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Overview

Why the private sector is key in developing Misrata’s health care sector
OBG
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The health care sector in Libya is on an upward trajectory following the disruption of the Covid-19 pandemic. With Libya and Misrata having implemented policies to deal with challenges related to the pandemic, private enterprises have the potential to play an essential role in the development of the sector going forwards. With the support of domestic and international entities, new infrastructure…

Overview

Agriculture, agro-processing grows in Misrata
OBG
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While Misrata has traditionally relied on industries such as manufacturing and trade, the agriculture sector and food segment has been quietly gaining momentum in recent years. The agricultural landscape in Libya is primarily located within a narrow belt along the Mediterranean coastline, including the region around Misrata, select mountainous regions and various oases within the desert. Misrata’s…

Overview

How rise in internet penetration in Misrata spurred ICT innovation
OBG
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As Misrata looks to rebuild and diversify its economy after a period of instability, ICT has emerged as a potential catalyst for driving growth and development. Steps are being taken in order to facilitate the digitalisation of services and trade, as well as encourage technology adoption, boosting efficiency in both the public and private sectors. In an increasingly interconnected world, ICT has…

Overview

How utilities, transport construction projects fuel growth in Misrata
OBG
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A 2021 report prepared by the HIB suggests a shift from public housing towards investment-related PPPs, a funding strategy adopted by several other countries. Security financing concerns remain key barriers to development. In the past the country has attempted to hand over stalled projects to local contractors for completion, but questions remain surrounding debts owed to foreign contractors for partially…

Overview

Urbanisation, reconstruction enables construction activity in Misrata
OBG
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Libya’s urban population has been rising rapidly, with urbanisation rates climbing from 49% in 1970 to 79% in 2016. As of 2019 around 85% of Libyans resided in the major cities of Tripoli, Benghazi, Misrata and Bayda. With the population predicted to increase in the coming years, access to housing, food, clean drinking water and employment opportunities – as well as health care, education…

Overview

Misrata targets value-added services in the oil and gas sector
OBG
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Since the discovery of oil in the early 1900s and the start of production in 1959, the economy has been centred around hydrocarbons. Libya is a founding member of the Organisation of Arab Petroleum Exporting Countries and a member of the Organisation of the Petroleum Exporting Countries (OPEC). It has 48.4bn barrels of proven crude oil reserves – the most in Africa – and 1.5trn cu metres of proven…

Overview

Automation and digitalisation boosts manufacturing in Misrata
OBG
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Misrata’s manufacturing segment has witnessed significant technological advancement and innovation. Automation and digitalisation have begun improving production processes, efficiency and productivity in some cases. Advanced machinery, such as computer numerical control machines and robotics, is being adopted to streamline operations and reduce costs. Digital technologies and data analytics are…

Overview

Automotive industry plays a critical role in Misrata’s economy
OBG
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The automotive industry plays a significant role in the local economy, contributing to employment, trade and economic growth. Between 2005 and 2011 annual sales of passenger vehicles in Libya ranged from 35,000 to 39,000 units. This fell significantly in 2012 but had recovered by 2015. Although the national automotive market has been slow to rebound from its decline to 11,000 vehicles sold in 2017,…

Overview

Why transport and logistics are key to Misrata’s economic growth
OBG
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Significant political and economic turmoil in Libya since 2011 has had a ripple effect across various sectors of the economy in Misrata. The development of the logistics sector has been hindered by challenges such as infrastructure shortfalls, security concerns and political instability, with the World Bank’s logistics performance index placing Libya at 139th globally in 2023. However, the…

Overview

Innovation key to developing Misrata’s banking sector
OBG
plus

Libya’s banking sector was somewhat underdeveloped before the 2011 conflict, and its government-controlled banking system served primarily as a means to finance public projects with deposits. Due to the introduction of new players, innovative products and services and regulatory reforms, the banking sector in Libya and Misrata has undergone significant changes. The Central Bank of Libya (CBL) and…