LIBYAN INDUSTRY.

The main industries of Libya are (i) oil and gas; (ii) steel and iron; (iii) agriculture and food; (iv) construction; and, lastly, (v) textiles. All of these industries, to varying degrees, play a role in the economy of the country, but the main driving force of the Libyan economy is undoubtedly the oil and gas industry, which is accountable for 95% of the country’s revenue1. The other industries, although much needed, are a minor source of income and are more relevant to the development of the infrastructure and the wellbeing and care of the population.

Since 2011, all industries have been greatly affected by the current civil war, due to the damage or destruction of machinery and premises, and the closures of oil fields and terminals. Hopefully, with an end to the fighting in sight, and financial aid from the governing powers, a plan can be made to rebuild all industries to their maximum strength and output. This with a stable government will be needed to enable Libya to achieve a safe and secure economy.