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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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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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PACKAGED DRINKING WATER - 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

Water quality and quantity are interdependent, interacting elements of water system. The term water quality refers to the level of suitability of water for specified purposes. Use of mineral water gradually increase in India due so shortage of pure hygienic water and also increase the knowledge of water because pathogenic micro organisms, which are main reason of stomach problem. On this reason a part of the society stored so use safe drinking water i.e. mineral water. There is increase full life, major of the working group has to take travel from one place to another place, by this time they are now habituate to use mineral water. Major of the tourists are only habituated to take safe drinking waters. Packed bottled mineral water is the only main resources in our country to safe drinking water. On that base, it can be concluded that scope of mineral water will be much more increased in the future.
Plant capacity: 10000 Ltrs./dayPlant & machinery: Rs. 60 lakhs
Working capital: -T.C.I: Rs. 180 lakhs
Return: 43.00%Break even: 40.00%
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RECLAMATION OF USED ENGINE 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

Engine oil becomes contaminated with foreign material in service. In circulating systems, where a substantial quantity of oil is involved, it is desirable to maintain it as clean as possible to provide maximum working efficiency and to keep wear and damage of lubricated parts to a minimum. Reconditioning of used oil may be accomplished by a continuous by pass or batch methods or combination of these. Engine oil is used in all types of engines with petrol, diesel etc. Used engine oils are generally discarded after a specific period of use. The present oil crisis has led to the development of certain techniques of refining such oil to make them compatible with fresh oil. In our country (India) about 35% of demand is meet by our own production and rest of the demand is meet up by the import only. Hence, It can be concluded that any type of petroleum product can be easily marketed if its selling cost is less than imported one. So it can be predicted that there is good scope for new entrepreneurs in the petroleum base oil product.
Plant capacity: 1 MT/dayPlant & machinery: Rs. 20 lakhs
Working capital: -T.C.I: Rs. 100 Lakhs
Return: 44.00%Break even: 41.00%
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ROSE PLANTATION AND 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

There are more than 5000 verities of rose in India of which only a few yield essential oils. The verities that are grown in India for obtaining essential oils are rosa damascena mill (Fasli Rosa) and rosa borboniana desp (Edward Rose). The yield of rose oil is about 0.8 to 3.5 total per maund of rose flowers. Rose oils are in constant use as components of a wide range of flower and fancy perfumes and several of them are to be found in every cosmetic. The main use of natural rose oil is found in Perfume Spray Industry, Toilet Soap Industry, Talcum Powder Industry and Agarbatti Industry. It is produced in India in large quantities in Utter Pradesh state. It exports 60% products to overseas market and 40% is indigenously sold. The two major exporting countries are Japan and India and its creditable for this industry to take about 40% of share where other Indian industries have hardly a share of less than 1% of the world market. A new entrepreneur can confidently venture into this field.
Plant capacity: Flower Yield 4000 Kgs/Ha/Annum, Flower Yield 60 Kgs/Day. Avg., 75 Kgs Rose Oil/Annum, 25000 Ltrs. Rose Water/Annum Plant & machinery: Rs. 30 lakhs
Working capital: -T.C.I: Rs. 98 lakhs
Return: 45.00%Break even: 43.00%
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FRACTIONAL DISTILLATION OF ESSENTIAL OILS AND MEDICINAL PLANT EXTRACTS - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study

It is a distillation in which rectification is used to obtain product as nearly pure as possible. Fractionation is carried out at reduced pressure and usually by distilling the oil alone, without leading the water into the retort or injecting live steam into the oil. This process of dry distillation is widely applied in the essential oil industry today. Citronellal has wide use in the perfumery and fragrance industry. It can also be used for head and tooth aches. Borneol is used in medicines, perfumery, flavouring, and chemical esters. Eucalyptus oil is used mainly for medicinal purposes. It is used as an antiseptic and deodorant inhaled for relieving cough in chronic bronchitis, asthma, catarrhol colds and to prevent infection etc. Vinca rosea alkaloids have been receiving increased interest and significance as starting material for pharmaceutical use. The cultivation of vinca rosea has gained a predominant importance. In view of above facts it can be concluded that there is a good scope for new entrepreneurs to venture into this field.
Plant capacity: 100 KGS/dayPlant & machinery: Rs. 118 lakhs
Working capital: -T.C.I: Rs. 295 lakhs
Return: 39.00%Break even: 44.00%
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Extraction and Refining of Castor Oil - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

India is one of the best producers of castor seed. It has very good commercial importance. Above all it content oil, carbohydrate protein, fibre and ash etc. which is largely used for the production of cattle feed. Castor oil has medicinal value, it is used in the different variety of medicinal product. It can be commercially used as antifoaming agent. It has largely used in the cosmetic industry for the production of hair oil. India is the leading producer of caster oil in the world, followed by China and Brazil with 0.8 and 0.4 lakh tonnes respectively. The present annual world trade in castor oil is estimated at about 2.0-2.50 lakh tonnes. The world demand is estimated to be growing at the rate of about 3 to 5% per annum. As a whole this project is one of the good project in India, which has good prospect.
Plant capacity: 10 MT/dayPlant & machinery: 149 Lakhs
Working capital: -T.C.I: 545 Lakhs
Return: 43.00%Break even: 38.00%
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Herbal Hair Oil (Banphool type)- 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

Herbal hair oil like (Ayurvedic) banphool oil is gaining an immense prominence in modern times. It is exhibiting its versatility owing to its embalming effect in alleviating headache and cause soothing effect. The contents used in the preparation of this oil are extracts of bahera, amla, hartago, lawanga, chandan, kewara, jatamansi along with kapur, pudina satta and til oil. The great versatility of herbal hair oil like banphool oil now-a-days is being realized enormously owing to its basic ayurvedic characteristics. The demand of the product surpasses its production. There is an imperative need for the installation of many new units to come up in the field to bridge the colossal demand supply gap. Few new entrepreneurs can confidently venture into its production.
Plant capacity: 14700 Bottles / day each 100 ml. Cap.Plant & machinery: 20 Lakhs
Working capital: -T.C.I: 302 Lakhs
Return: 53.00%Break even: 30.00%
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Bicycle 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, Plant Economics

As a machine, the bicycle is found to deliver about 75 watts, travelling at 18 kmph on a sustained basis, although on a very short term basis power delivered can be 10 times as much. In terms of energy consumed, the bicycle consumes only 0.15 calories per gram of body weight per kilometer, as compared to 0.75 calories while walking. Bicycle continues to be a major means of transportation not only for men and women but also carrying goods-especially in the rural areas. It is used in the industrial countries by children for recreation, sports and for physical activity. The Indian bicycle industry claims to be the second largest in the world with an installed capacity of around 15 mn units. The total world market is estimated at 90 mn units. India has a share of around 13%. The Indian bicycle market is estimated at around 14 mn bicycles annually. There is a good scope for new entrants.
Plant capacity: 7000 Nos. / DayPlant & machinery: 5718 Lakhs
Working capital: -T.C.I: Cost of Project 7861 Lakhs
Return: 41.00%Break even: 47.00%
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Fatty Acid Based on Sunflower Acid Oil - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

Fatty acid is the generic name for an important group of organic acids, which occur in nature mostly in the form of fats, oils and waxes. Fats and oils are glycerol esters of triglycerides of fatty acids, both saturated and unsaturated. In waxes, these fatty acids are present as esters of certain long chain alcohols. Sunflower oil is considered as the premium oil compared to most vegetables oil because of its light colour, high smoke point, high level of linaleic acid and absence of linolenic acid. Fatty acids are sold in various types and forms required for use by industry. The saturated fatty acids find a number of useful applications such as in cosmetics, soap, detergents, printing inks, rubber compounding etc. It is also used in leather industry, wax industry, rainproof files, PVC, laundry soap, textile industry etc. it is very clear that there exists very good scope for this product.
Plant capacity: 3000 MT/AnnumPlant & machinery: Rs. 51 Lakh
Working capital: -T.C.I: Cost of Project Rs. 238 Lakh
Return: 43.00%Break even: 41.00%
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Detergent Powder - 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

Synthetic detergents as an effective substitute to washing soaps have become increasingly popular in the country in the last 25 years. With more and more of awareness amongst all classes of society to maintain healthy ways of livings, this industry is to be manifold. Detergents are used for many purposes and there are wide ranges of uses. The main uses are textile fabrics, cooking utensils, crockery, sinks, drawing surfaces and baths, floors and walls etc. Demand is found to be increasing due to the increase in the population and increase in awareness for cleanliness in people in coming years. Almost 67% of total production of synthetic detergent are produced in small scale sector has a very big production of soap and 50% of total production in small sector. A new entrepreneur can well venture in this field by installing an unit of blue detergent powder to satisfy present and future demand of people.
Plant capacity: 1000 Kgs. / dayPlant & machinery: Rs. 6 Lakhs
Working capital: -T.C.I: Rs. 22 Lakhs ( W/C 2 month)
Return: 48.00%Break even: 46.00%
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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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