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Libya Mission helped expedite
S$175 million contract among other deals |
The Singapore Business Federation (SBF) and International Enterprise Singapore (IES) co-led a business mission to Libya from 5 - 8 May, in conjunction with the official visit by Senior Minister Goh Chok Tong. The business delegation comprised 19 participants from diverse industries such as trading, oil and gas services and airport management.
In addition to information seminars and networking sessions, the highlight of the business mission was the Libya-Singapore Dinner and MOU Signing Ceremony with SM Goh as the Guest-of-Honour. Jointly organised by SBF, IES and the Libyan Businessmen Council, the networking dinner was useful in profiling Singapore companies to Libyan government officials and the business community. Besides gaining useful contacts, the mission provided participants with in-depth knowledge of the market conditions in Libya.
A key outcome of the mission was that it helped to expedite the process and conclusion of a three-year S$175 million water and waste infrastructure contract in Libya for one of the mission participants, Boustead Singapore Limited who had been negotiating the deal since 2007. The other participants managed to secure deals worth an estimated S$100,000 during the mission, while S$30 million worth of contracts are still under negotiation.
Click here to view letter from Boustead Singapore Limited
To find out more about doing business in Libya, please contact SBF Middle East Desk Representative, Mr. George Chan, Tel: 6827 6842.
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