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Best Business Opportunities in Libya, Africa - Identification and Selection of right Project, Thrust areas for Investment, Industry Startup and Entrepreneurship Projects

What are the Natural Resources in Libya?

Libya, with its huge natural wealth, may be termed North Africa's best-kept secret. Libya is 80 percent desert (mainly Sahara), but it is anything but hidden, since it is positioned near to two of the world's largest bodies of water and has one of the world's largest oil reserves. Iron ore, manganese, chromium ore, asbestos, and gypsum are all abundant in the country. It contains untapped mineral resources worth an estimated $200 billion! Natural gas reserves are also plentiful. Libya, in reality, has more than 35 trillion cubic feet of proven gas reserves, making it the sixth largest in the world. As if that weren't enough, Libyan soil has significant amounts of copper and gold. According to estimates from the United States Geological Survey, Only off Libya's Mediterranean coast can you find up to 200 million barrels of crude oil! Libyans should have no trouble making money for years to come with all of these natural resources at their disposal. Consider how you might profit from these important commodities if you want your business idea to flourish in Libya. Is it possible that your company will specialise in mineral extraction or petroleum processing? Perhaps it will entail the transport of commodities across international waters? Or perhaps it will provide some form of agricultural service? You can expect that Libya's enormous natural resources will play a key part in your company's success, regardless of what you do.

 

What are the Business Opportunities in Libya

Libya used to be renowned for having Africa's highest Human Development Index. The discovery of gas and oil in the 1950s transformed the country into one of the richest in the region, and effectively made it Africa's third richest country. Libya has progressed in our health as a result of the finding of hydrocarbon wealth. The answer is complex and varies depending on how much danger you're willing to accept. If you're interested in trading, investing in Libya, or importing/exporting goods from/to the country, there have been various new laws implemented since 2011 that have streamlined trade permits and import/export restrictions. Foreign corporations can now own 100% of their Libyan subsidiaries (up from 60% previously), although Libyan residents must still own the majority of them. As Foreign companies with a minimum capitalization of $50,000 can also open completely owned subsidiaries in Libya as of 2015. There are plenty of local business opportunities for investors hoping to profit from Libya's reconstruction effort:

 

Reasons for starting a business in Libya

Libya's economy is based on free market principles. Petroleum, petroleum products, natural gas, and petrochemicals are all produced and exported. The working force numbers over 5 million people, with women accounting for 52% of the workforce, and unemployment is at 20%. If you want to start a business in Libya but don't know where to start, this is the place to go.

The Libyan economy is mostly based on oil profits, which account for 80% of export earnings, 45% of GDP, and 90% of government revenues. Oil production expansion aided in accelerating economic growth from 1.4 percent per year between 1969 and 1999 to 4.1 percent per year between 2000 and 2008. Reasons for getting started

 

Business-Friendly Policies and Government Initiatives;

As a new entrepreneur, you may be wondering if your country is good for business; as of 2016, enterprises that are at least 51 percent Libyan-owned, employ at least 100 people, and have at least $1 million in paid-up capital are eligible to apply for an operating licence. A business that meets these requirements will be granted a five-year license; businesses with fewer than 100 employees will be granted a four-year license. In addition, businesses with yearly revenues of less than $10 million can operate without obtaining a licence, but must file annual income tax filings. Currently, all foreign investors who intend to create or acquire a business must comply with Law No. 10/2012 on Investment Promotion. A stake of more than 20% in any corporate entity requires authorization from the General People's Committee on Foreign Investment (GPC). Prior notification is what it's called, and it's issued based on a set of general criteria established by The GPC.

 

Libya Industrial Infrastructure

Libya has a plethora of industrial facilities. It has a well-developed infrastructure within its borders, making it an ideal setting for companies looking to enter Libya's competitive industrial sector. However, before deciding whether or not to do business in Libya, there are various aspects to consider. This will assist you in ensuring that your business has every possibility to succeed and profit while doing so. Here are a few examples of what I'm talking about:

Libya's economy is driven by oil production and exports (80% of GDP), which account for the majority of the country's foreign exchange revenues. Agriculture, industry, and services are the three primary sectors after oil. Agriculture was once a significant element of Libya's economy, but it has since collapsed. During WWII, land was repurposed for different use. It now accounts for only approximately 3% of GDP while employing 12% of the workforce. Fishing also offers sustenance for locals; Libyans devour more fish per capita than anyone else in the planet—roughly 140 pounds per year! In 2010, industry provided 40% of GDP and employed 16% of the workforce. Petroleum products, textiles, apparel, refined petroleum products, chemicals, construction materials, plastics items, and processed foods among its most well-known products. Despite not having as many natural resources as many of its neighbours, Libya has proven deposits of high-grade crude oil that account for nearly all of its export profits.

 

What are the steps for Starting a Business in Libya

Seek guidance and make meticulous plans.

-Applications for permits, licences, and other authorizations are required.

-Decide on the structure of your company.

-Decide on a suitable site for your company.

-Determine finance sources as well as capital needs, such as property and equipment acquisitions or leasing expenditures.

-Draft a start-up plan with cash flow predictions (including a timetable).

-Decide how you'll get the goods and services you'll need for your firm.

-Choose the accounting system that will be used.

-If applicable, finalise contracts with vendors, contractors, employees, landlords, and others.

-Make sure you have both general liability and workers' compensation insurance.

 

Market Size of Libya

The market is expected to be worth more than $30 billion, or more than half of Tunisia's Gross Domestic Product (GDP). To put that in perspective, that is twice the size of Morocco's GDP and three times the size of Egypt's. Consumer spending on health care, education, food and beverage, tourism and travel, telecommunications equipment and services, automotive sales, and construction materials is included in this statistic. Libya's economy has been quickly rising since 2003, and it is anticipated to rise by 8% in 2011. In reality, according to Global Insight, a U.S.-based research organisation, Libya will be among Africa's fastest-growing economies over the next five years, with annual growth averaging 7%.

 

Industrial growth

Libya's GDP was estimated to be $69.75 billion in 2011, accounting for about 1.7 percent of global GDP (GDP). The GDP for 2012 is expected to be around US$39 billion. Libya is expected to have a nominal GDP of more than $100 billion by 2017, and will be one of Africa's top ten economies. Other natural resources include gypsum, limestone, sulphur, marble, and salt, in addition to oil production and export. Libyans consume the most water per capita in Africa, with each Libyan consuming 230 litres a day on average. Libya's GDP was estimated to be $69.75 billion in 2011, accounting for about 1.7 percent of global GDP (GDP). The GDP for 2012 is expected to be around US$39 billion. Libya is expected to have reached a point of no return by the end of the year. It will have a nominal GDP of more than $100 billion, making it one of Africa's top ten economies. Other natural resources include gypsum, limestone, sulphur, marble, and salt, in addition to oil production and export.

We can provide you detailed project reports on the following topics. Please select the projects of your interests.

Each detailed project reports cover all the aspects of business, from analysing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. The scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet etc.

We also offer self-contained Pre-Investment and Pre-Feasibility Studies, Market Surveys and Studies, Preparation of Techno-Economic Feasibility Reports, Identification and Selection of Plant and Machinery, Manufacturing Process and or Equipment required, General Guidance, Technical and Commercial Counseling for setting up new industrial projects on the following topics.

Many of the engineers, project consultant & industrial consultancy firms in India and worldwide use our project reports as one of the input in doing their analysis.

We can modify the project capacity and project cost as per your requirement.
We can also prepare project report on any subject as per your requirement.

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Edible Corn Oil - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Layout

Edible corn oil is manufactured from maize, wheat and other corn bearing oil by solvent extraction process. Corn generally contains oil. There are several stages required for the production of refined corn oil. In India there are few manufacturers of corn oil, say almost it is negligible comparison to other oil extraction unit. There is about 35% vegetable oil imported in or country. So it is better for a new entrepreneur to invest.
Plant capacity: 10 MT Corn Oil/ DayPlant & machinery: Rs. 3 Crores
Working capital: Rs. 5 CroresT.C.I: Rs. 11 Crores
Return: 35.00%Break even: N/A
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Coconut Oil from Copra - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue

Copra, the main product of coconut, forms an important source of vegetable oil and contains 65 % oil. Fully matured nuts give high yields of copra of good quality. Coconut oil is extensively used for edible and industrial purposes, as a ghee substitute , and the major industrial use of coconut oil is in soap manufacture. Coconut oil is used in pharmacy as an ointment base. India ranks third in coconut. From the present production of 12,000 millions, the deficit to be covered in 6000 million nuts. There is huge market potential from this project for entrepreneurs.
Plant capacity: 10 Ton/ DaysPlant & machinery: Rs. 27 Lakhs
Working capital: Rs. 215 LakhsT.C.I: Rs. 295 Lakhs
Return: 41.40%Break even: 44.17%
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Ginger Oil - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics

Ginger is one of the most important and oldest of spices used in every food preparation. It has a warm pungent taste and a pleasant odor hence it is widely used for flavouring in various food preparation and beverages, ginger bread, soups, pickles and soft drinks. The oil is contained chiefly in the epidermal tissue; so unpeeled ginger has much appeal for distillation than peeled ginger. Cochin and Calicut (in India) produces the finest grade with the most delicate aroma and taste. For the extraction and distillation of this oil, both fresh green ginger used for the preparation of candied ginger (in sugar syrup) and dried or cured ginger applied as spice are used. Fresh ginger is sometimes used in the preparation of ginger wine or used as beverage in some countries. There are also various uses of dried ginger. It is a well accepted fact that India is the largest producer of ginger in the world, exporting in three forms ? fresh (green), pickled or processed and dry. There is a large market for both fresh and dried ginger. The main application of ginger oil are confectionery beverages and baked products. There is also a minor outlet for the perfumery industry. There is good potential for entrepreneurs in this field.
Plant capacity: 10 Kgs/DayPlant & machinery: Rs. 6 Lakhs
Working capital: Rs. 19 LakhsT.C.I: Rs. 42 Lakhs
Return: 1.00%Break even: 31.63%
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TAMARIND BASED PRODUCTS- Tartaric Acid, Food Colour, Crude Pectin, Tamarind Oil, Tamarind Protein - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery

India is the major producer of tamarind in the world. In the tropic zone, tamarind is used in many dishes or traditional drinks, but the commercial cultivation of the crop was initiated only recently. Every part of the tree is useful, specially the fruit. The sweetish acidic pulp of the fruit is the product of commerce. Recently, much attention is given to the various constituents in tamarind, which find use in both medicinal and industrial field. The ripe tamarind fruit can be separated into pulp and kernel, both having diversified uses in medicine and industry Tamarind products possess good export potential. Even though, traditional processing is widespread, its commercial uses or unknown and underdeveloped. The growing demand for tamarind and its products should be encouraged at the farmers level, by developing high yielding short term varieties and effective breeding techniques. There is no doubt that tamarind has got a glorious future ahead, provided sufficient attention and encouragement is provided at all levels.
Plant capacity: 3200 Kgs./DayPlant & machinery: Rs. 112 Lakhs
Working capital: Rs. 230 LakhsT.C.I: Rs. 494 Lakhs
Return: 31.52%Break even: 53.09%
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Soyabean Oil, Soya Paneer and Soya Extract - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

Soyabean is one of the most important agro based product which has commercial value after rice, wheat, maize etc. It is generally cultivated in the tempered region with water availability. It is generally matured in the month of November. Soyabean oil has commercial value in the field of vegetable oil. Soyabean oil can be extracted from soyabean by solvent extraction process. All of the soyabean products, due to its high nutritive value and protein content, is becoming more and more common in the daily diet of Indian population. It is widely consumed by household, hotel and restaurants, international and boarding places and by many other sectors. The main popular products from soyabean are soyabean oil, soyabean milk and soya paneer, soyabean extract, oil cake etc. Due to its high nutritive value and moderate price the demand of soyabean right now are increasing immensely. So as a whole it is a good project to invest for a new entrepreneur.
Plant capacity: 15.00 MT /Day 19.75 MT Soyacake /DayPlant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Alkyl Resin from Cotton Seed Oil - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost & Revenue

The term alkyd was first used by Kienle in 1927 to describe the polyesters resulting from the reaction of polyhydric alcohols and poly functional acids. Though many newer resins have appeared in the past quarter century, alkyd resins still represents the single largest quantity of solvent soluble resin, produced for using surface coating industry. An alkyd resins are polyester, they are subjected to normal easier hydrolysis that is sensitive to water, acid and alkali, particularly when they are dried by oxidation. It is poly esterification products derived from organic acids and alcohols. It also be processed directly from fatty acids. It is uses as paints, marine paints and baking enamels. The demand of alkyd resin is enormous in Indian and overseas market. Thereby it is a fair project for new entrepreneurs.
Plant capacity: 5.00 MT /DayPlant & machinery: Rs. 57 Lakhs
Working capital: Rs. 184 LakhsT.C.I: Rs. 327 Lakhs
Return: 29.88%Break even: 49.48%
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Essential Oil From Lily, Mogra, Nishigandha - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

The application of essential oils are very extensive and cover a wide range of human activities. A few important uses are in the manufacture of soaps, cosmetics, perfume, confectioneries, perfumes, chewing delicacies aerated water and syrups. Besides perfumery application they are also used in pharmaceutical industry because of their antiseptic, carminatium varied from 0.5% to 1.5%. A vital pre requisite for successful marketing for these products is a thorough understanding of the channels and procedures by which the product pass from distillers/manufacturers to end users. This is an important as awareness of the size and breakdown of the market. There is need for new producer to establish and maintain, as early as possible.
Plant capacity: 5.0 Litres/DayPlant & machinery: Rs. 7 Lacs
Working capital: Rs. 11 LacsT.C.I: Rs. 29.00 Lacs
Return: 72.62%Break even: 33.08%
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Essential Oil from Flowers (Rose Oil) - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

Roses are cultivated in public and private horticultural gardens and nurseries throughout the country. A few scented varieties are cultivated on a small scale in U.P. for manufacture of rose water, gulkand and rose attar. The colour of rose oil is pale yellow, green or red transparent with a mild sweet taste and strong odour. Rose oils are in constant use as components of a wide range of flowers and fancy perfumes and many are found in cosmetics. Since the natural rose is highly costly compared to synthetic rose oil, the natural oil is being replaced by synthetic oils. The main use of natural rose oil is in perfume spray industry, toilet soap industry, talcum powder industry, agarbatti industry. U.P. exports about 60 % to overseas market and 40 % is sold indigenously. The largest buyers of scented agarbattis are USA, Nigeria, Singapore, S. Arabia, Kuwait, France, UAE and Yemen Republic. Cosmetics and toiletry have been an important part of every person?s life, rich or poor. Hence these products always have users and their demand is ever increasing. Any entrepreneur can invest in this field with a mind on export.
Plant capacity: 500 ML/DayPlant & machinery: Rs. 16 Lakhs
Working capital: -T.C.I: Rs. 91 Lakhs
Return: 43.00%Break even: 41.00%
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Extraction of Neem Oil - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue

The neem tree is considered as one of the important natural resources possessed by India, in view of its variety of applications. Neem oil is obtained from the seeds of neem tree also known as Margosa, which grows all over the country in areas like U.P., Rajasthan, Tamil Nadu and Andhra Pradesh. Neem contains several aromatic compounds which repel insects. Neem hasalso shown great promise as a potential fertiliser . Neem cake is widely used in Indian to fertilise cash crops, protecting the root from nematodes and white ants. Neem oil is acried, yellow, bitter in taste and has a disagreeable garlic like odour. It is best used in pharmaceutical and pesticides industry. It is used as antifeedant, repellant, insecticide and growth disruptor. Refined neem oil is used for manufacture of technical oleic acid, stearic acid and production of quality soaps. It is used to treat skin diseases like scrofula indolent, ulcer, sores and ringworms. Present demand for the production of herbal medicine and herbal-based cosmetics is around 30 ? 35 %. Neem wood has good commercial value as well as neem leaves and seeds which are required to produce neem oil. Commercialisation of neem plantation can be very profitable.
Plant capacity: 50 Kgs/DayPlant & machinery: Rs. 9 Lakhs
Working capital: Rs. 3 LakhsT.C.I: Rs. 30 Lakhs
Return: 25.77%Break even: 68.49%
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Herbal Natural Essential Oil (Super Critical Liquid Carbon Dioxide Process) - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Cost of Project

Herbs like pudina, Palmrosa, citronella etc. can be easily used for the steam distillation process for the distillation of essential oil, but tube rosa, rose can not be used for steam distillation process since by steam temperature it break down its entity and oil loss its property. Liquid carbon dioxide supercritical process can be applied in all cases. Though it is a costlier process, but the product comes out in pure form and yield is much more higher than steam distillation. Essential oils has very good domestic as well as export market. It is advisable for new entrepreneur to set up in this field.
Plant capacity: 51 Kgs/DayPlant & machinery: Rs. 76 Lakhs
Working capital: Rs. 67 LakhsT.C.I: Rs. 190 Lakhs
Return: 15.48%Break even: 69.75%
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Information
  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
  • We can modify the project capacity and project cost as per your requirement.
  • We can also prepare project report on any subject as per your requirement.
  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.

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