The Ministry of Economy and Trade said that 182 foreign companies are operating inside Libya in various fields during the year 2022.
The ministry stated that 44 new companies entered the labor market and were granted permission to practice during the same year, and that 58 foreign companies applied to renew work permits and licenses.
Regarding the fields of work, the ministry stated that 35 companies work in oil, 37 companies in contracting, 16 companies in electricity and 7 in the communications sector.
The ministry added that 35 companies operate from Turkey, 8 from Egypt, 5 from Germany, 3 from America, 5 from Italy, 5 from France, 7 from Britain, and 12 from Tunisia.
The ministry indicated that the political stability witnessed by the country for the year 2022 encouraged the return of foreign companies and participation in investment projects.
Source: Ministry of Economy and Trade