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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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Ginger (Dry, Powder, Flakes, Oil) & Garlic (Powder, Flakes, Oil) Processing Unit - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Material

The food processing industry is a strong component of the larger agro industrial sector. Dry ginger, ginger flakes, garlic flakes and dry powder are all vegetable processed products. In India there are some specific states where ginger and garlic are abundantly available. Processing of ginger and garlic combination is unique combination of vegetable processing which are mostly available throughout the year. Ginger oil and garlic oil both are high valued spice oil. Both of the products are highly demanded items for processing in the dry form of ginger. There is good export market for both the products. In the manufacturing process there is environmental pollution arises, which can be solved by proper treatment. As a whole manufacturing of dry ginger, ginger powder, ginger flakes, garlic flakes, garlic powder & garlic oil is best items of the vegetable processing. There is good scope for new entrepreneurs.
Plant capacity: Garlic Flakes 750kg, Garlic Powder 750kg & Garlic Oil 10kg/Day, Ginger Dry 500kg, Ginger Powder 500kg, Ginger Flakes 500kg & Ginger Oil 10 kg/DayPlant & machinery: 57 Lakhs
Working capital: -T.C.I: 265 Lakhs
Return: 37.00%Break even: 42.00%
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Corn Oil (Maize 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

Maize oil is produced as the big product from the maize. In wet milling industries starch and its product, corn syrup, dextrose, dextrin etc. Are the principal products, gluten feeds and corn oil are the main by-products. Corn products which mainly consist the endosper without separation of starch from gluten such a cornmeal, homing. In the dry milling corn oil may not be produced as by product depending upon the size of the plant. Corn oil contains linoleic acid and oleic acid as the main fatty acids. It is used for salad purposes and margaring. Some of the better refined qualities reach a high degree of excellence as regard taste small & keeping properties and therefore find use for cake and biscuit making as well as for greasing of backing pans etc. There is specific demand and supply gap available. Hence any new entrepreneur enter in this field will be successful.
Plant capacity: 5 Mt/DayPlant & machinery: 56 Lakhs
Working capital: -T.C.I: 257 Lakhs
Return: 41.00%Break even: 41.00%
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Turkey Red 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 Economic

Turkey red oil which are also known as sulphonated castor oil in the trade is the oldest textile finishing agent. This oil should contain the minimum of free sulphur trioxide. Turkey red oil is essentially an intimate mixture of pigments, oil varnishes, driers and frequently waxy or greasy compounds. The ink must posses suitable physical characteristics such as viscosity, length and stock on which it is to be used. Turkey red oil is very important intermediate organic compounds are largely used by the textiles, paper, leather, soaps and other industries, mainly for dyeing and sizing purpose. These industries are fastly developing industries and therefore all the auxiliary chemicals which are used in these industries possess a great demand in near future.
Plant capacity: 1000 Kgs/DayPlant & machinery: 10 Lakhs
Working capital: -T.C.I: 46 Lakhs
Return: 57.00%Break even: 34.00%
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Wetting Oil (Textile Yarn Wetting Agent) - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

Wetting oils are wetting agents having oily consistency. Wetting agents are surface active agents which when added to water causes it to penetrate more easily into, or to spread over the surface, another material by reducing surface tension of the water. Wetting oils because of their growing uses in various industries are having ever increasing demand. The prospect of the industry is very well linked with soaps, detergents, allied products, paints, varnishes any lacquers, leather, paper cosmetics, textiles and various other industries which are fast developing. These industries have very bright future. A new entrepreneur can confidently venture into this field and he will find it highly profitable.
Plant capacity: 1000 Liters/DayPlant & machinery: 11 Lakhs
Working capital: -T.C.I: 61 Lakhs
Return: 45.00%Break even: 43.00%
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Disposable Plastic Cups, Plates and Glasses

The plastic in India plays a very important key role in industrialization. A wide spectrum of plastics and its articles have touched the life of every Indian is many ways through consumer plastics. Disposable cups, glasses and plates are used in daily life now a days. In addition to be used at home these are largely used in parties and other functions. The use of disposable items are increasing day by day due to better hygienic conditions, low cost, easy usability and impressive appearance. Plastic cups are largely used for tea, juices, coffee and other purposes. Having in view the demand of these items, it can be predicted that there is good scope for new entrepreneurs.
Plant capacity: 50,000 Plastic Glass, 25,000 Plastic CupsPlant & machinery: 25 Lakhs
Working capital: -T.C.I: 69 Lakhs
Return: 39.00%Break even: 51.00%
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Extraction of Essential oil and Packing of Ground Spices - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Cost of Project

Spices are Nature’s own production. In the art of cooking these are the magic constituents without which all culinary creations would be dull and lifeless. The essential oils are used in manufacture of flavours, perfumes etc. It is also used in pharmaceutical, medicines, cosmetics and food processing industries. Essential oils and spices both are the high demandable products. There are good domestic and export market for both. So new entrepreneurs can enter into manufacturing of spices and essential oils.
Plant capacity: 12.50 kgs/DayPlant & machinery: 22 Lakhs
Working capital: -T.C.I: 121 Lakhs
Return: 44.00%Break even: 40.00%
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Coolant, Brake Oil, Packing of Lubricant Oil & Greases - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Plant Layout

The vehicle owners should only use the minimum amount of ethylene glycol used based antifreeze to protect the system. The higher concentrate of antifreeze, the less heat the coolant will observe glycol concentration of 60% will obserb up less heat as well pure water coolant. Lubricating oils are the agents, solids, semi solids or liquids employed for reducing friction and preventing wear between Machine parts in relative motion. The lubricating oil and grease market in India is on the order of one million tonnes and growing around 2-3% annually. Coolant is now being used in all vehicles. So its demand is increasing day by day. There is good scope for new entrants.
Plant capacity: 30 Lts. Coolant/Day, 300 Lts. Brake Oil/Day, 1000 Lts. Lube/Day, 1000 Lts. Grease/DayPlant & machinery: 5 Lakhs
Working capital: -T.C.I: 70 Lakhs
Return: 15.00%Break even: 35.00%
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Castor Oil & Its Derivatives - 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

Castor oil obtained by a combination of pressing and extraction from the seeds of castor plants (Ricinus Communis) consist of up to 90% of Triglyceride of Ricinoleic acid, 12 Hydroxy Oleic Acid. The castor oil derivative oleoresin finds an extensive use in medicines viz. carminative and digestive purposes etc. The demand of oleoresins is increasing with the expansion of the end user industries and the product a bright scope as well as good future prospects. Thus a new entrepreneur can confidently venture into the production of oleoresin and he will find it a very lucrative trade.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 0.01%Break even: 0.01%
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Mosquito Coil And Mats - 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

Mosquitoes not only suck human blood but also transport disease like malaria. Mosquito coil is used for repelling and killing of insects like flies, mosquitoes etc. It protects human bodies from mosquitoes without coming into direct contract of human body. It has great demand in India as well as outside India. The competition in this line is very less and its scope of consumption is very large. Since it has more demand, so there is a good scope for new entrants.
Plant capacity: Mosquito Coil 3500 Pkts./Day, Mosquito Mats 1000 Pkts/Day Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Paper Napkins, Facial Paper & Toilet Rolls From Tissue Paper Rolls - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study

Due to Govt. emphasis for popularizing tourism, number of new hotels, holiday resorts, restaurants etc. have demand of paper conversion products like Paper Napkins, facial paper etc. Paper napkins, facial paper & toilet rolls obtained from tissue paper are absorbent, lightweight & hygienic, Paper Napkin is used in hotels, restaurants and as a substitute of handkerchief. There is good demand of tissue paper rolls both internal & for export. So, there is good scope for new entrants.
Plant capacity: 2 Mt Toilet Rolls, 2 Mt Facial Paper, 6 Mt Paper Napkin (Per Day) Plant & machinery: Rs. 41 Lakhs
Working capital: -T.C.I: Rs. 600 Lakhs
Return: 69.00%Break even: 23.00%
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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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