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SBF Business Mission To Libya
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The MENA continent is filled with diversity and opportunity, and the region has proved itself to be developing a dynamic emerging market economy. Major economic restructuring policies are currently underway, and these markets are now presenting foreign investors with an abundance of opportunities in all of its sectors. However, certain sectors are taking the lead in growth potential. These include Oil & Gas, Banking and Finance, Construction, Real Estate & Facility Management, Airports & Ports, Tourism & Hospitality, Education, Trading, ICT & Technology, Consumer Products, Services & Retail and Water & Environment.
The Singapore Business Federation (SBF) is organizing a business mission to Libya from 5th - 8th May 2008 in conjunction with the official visit of Senior Minister Goh Chok Tong. This is a great opportunity for our companies to explore entry into the North African region, and to have a first-hand experience of the business dynamics and opportunities of the emerging economies of Libya. The mission is intended to introduce new companies to these rapidly expanding markets. For companies that are already active in the region, this mission is also a great opportunity to make new contacts and reinforce existing relationships. The highlights of this mission includes briefings by government and private sector agencies, visits to chambers and business associations, and specially organized business forums and business matching sessions.
Programme
Spotlight on Libya
- Located in the middle of North Africa, bordering the Mediterranean Sea, the strategic location enables it as an important trade link between Africa and Europe.
- GDP growth from 2003 to 2007 has averaged at more than 5%.
- Since 2003, the Libyan government has embarked on an effort to modernise the economy and make Libya a more attractive FDI destination
- Libya's economic risks remain low as the continued high global oil prices bode well for the economy
- In recent years, the government has taken some steps to diversify its economy away from oil.
- Libya enjoys valuable natural resources over a large geographical area, such as carbonates and metals
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Business opportunities present in these sectors:
- Oil & Gas
- Construction
- Real Estate & Facility Management
- Airports & Ports
- Tourism & Hospitality
- Education
- Trading
- ICT & Technology
- Consumer Products
- Services & Retail
- Water & Environment
As part of the delegation accompanying SM Goh on his official visit, we seek your kind cooperation & understanding to adhere to the programme that is planned and stay throughout the entire mission in order not to miss out any opportunities to attend business forums and establish relevant contacts. Due to limited availability of seats, registered participants are subject to confirmation by SBF. We would require businesses that are keen to visit these markets and to be on the delegation to INDICATE YOUR PARTIIPATION TO US BY TUE, 1 APRIL 2008
Estimated Costs: (*SBF members will receive preferential rates on common costs)
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++ Air Tickets and Hotel Accommodation (Price per night, incl. Breakfast) |
To be advised |
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Estimated Common Cost (incl. local transfers, meals, networking, brochures, gifts and other miscellaneous expenses)* |
To be advised |
++ Eligible companies can apply to International Enterprise Singapore for double tax deduction for accommodation and air travel costs for up to 2 representatives per participating company. You can apply to this scheme at http://dtd.iesingapore.com but companies must make their application at least 7 days before departure. * Common cost subsidized under IMAP is already factored into the estimated common cost.
For any queries, please contact George Chan or Claire Lim at 6827 6847/842
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Administrative Details
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Ref No: MEAF 043/300408/02W
REGISTRATION FORM - Attn: George / Claire Lim
Fax: 6720 2873 / 6734 0610
Closing Date: 22 Feb 08
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