Egypt Independent

Analysts voice optimism for Egyptian investments in post-Qadhafi Libya



Analysts have predicted that Egyptian investments in Libya will be positively affected by the success of anti-regime rebels in ousting Libya’s longtime leader Muammar Qadhafi from the country’s capital, Tripoli.

They believe investments in the construction and fertilizer industry sectors will most benefit from tenders expected to be held for Libya’s reconstruction.

Mohamed al-Ibrashy, an analyst at a securities company, said Libya represents a good opportunity for construction and fertilizers investors. He said investors can take part in the tenders to rebuild the country’s infrastructure, which has been devastated in the violent battles over the past months.

He added that Egyptan companies that had been obliged to halt their activites during Libya’s revolution are predicted to resume their operations once the revolutionaries have properly assumed control. Such companies include El-Sewedy Cables, which had halted work at its cables factory.

Meanwhile, Safwan al-Selmy, deputy manager at the National Company for Construction and Development, said the company hopes to resume its business in Libya. He pointed out that the company owns three firms working on an electricity network in Libya with a cost of 500 million euros.

Translated from the Arabic Edition