Country Profile
From The Report: Misrata 2024
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Located on the Mediterranean coast of North Africa and bordering Egypt, Sudan, Chad, Niger, Algeria and Tunisia, Libya has a rich history dating back to the Phoenician era. Though there has been an end to violent conflict following the 2011 overthrow of Muammar Gaddafi, political stalemate continues and the government is currently divided between Tripoli and Tobruk Nevertheless, in the last couple of years, the country has made substantial strides towards recovery in the private sector and the wider economy, although challenges remain. Despite global economic challenges and supply chain constraints, Libya’s shipping and manufacturing industries have the potential to play a significant role in diversifying the economy and creating new business opportunities.