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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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Extraction Of Sesame, Rice Bran & Palm Oil - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

Sesame, rice bran and palm oils are used as vegetable oil in the domestic purposes for consumer use. These oils are extracted by using solvent extraction plant or by expeller process. Extracted oil may content wax and gum, it may be refined by physical and chemical treatment. Extraction oil is mostly environmentally friendly working , though there is very lesser chance of air pollution which can be easily controlled. Market demand of vegetable oil in our country is more than the supply by the manufacturers. There is good scope of marketing of vegetable oil in our country. As a whole vegetable oil processing is one of the best project in India, it will be successful venture in future. You can come in this project.
Plant capacity: 15.0 MT/DayPlant & machinery: Rs. 103.0 Lakhs
Working capital: Rs. 266 LakhsT.C.I: Rs. 450.0 Lakhs
Return: 65.24%Break even: 38.54%
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Motor Coil Insulating Varnish - 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

Motor Coil insulating varnish is one of the most useful varnish which is used largely for the coating over the armature coils. Motor Coil insulating varnises, are made by using specific natural resin. melamine resins etc. with specific solvent or, different solvent mix. Basic plant & machineries and raw materials are easily available in domestic market. So it a good as well as technology. Opportunity for a new entrepreneur to invest.
Plant capacity: 2 MT Insulating Varnish/DayPlant & machinery: Rs. 21 Lakhs
Working capital: Rs. 18 LakhsT.C.I: Rs. 115 Lakhs
Return: 30.00%Break even: 48.00%
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Paper Napkins, Toilet Rolls & Facial Tissue - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

Paper is one of the necessities of civilization and it is almost impossible to imagine the continuance of a world with out a printed books and news papers. Facial and toilet tissue papers fall in the category of light weigh sanitary tissue and comprise of items viz facial tissue, sanitary tissue, table napkins such varieties of papers are normally unsized and manufactured in soft, loosely felted conditions. Industries manufacturing paper napkins, toilet paper rolls, facial tissues as well as cigarette and wrapping paper etc. are dependant on tissue paper. It is concluded that there is good domestic and export demand of paper napkins, toilet rolls and facial tissue. The industry may be classed as very prospective.
Plant capacity: 1000 Kgs/DayPlant & machinery: Rs. 6 Lakhs
Working capital: Rs. 38 LakhsT.C.I: Rs. 53 Lakhs
Return: 96.61%Break even: 25.40%
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Paper Napkins - 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

Tissue paper is often used for wrapping as in jewellery, liquors, fruits and florist trades etc. Napkins are manufactured from tissues. Paper napkins are becoming very popular in the catering industry as they are absorbent, hygienic, light and has visual appeal. Paper napkins are used in hotels, restaurants, as a substitute for handkerchief, homes etc. The per capita consumption of paper and paper products are increasing in India and demand for napkins alone has been recorded as 25,000 tonnes. There is good scope for entrepreneurs in this field.
Plant capacity: 400 Kgs./ DayPlant & machinery: --
Working capital: -T.C.I: -
Return: 43.88%Break even: 47.25%
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Toilet Paper Roll - 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

Tissue paper is used for direct inside part wrapping as in jewellery, liquor, fruits, florist trade and for manufacturing paper napkins, toilet papers rolls, facial tissues and neutralised paper for capacitors used in electric and electronic industries as well as manufacture of cigarette and wrapping paper. Airmail papers used for copying and printing also use tissue paper. With growing civilization, the per capita consumption of paper and paper products is increasing. This can be a profitable investment for entrepreneurs as it has good market demand.
Plant capacity: 400 Kgs./ DayPlant & machinery: Rs. 25 Lakhs
Working capital: Rs. 23 LakhsT.C.I: Rs. 76 Lakhs
Return: 37.88%Break even: 54.47%
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Reclamation of Used Engine Oil by Alkali Refining Process (Using Caustic Soda) - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials

The demand of Engine Oil is getting generated mainly from automobiles. It depends not only on no. of vehicles but also on use of the same. Engine Oil shares more than 50 percent of total lube oil consumed in India. Looking to this it has been estimated that the demand for engine oil will increase at the rate which production of auto vehicle is increasing. Hence reclamation of used engine oil is lucrative industry.
Plant capacity: 2 MT/DayPlant & machinery: Rs. 11.00 Lakhs
Working capital: -T.C.I: Rs. 28.00 Lakhs
Return: 80.00%Break even: N/A
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Lube 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

The Indian lube market is today a consumer?s delight with more than 30 players in the organized sector, not to mention the numerous small medium scale and unbranded operators. The lube market is divided into two major sectors automotive for 65% and industrial, which account for 35% last few months, the lubricant industry should also grow in line with the economy. There will be few players operating at national level. There is good market for new entrepreneur. He can invest in the field.
Plant capacity: 5 Kls/DayPlant & machinery: Rs. 25 Lacs
Working capital: Rs. 187 LacsT.C.I: Rs. 256 Lacs
Return: 36.25%Break even: 39.23%
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Refining of Used Engine Oils for Making Base Oil - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

There is availability of large amount of burnt engine oil and almost 40 % of this oil remains unburnt in the total available burnt oil. It can be used as secondary oil by treating it. Certain series of specific treatment is available which is necessary for manufacturing base oil from used engine oil. The required technology is fully available in India and one may avail the technology by using our indigenous expert. The process of refining of used oil is not pollution free. So necessary step must be taken to remove the pollution. Design of plant and machinery is also available here. This oil can be used in cracking process. It can be used as secondary feed stock in the refinery for a catalytic cracker. It can be also used as marine diesel. So, if the raw materials are available here, then it can be a good project to invest.
Plant capacity: 50.00 MT/DayPlant & machinery: Rs. 257 Lakhs
Working capital: Rs. 344 LakhsT.C.I: Rs. 674 Lakhs
Return: 37.47%Break even: 45.89%
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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, Manufacturing Process, Machinery, Plant Layout

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.
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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Poultry & Broiler Farming - Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics

Poultry farming has grown into a full-fledged commercial agro business. The demand for eggs and broiler meat are on the increase with growing population. The concentration and specialization of the poultry industry has led to development of allied industries to supply the products needed to support this industry. Suppliers of housing equipment, hatchery equipment, processing and packaging equipment, health products and feed are all needed to support the poultry industry. The present egg production is about 60,000 millions, while broiler production is 600 millions. Greater growth for this industry lies ahead and the value of poultry products will multiply. This is a very good investment for entrepreneurs.
Plant capacity: 8,000 Broilers/ Annum1.5 Lac Eggs/ Annum1000 Birds / AnnumPlant & machinery: Rs. 28,700
Working capital: Rs. 87,460T.C.I: Rs. 8.21 Lakhs
Return: 19.58%Break even: 56.18%
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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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