Libya Infrastructure Market Report 2013

1
Libya Infrastructure Report 2013
http//www.rnrmarketresearch.com/libya-infrastruct
ure-report-2013-market-report.html
BMI View Progress has been made on
reconstruction of essential infrastructure in the
aftermath ofLibya's civil war. Following a 79.0
contraction in real industry value in 2011,
initial reconstructioncombined with base effects
is estimated to have propelled growth back to
35.4 in 2012. Whilst strong,this by no means
spectacular given the context with the ongoing
violence and the lack of a strongpolitical
mandate in government, we believe more serious
reconstruction will take some time to
filterthrough. Consequently, we are not
forecasting reconstruction to generate one boom
year of growth, butrather strong, albeit
gradually slowing, growth over the medium term,
with double-digit growth expectedeach year until
2017.
2
Factors underlining our outlook for Libyan
infrastructureReturning oil production to
pre-war levels was deemed the most important goal
in the wake ofthe civil war. Oil production has
indeed come back at a rapid pace, although BMI
does notbelieve it will reach pre-war levels
until 2013. This increase in production
necessitates the repairof pipelines and export
infrastructure.The electricity grid was one of
the primary areas of focus in the aftermath of
the civil war. Thenetwork incurred an estimated
US1bn in damage. Work started on repairing the
grid inSeptember 2011. As of Q312, over 70 of
the network had been fixed.   Inquire for
Discount of this report _at_ http//www.rnrmarketrese
arch.com/contacts/discount?rname67916The
provision of housing for those displaced by the
war added to an already pressing housingshortage
in the country. Immediate measures have taken
place, with contracts for theconstruction of
2,500 prefabricated homes in Sirte, which was one
of the cities most damagedduring the fighting
awarded in April 2012.
3
In May 2012, Libya's Housing and
InfrastructureBoard (HIB) authorised 248
contracts for repairs to public housing in
Tripoli and Benghazi, witha further 4,000 small
contracts due to have been awarded in the second
half of 2012. Addressinga more long-term solution
will require the resumption of large housing
projects that were underway before the war. The
HIB has signed contracts for work to resume on
three housing projectsin Tripoli worth a combined
LYD1.1bn.For most of 2012, under the National
Transitional Council (NTC), the priority was
addressing criticalinfrastructure needs for
day-to-day operations. However the elections in
July 2012, which saw Ali Zeidanelected Prime
Minister, should a turning point from more
immediate measures to longer-term growth forthe
infrastructure and wider construction sector.
However, high levels of violence, including the
attack onthe US embassy in Benghazi in September
2012 and the ongoing ministerial investigations
by theIntegrity Commission, is preventing
effective governing in the country.
procureinfrastructure projects is
necessary.   Buy your report copy _at_
http//www.rnrmarketresearch.com/contacts/purchase
?rname67916
For More Details Contact sales_at_rnrmarketresearch
.com