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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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MOSQUITO REPELLENT COILS - 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 production of the mosquito coils dates back from the period around 1890. In the early stages the look and the shapes of an incense stick burned at house hold Buddhist altars, but later on these were gradually improved to the present spiral form, so that they could keep burning for as long as possible. The demand of this product is now on increase year by year not only in India but also is overseas countries. At present there is excellent scope for the manufacture of mosquito coils. So new entrepreneurs can enter into this field.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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Forging Unit For Manufacturing Oil/Gas Pipe Fitting - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Production Schedule

Metals is general and steel particular can be worked into useful shapes by hammering or pressing. This method of metal working is known as forging. A large variety of forgings produced finds applications in innumerable industries including machine building, chemical and pharmaceuticals, textiles, paper and pulp, water sewrage treatment, fertilizers and power plants etc. The demand of steel forgings has been growing for last 2-3 decades. So, there is a good scope for setting up a new forging unit.
Plant capacity: 90 MT/DayPlant & machinery: 631 Lakhs
Working capital: -T.C.I: 2926 Lakhs
Return: 49.00%Break even: 32.00%
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Cardamom 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

Cardamom oil is an essential spice oil. It has very good flavour and large end use in the pharmaceutical industry, cosmetic industry, food industries etc. Cardamom is one of the spice article which is largely cultivated in south India. For the production of oil, there is steam distillation apparatus required. It is used in biscuits, bakery, canning, chewing gum, confectionery, perfumery, cosmetics, soaps and soft drink industries. There is a very good domestic and export market for cardamom oil. Any entrepreneur can enter in the field of manufacture of cardamom oil will be successful.
Plant capacity: 20 Kg/DayPlant & machinery: 6 Lakhs
Working capital: -T.C.I: 111 Lakhs
Return: 57.00%Break even: 29.00%
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Pentane (Low Boiling Hydrocarbon Varied Application) - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Plant Layout

To make a product suitable for sale, the various contaminants and undesirable constituents contained in the raw gas must be removed. The first step is to separate the gas from any liquids and solids. A hydrate is a type of chemical compound called a clathrate, defined as a type of solid molecular compound. It is used in solvent, manufacture of chlorinated derivatives, and blowing agent for polystyrene. There are few in organised sectors are engaged in the manufacturing of pentane from the petroleum refineries or from the wet natural gases. Now indigenous production of pentane and isopentane is 200000 M.T./Annum. There will be growth rate more than 5%. It will remain constant or increase 6-7%. It can be concluded that there will be a good scope for the new entrepreneurs.
Plant capacity: Pentane 6462 MT/Annum, Isopentane 5538 MT/Annum, Powder in Megawatt 540 MW/Annum, Residual Natural Gas 959220 MT/AnnumPlant & machinery: 78 Crores
Working capital: -T.C.I: 154 Crores
Return: 42.00%Break even: 43.00%
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Rice Bran 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

Rice bran is the most important source of edible oil among the unconventional sources. Production of rice bran oil is currently estimated at about 2 lakhs tonnes. Rice is not only the oldest cultivated crop but also a basic food of more people than any other cereal grain. Rice bran generally contains 18-22% oil. It contains an extremely small amount of such items as free fat etc. Bran oil is used in the soap industry. Rice bran wax is an important by product of rice bran oil industry. It can be used in the preparation candles, polishes, cosmetics, emulsifiers and other industrial preparations. In India rice bran industry has made rapid strides only during recent years. At present there are 70 units in the country having a total installed capacity for processing 5,540 tonnes of rice/day, of these little obtained a dozen are in Andhra Pradesh. There is a good scope for starting new units.
Plant capacity: 280 MT./dayPlant & machinery: 789 Lakhs
Working capital: -T.C.I: 6290 Lakhs
Return: 47.00%Break even: 28.00%
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Virgin Coconut 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

Coconut is a small holders plantation crop grown in the humid tropics and tropical regions. India is a major producer of coconut in the world. The countrys production is 12535.9 million nuts from an area of 17.54 lakhs hectares. Virgin coconut oil is obtained from fresh matured coconut. This oil is mainly used as a body massage oil and as an ingredient in ayurvedic medicine. It is used as hair oil. It is applied on the body of babies to protect from skin troubles. There is very good demand of virgin coconut oil rather than general coconut oil. There is demand growth of coconut oil is 10% per annum. Govt. of India declared minimum support price for both milling and edible copra. The prices of coconut oil and copra continued to rule at low level in all the major markets. Virgin coconut oil has very good demand. To looking this increasing demand, we can say that any new entrepreneur can venture into this field.
Plant capacity: 600 MT/AnnumPlant & machinery: 66 Lakhs
Working capital: -T.C.I: 153 Lakhs
Return: 35.00%Break even: 56.00%
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TRANSFORMER 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

These are mineral oils and are used to dissipate the heat generated in electric transformers, switches, circuit breakers and motor starters etc. They also act as electrical insulators. As transformers consume maximum amount of such oils, most of these are also called Transformer Oil. This oil can also be used as electrical cable oils. The main use of this oil is in transformer. In transformer it is used as an insulating fluid as well as cooling media. Almost all Electricity Board and other concern started reclaiming the used transformer oil. The main consuming industries for transformer oil are the electrical industry in transformers. This unit is having very good scope in future. The demand for this oil is increasing year by years. The prize of this oil has shown on increasing trend. To looking its demand, the scope for investment in transformers is bright.
Plant capacity: 100KLS/DayPlant & machinery: 1104 Lakhs
Working capital: -T.C.I: 3031 Lakhs
Return: 45.00%Break even: 30.00%
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SOYABEAN PRODUCTS (SOYABEAN OIL, SOYA PANEER, SOYA EXTRACT)- Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Plant Layout

Soyabean is one of the most important agro based product, which has commercial value after rice, wheat, maize etc. It has commercial value in the field of vegetable oil and soyabean protein. Soyabean oil can be extracted from soyabean by solvent extraction process. Soya protein is extracted out from soyabean as soya paneer. Due to the soya flavour, soya product has peculiar flavour and taste. Soyabean oil is used in the manufacture of margarine, shortening and other edible products. Soya paneer can be used directly as nutritious food. It can be used for the preparation of amino acids and for the manufacturing of different kinds of sweets. China, the fourth largest soyabean producer in the world, used to export 75 percent of its produce. It has become a net importer of soyabean. In fact, India exported 11,000 tonnes of soyabean extract to China valued at Rs.6.86 crore. According to consumer aspect it has been found that soya milk has a very good demand in all over the country. Direct soya milk producer unit is only one in Delhi. Their production is one-lakh pouches per day. It can be concluded that there is very good scope for new entrants.
Plant capacity: (5 MT Soyabean Oil, 1 MT Soya Paneer, 1 MT Soya Extract) Per DayPlant & machinery: 66 Lakhs
Working capital: -T.C.I: 303 Lakhs
Return: 63.00%Break even: 38.00%
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WHITE OIL FROM KEROSENE 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

Deeply refined pale yellow oils are called white oil. In 1934 the white oil manufacturers association (WOMA) divided the white oils in three viscosity grades. The oils of first category are used in the processing of foods, which must not contain more than 0.1-0.6% of the oil. The white oils of the second category can be added to products, which themselves are not foods full tufts but may come into direct contact with foods. It is widely employed in the pharmaceutical, cosmetic and toilet preparation industries. Technical white oils are employed in industries, where highly refined non-medicinal quality oil is required. The use of white oils in the textile industry is important certain high speed sewing machines utilize technical white oils. The demand for white oil is much but the supply of this item is not so much. In future its demand will be more and it would be having a bright future scope.
Plant capacity: 25 MT/DayPlant & machinery: Rs. 950 lakhs
Working capital: N/AT.C.I: Rs. 5 crores
Return: 45.00%Break even: 35.00%
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ESSENTIAL OIL FROM FLOWERS AND LEAVES - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

Essential oil produced from different type of flowers, leaves and herbs by steam distillation or by solvent extraction process using organic solvents like ethyl alcohol or hexane. Distillation temperature varied for different variety of herbs. Essential oil is generally belongs to the natural products. It is required to store in a close airtight container otherwise it will be vaporized away. Cardamom oil is used in biscuits, bakery, canning, chewing gum, confectionery, perfumery cosmetics soap and soft drink industry. Cumin seed oil is used in the perfumery flavour, cosmetics and confectionery industry. Sandal wood oil is used in the pharmaceutical perfumery cosmetics and toiletries industry. A traditional producer of natural essential oils such as Sandalwood oil, Palmarosa oil, Lemongrass oil and Peppermint oil, India has been widely exporting these oils on a monopoly basis to all parts of the world. The trend of exports of essential oils alone from India during past 10 to 12 years. There is a good scope for new entrants.
Plant capacity: 250 Grams Rose Oil / DayPlant & machinery: Rs. 17 lakhs
Working capital: -T.C.I: Rs. 75 lakhs
Return: 57.00%Break even: 40.00%
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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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