VOL. XLII

No. 37

13-September-1999

LIBYA

Libya Says No To Speculative Foreign Investors

Libyan leader Mu'ammar al-Qadhafi appeared to be in twominds as far as foreign investment is concerned when he delivered a speech tointernational businessmen on 2 September in Tripoli. Although Libya will beseeking around $14bn from local and foreign investors in the period 2001-05 tomodernize its hydrocarbon, electricity, water, transport and telecommunicationssectors, recent statements have left eager...