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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 Rose Flowers - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost & Revenue

The essential oil of roses is not obtained directly from the distillate. Rose water collected during the distillation is placed in shallow earthern or metallic vessel and exposed to the cold of the night air in the open, protected from dust with clean muslin cloth. Rose oils are in constant use as component of awide range of flower and fancy perfumes and several of them are to be found in every cosmetics. The main use of natural rose oil is found in perfume spray industry, toilet soap, Talcum powder and agarbati industry. Rose oil is produced in India in large quantities mainly in U.P. state. It exports 60% products to overseas market and 40% is indigenously sold. So there is good export market potential. Any entrepreneur can may come this field and get profit.
Plant capacity: 400 ml/DayPlant & machinery: Rs. 8 Lacs
Working capital: Rs. 4 LacsT.C.I: Rs. 29 Lacs
Return: 28.21%Break even: 60.76%
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Edible Vegetable 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

India is the third largest producer of oil seeds in the world. Oil seeds, although occupying only 10 percent of the country?s total cultivated land, play a dominant role in India economy. A very wide range of oilseeds including mustard, groundnut, sunflower, sesame, rapeseed safflower, Niger, soyabean, linseed and castor, packaging plays a very vital role preventing such quality deterioration of oils and scope for the project.
Plant capacity: 16.00 MT/DayPlant & machinery: Rs. 39 lacs
Working capital: Rs. 681 LacsT.C.I: Rs. 886 Lacs
Return: 66.99%Break even: 74.00%
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Palm 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

Over the last three decades or so palm oil has made aggressive in road into the world market for oils and fats. It is now a close second behind soyabean oil in terms of world production. The predictions that very soon palm oil may overtake soyabean oil as the world?s largest source of edible oils. Though palm oil is the world?s second largest in terms of production, for many years now it is already the leader in the export trade. The world demand for edible oil is expected to witness further growth but also an expansion in per capita intake. Every year, the demand is going to grow by more than 3 million tones. This provides very good scope for new investment.
Plant capacity: 24.0 MT/DayPlant & machinery: Rs. 102.00 Lakhs
Working capital: -T.C.I: Rs. 368.00 Lakhs
Return: 43.79%Break even: 47.76%
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Compound Wax from Residual 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

The wax position in India is very critical which is well known to every one. It is always in short supply owing to number of uses in number of Industries. Residual oil is a liquid or semi-liquid product obtained as residual from the distillation of petroleum. It contains the asphaltic hydrocarbons also known as black oil. It is combustible. There are very limited units engaged in the manufacture of compound wax. But however, the demand, by virtue of developments and achievements, that there was, felt the imperative need for the manufacture of compound to be started. Compound wax has a very wide scope to start on small scale. Any entrepreneur can invest in this field.
Plant capacity: 1.0 MT/DayPlant & machinery: Rs. 10.0 Lacs
Working capital: Rs. 24 LacsT.C.I: Rs. 54.0 Lacs
Return: 44.36%Break even: 46.52%
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Mahuwa 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

Mahuwa is a tropical fruit. It is found in the month of April - July or August - September. It is a fleshy green, yellowish or orange brown when ripe, 2.5 to 5 cm long, 1-4 shining seeds. It?s total mass content 70% in seed, two kernels in a seed. 2.5 cm X 1.75 cm, oil content 46% in latatolia and 55% in longitolia which are smaller in size. Mahuwa fruits are taken and decartified to get kernels & then if is treated in the ghani or expeller or solvent extraction plant to extract out oil from it. For the processing of mahuwa oil two major ways are utilized, first one is expeller process & second is solvent extraction process. About 35% vegetable oil is imported in our country to meet the indigenous demand. One of major reasons behind the non availability is that the fruit itself is not available throughout the year. It is of pale yellow colour. It is mostly used in soap making up to 45%, used in treatment of wool of jute, for candle making, for edible purposes by tribals, used up to 5% in vanaspati, medicinal application for skin diseases.
Plant capacity: 10 MT/DayPlant & machinery: Rs. 40 Lakhs
Working capital: Rs. 199 LakhsT.C.I: Rs. 289 Lakhs
Return: 74.00%Break even: 25.00%
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Calcium Salt of Higher Fatty Acid using Cotton Seed Oil - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Plant Layout

Calcium salt of higher fatty is a hard soap. It is mainly used as fatty acids. Calcium salt of higher fatty acids generally is made by using basic raw material lime and cotton seed oil, sometimes caustic soda is also used as basic raw material. For manufacturing of calcium salt of higher fatty acids of cotton seed oil, there is used close jacketed reactor made by M. S. Plate with bottom dished end. There are indigenous technology, as well as good fabricators and designers also available. The raw material also available in India. There has fair market of calcium salt of higher fatty acid in India. So few entrepreneur may enter in this production by proper study of the market.
Plant capacity: Calcium Linocate 1.00 MT /Day, Calcium Oleate 525 Kg/Day, Calcium Palmitate400 Kgs/DayPlant & machinery: Rs. 42 Lakhs
Working capital: Rs. 67 LakhsT.C.I: Rs. 143 Lakhs
Return: 69.56%Break even: 34.91%
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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 and its derivatives are products of good commercial significance with advancement and new innovation in the field or medicines and allied fields. The demand of these products increasing day by day and their popularity is increasing at a rapid pace. At present there exists a great demand supply gap and to fill which there is an imperative need for many unit to come up in this field.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 0.01%Break even: N/A
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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 oil is an important oil in soap industry. It is obtained from heat treatment of the fresh bran. Rice bran contain about 18-20% of oil other constituents are oleic Acid 40-50% and 29-42% saturated acid. Crude and edible oil are two grades of bran oil. It is used as a shortening. Rice bran wax is an important by-product of rice bran oil industry.
Plant capacity: 280 MT/DayPlant & machinery: Rs. 766.0 Lacs
Working capital: Rs. 3673 LacsT.C.I: Rs. 5214 Lacs
Return: 56.87%Break even: 30.74%
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Patchouli 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

Patchouli oil is an essential oil, which is produced from the botanical source of plant name Pagosternum cablin. It is extracted from parchouli leaves as raw material by using solvent extraction or super critical carbon dioxide extraction process. There is very good demand of this product. Indian demand is being fulfilled by import. As a whole good prospect is there for this product and one can enter in this field.
Plant capacity: 50 Kg /DayPlant & machinery: Rs. 21 Lakhs
Working capital: Rs. 21 LakhsT.C.I: Rs. 80 Lakhs
Return: 43.77%Break even: 62.99%
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Menthol Oil , Clove Oil & Citronella Oil - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities

Menthol, Spearmint Oil, Citrate oil and Basil oil from Northern India found roads in to other countries. Menthol has got wide range of applications ranging from perfumery, cigarettes, liquors, as a horning agent in chewing gum and number of pharmaceutical formulations. The oil obtained by the relatively simple process of steam distillation belong to the chemical class of plant product variably retuned to as essential, volatile or ethereal oils, whose chemical composition consists almost entirely of hydrocarbon and oxygenated compounds known as terpenoids. The product has good domestic as well as export demand. New entrepreneurs can enter in this field.
Plant capacity: 300 Kgs./DayPlant & machinery: Rs. 21 Lakhs
Working capital: Rs. 27 LakhsT.C.I: Rs. 90 Lakhs
Return: 74.00%Break even: 22.92%
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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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