A decade after Libya descended into chaos, a host of countries are eyeing potential multi-billion-dollar infrastructure projects in the oil-rich nation.
This unfinished Tripoli hotel is one of many construction projects that were halted by the turmoil that has gripped Libya since the 2011 uprising.TRIPOLI - A decade after Libya descended into chaos, a host of countries are eyeing potential multi-billion-dollar infrastructure projects in the oil-rich nation if stability is assured.
He estimates"more than 100 billion dollars" are needed to rebuild Libya, which has been gripped by violence and political turmoil since dictator Moamer Kadhafi was toppled in a 2011 uprising.Former colonial power Italy, neighbouring Egypt and Turkey are tipped to be awarded the lion's share of reconstruction deals.
The new government led by Prime Minister Abdulhamid Dbeibah is tasked with organising presidential and parliamentary elections in December if a legal framework is agreed on time.While there is no shortage of major projects and international suitors, questions remain over funding and whether instability will return.
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