Libya needs to spend US$ 134 bn on reconstruction over 10 years: MinisterBy Sami Zaptia. London, 23 May 2021:The Minister of State for Economic Affairs, Salama al-Ghwail, revealed in an exclusive statement to Libyan 218 TV that Libya needs to spend 600 billion dinars (US$ 134 bn) on reconstruction fover the next ten years. Regarding the reconstruction projects, the Minister explained that Egyptian, Turkish, Italian, German and Tunisian companies are the most likely to participate in the reconstruction projects. Al-Ghwell added, during his statement Friday that the reconstruction projects will provide 30 percent of job opportunities for the unemployed, according to the vacancies in the reconstruction projects. The Minister of State suggested that the private sector will participate in the reconstruction with 60 percent while the public sector will have 40 percent of projects.

Source: Libya Herald May 23, 2021 06:00 UTC