Last Updated July 17, 2008
Is Libya really open for business?
For decades Libya was a ‘pariah’ state, shunned by the international community. In 2004 the doors were flung open and foreign investors were enticed in, promises were made, contracts signed, hopes raised. Four years on however it appears that inertia and backtracking by the Gaddafi administration has set in. Was it all too good to be true after all, asks Nicholas Noe.
For some observers, 2007 seemed to offer proof that Libya had indeed finally turned a corner to embrace foreign direct investment and economic openness as its primary, inextricably linked national goals.
