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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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Oxygen and Nitrogen Gas Plant - 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

Oxygen (CO2, gas at 00/1 matm., 1.429g./l, crit. Pressure, 49.7 Matm.) is a colorless, odourless, and tasteless gas, somewhat heavier than air. It is one of the most active elements and plays on essential part in the respiration of living cells and in combustion. Oxygen is required for cutting and welding of steel materials for manufacturing and repairs is various industries. Ship repairing, fabrication works etc. require large amounts of oxygen. It is also required for medication purpose and deep sea driving. Nitrogen gas used in the production of ammonia which in turn is used for the manufacture of urea and ammonium phosphate, which are fertilizers of great use. It is used for blanketing hazardous chemicals which will an inert atmosphere. Liquid Nitrogen is also used to maintain low temperatures during the transportation of frozen food. Oxygen and Nitrogen are the most important industrial gases. At present there are 190 units in the country. As the quantity of oxygen required in integrated steel plants is huge. The excess oxygen is compressed and bottled in steel cylinders and supplied to engineering industries. There is a very good market for new entrepreneur.
Plant capacity: 1440 Cubie Meter/DayPlant & machinery: 50 Lacs
Working capital: 18 LacsT.C.I: 101 Lacs
Return: 18.19%Break even: 75.00%
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Fully Automatic Match Box With Match Sticks (Wooden Match Sticks & Waxed Strips) - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials

The various sizes and type of match boxes are largely used in all the homes commercial section shops and industries. The Match phosphorus coating labels in two narrow sizes. General purpose match boxes are generally made by using paper boxes, match stick carrier or filler made by paper and soft wood pieces which is shunt fitted in the box, carrier content match sticks and filled in the carrier then covered by the paper to form match boxes. Tiny small and medium scale matches factories are available in India. This is very large common used items not only in India but through out the word. There is very negligible export or import is available of this product. 5% growth demand of match boxes in each year. There is very good scope for new entrants.
Plant capacity: 1500 Lacs/AnnumPlant & machinery: 86 lacs
Working capital: -T.C.I: 213 Lacs
Return: 42.00%Break even: 43.00%
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Tyre Retreading And Repairing Facility For Heavy Vehicles - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Plant Layout

Automobile tyres are quite costly in India, and are manufactured only by big manufacturers. Retreading is replacement of worn, cut or loose treads by saw gums or retread band. The old useless tyre can be made to run for an almost equal mileage as a new tyre by retreading within the cost not exceeding one-third of that of a new tyre. The life of the retreaded tyre is about 80% of that of a new tyre. The retreaded and reclaimed tyres are quite satisfactory survives on roads and rough land a like. Retreading & reclaiming applies to all the worn out tyres may it be Truck, Bus, Car, Tractor, Trawler or these of Airoplanes Commercial Vehicles, along with the railways, constitute lifelines of the economy. These means of transportation deliver the goods needed by the populace besides supplying inputs to industry and other economic activates. Good demand for retreading is in India and it will increase day by day. So new entrepreneur enter in this business will be successful.
Plant capacity: 100 Tyres Retreads/Day & 2Nos. Heavy Vehicles Repairing/DayPlant & machinery: 25 Lacs
Working capital: 18 LacsT.C.I: 71 Lacs
Return: 89.00%Break even: 28.00%
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Black Pepper 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

The trade distinguishes between two principal types of pepper, viz., the black and the white both derived from the same plant piper nigrum L. (fam. Piperaceae), a climbing or trailing vine – like shrub native to southern India. Black pepper is the dried whole unripe fruit of this plant. Pepper is one of the most important and oldest spices. Oil of pepper is valuable adjunct in the flavouring of sausages canned meats, soups, table sauces and certain beverages and liquors. The oil is used also in perfumery, particularly in bouquets of the oriental type, to which in imparts spicy notes difficult to identify. There are few in organized and few in unorganized sectors engaged in the manufacturing of spice oils with black pepper oil. Most of the production of India is exported to European countries and Japan. About 30% - 50% of the products used by the hotel industries and food industries. This is also used in the cosmetic industries. It can also be estimated that the rate of production growth may touch about 10% per annum. On that base it can be predicted that there is bright scope for few new entrepreneurs. You can well venture in this project. There is a very good scope for new industry in this field
Plant capacity: 45000 Kg/AnnumPlant & machinery: 55 Lacs
Working capital: -T.C.I: 148 Lacs
Return: 45.00%Break even: 69.00%
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Cover All Boiler Suits - 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

Boiler Suits are special type of suits which has largely Industrial value in the world. Most of the Industries in the world run by using small medium , or heavy boilers otherwise it may have furnances over or direr. There is good habit to use apron for operating the above said mechanical machine. All the above said machines produce radiation heat as well as produce solid dust carbon particles and produce also toxic gases. Apron help to save the operators heat. Generally aprons made by special type cottons or polyesters or fire proof textile specially cottons made. Raw materials for manufacturing of this product is easily available globely and plant machineries which require for this production is also available in all countries. There is no environmental pollution this industry. The waste available is solid textile waste which can be further reprocess to new product. It is used by the boiler operators, oven operators, furnace operators, autoclave operators etc. in India there are plenty of heavy and medium scale industries in the line of chemical, food, biotechnology and pharmaceuticals. These all .industries are users of boiler suits. It can be assumed that each industry use boiler suits average 8 nos./annum per operator. There are very few manufacturers manufacturing branded boiler suits. It can be concluded that there is good scope for the new manufacturers if they enter in this field of manufacturing. There is very bright future for new entrepreneurs.
Plant capacity: 200 Nos./DayPlant & machinery: 63 Lacs
Working capital: 73 LacsT.C.I: -
Return: 35.00%Break even: 45.00%
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Nerol Soap And Detergent - 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

Chemically speaking soaps are salts of fatty acid, generally mixture of various such salts. Based upon their properties, soaps are broadly classified in two types, namely water-soluble and water insoluble soaps. Fatty acid salts of alkali metals like sodium, potassium etc. With the exemption of lithium and certain nitrogenous bags constitute the water soluble class, while fatty acid salt of alkaline earth and heavy metals are the water insoluble class. Soaps are which used as cleaning agents are of water soluble type. It is used for cleaning dirty clothes. There is a very few in organized sectors are engaged in the production of Nerol soap. But there are many private organizations engaged in the manufacturing of Nerol type soap. The indigenous demand growth 5% per annum. Detergents are available as powder bars and liquid. Bars make up for almost half of the market while liquids have an around 5% to 7% percent of the market. There is good scope for new entrepreneurs if they can produce good quality Nerol soap and detergent.
Plant capacity: 8 MT/DayPlant & machinery: 55 Lakhs
Working capital: -T.C.I: 217 Lakhs
Return: 38.00%Break even: 47.00%
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Crude Oil Refining (Refinery) - 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 American petroleum industry had its inception when the now famous drake well was drilled in the year 1859. The ratio of proven reserves to production in the US in 1957 stood at 11.9 to 1. The ratio does not indicate that there are only twelve and one half years to go before the US reserves are exhausted. Now pools are continuously being discovered and when proven add to the known reserves. Nevertheless, this ratio does indicate an increasing reliance on foreign crude oil. Domestic crude oil production together with liquid products from natural gas and coal tars amounted to 2,749,023,000, leaving a deficit of 322,625,000, which is made up by an excess of imports over exports. The US is depending upon foreign supplies for about 15 percent of its requirements. The largest tank ship now building is of 106,000 D.W. tones, has a speed of 18 knots and carries 820,000 barrels of oil a giant larger than the Queen Mary. Ships of 45,000 to 60,000 D.W. tons are already in service and others of 80,000 upward to the 106,000 tons giant are under construction. Thank ships bring the crude oil to the coastal refineries from producing centers such as the Texas-Louisiana gulf coast and from foreign sources, principally Venezuela and the middle east. Every industry used it. Most of the domestic people uses it in the house. In the every commercial industry used it. The energy demand is expanding worldwide especially in low consumption developing countries. India is no exception. In fact to be able to catch up with the global development the demand from the developing countries is bound to expand. World wide the oil demand is likely to grow from the present 76 mm barrels a day (bpd) to 115 mm barrels a day in 2020, a growth of 2 mm barrels a day each years. Any entrepreneurs may come into this field will be successful.
Plant capacity: 200000 Cube Meter/DayPlant & machinery: US $ 273.3 Million
Working capital: N/AT.C.I: US $ 3083 Million
Return: 1.00%Break even: 12.00%
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Rose Oil Extraction - 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

There are more than 5,000 varities of rose in India of which only a few yield essential oils. The varities that are grown in India for obtaining essential oil are rose damascene mill (Fasli Rosa) and Rosa borboniana desp (Edward Rose). Cosmetics and toiletries play on important role in the day to day life of men and women. The day starts and ends with the use of some cosmetics and toiletry or the other beginning from Soaps to Dental Cleaners, Shampoos, Hair Oils, Creams, Baby Powder, after Shave Lotion, Medicines, Sherbats, Room Fresheners etc. It exports 60% products to overseas market and 40% is indigenously sold. Rose oils has very good domestic as well as export market. It is advisable for new entrepreneurs to venture in to this field.
Plant capacity: 500 gms/dayPlant & machinery: 16 Lakhs
Working capital: -T.C.I: 91 Lakhs
Return: 43.00%Break even: 41.00%
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Rose Oil Extraction - 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

There are more than 5,000 varities of rose in India of which only a few yield essential oils. The varities that are grown in India for obtaining essential oil are rose damascene mill (Fasli Rosa) and Rosa borboniana desp (Edward Rose). Cosmetics and toiletries play on important role in the day to day life of men and women. The day starts and ends with the use of some cosmetics and toiletry or the other beginning from Soaps to Dental Cleaners, Shampoos, Hair Oils, Creams, Baby Powder, after Shave Lotion, Medicines, Sherbats, Room Fresheners etc. It exports 60% products to overseas market and 40% is indigenously sold. Rose oils has very good domestic as well as export market. It is advisable for new entrepreneurs to venture in to this field.
Plant capacity: 500 gms/dayPlant & machinery: 16 Lakhs
Working capital: -T.C.I: 91 Lakhs
Return: 43.00%Break even: 41.00%
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Ginger Oil (Super Critical Co2 Process) - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

Ginger is one of the most important and oldest spice used in every kinds of food preparation. There are two general types of ginger viz. fresh green ginger used for the preparation of candied ginger (in Sugar Syrup) and dried or cured ginger applied in the spiced trade for the distillation of its volatile oil. Ginger possesses a warm pungent taste and a pleasant odor, hence its wide use as a flavourant in numerous food preparation and beverages, ginger bread, soups, pickles, and many popular soft drinks. Like most pungent spices, ginger is consumed all over the world, particularly in tropical or warm countries. It dilates the superficial vessels of the spine, resulting first in a feeling of warm. There is good scope for new investment.
Plant capacity: 40 kg/DayPlant & machinery: 158 Lakhs
Working capital: -T.C.I: 282 Lakhs
Return: 26.00%Break even: 58.00%
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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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