High Risks - High Gains

December 2006 | Economic Analysis

Libya comes last in the North Africa region, which includes Algeria, Egypt, Morocco and Tunisia with regards to foreign direct investment (FDI) according to the latest figures for 2005 by UNCTAD. FDI inflows into the country amounted to a poor US$0.26bn in 2005, compared to the regional leader Egypt which attracted a much larger sum of US$5.38bn. Nevertheless, this was an improvement on 2004, when FDI inflows registered a negative figure of -US$0.35bn, indicating reverse investment or disinvestment in the country. While we, cautiously, expect some improvement over the forecast period as Libya continues its rather slow market liberalisation, red

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