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Tuesday, 11 March 2014

Opportunities to grab in Egypt and Libya

In the wake of the Arab Spring, Egypt and Libya are seeking to develop the ports on which their economies rely, notes UK Trade and Investment (UKTI), which has published a detailed report on the related business opportunities in both countries.

Egypt and Libya are keen to take advantage of their position as gateways to the Middle East and North Africa (MENA) region, observes the government department, encouraging UK companies to grab the opportunities in the ports sector without delay.

“Competition to enter such potentially lucrative markets is lower than it will be in three to five years,” the report stresses. “Companies waiting until the political environments stabilise fully […] could find themselves scuppered by competitors who have taken advantage of the perceived business downtime.”

Business opportunities in the Libyan port sector comprise master-planning, training, privatisation and port operations.

In Egypt, identified needs include dredging and electronic management systems, especially in the Port Said region. Also, the Suez Canal Regional Development project will create opportunities for consultants and firms with expertise in land remediation, renewables or port security.

The UKTI report “Business Opportunities in the Egypt and Libya Ports Sector” provides a detailed list of all the projects. It can be requested by contacting its author Becky Bryant:
Becky.Bryant@be-group.co.uk
  +44 (0) 207 697 1971

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