise 300 state-owned companies by 2008, Libya has experienced a significant increase in its economic activity. Libya had an estimated GDP of USD 37 billion in 2005 (for a population of 5.9 million) and its GDP is expected to grow in real terms by 8.1% in 2006. The Oil and Gas sector accounts for over half of its GDP and its current GDP per capita is one of the highest in North Africa. Libya accounts for almost 20% of foreign direct investment (FDI) inflow into Africa. With a USD 7 billion surplus in oil revenue, the Libyan government is looking for further development in its Oil and Gas sector and has led to a proliferation of this sector.  Surveys have named Libya as an attractive global prospect for Oil and Gas exploration activity.  

Libya has a rich heritage hospitality and construction, the hospitality sector within Tripoli has been experiencing strong economic expansion.

Office Address Mail Address
Tripoli
Al Motahedoon Company Chartered Accountants and Registered Auditors - LLC
PricewaterhouseCoopers
Aldool Street
Ben Ashoor
Tripoli, Libya,
Tel + 218 21 3609830/32 - 7290818,		 Al Motahedoon Company Chartered Accountants and Registered Auditors - LLC
PricewaterhouseCoopers
PO Box 81577
Tripoli
Libya
Fax: +218 21 3609834

It has been announced by the General Peoples Committee for Economy & Trade that it has started registering Trade Agencies in Libya, from 1st of January 2003, it is prohibited to contract with any foreign entity concerning importation of goods to Libya, unless they have certified trade agencies in Libya according to the Laws and regulation of the Trade Agency Law.