British companies to rush for £200bn in Libya contracts

(thisismoney.co.uk) British firms are arming themselves for a scramble to win up to £200billion worth of contracts in Libya, as the North African nation looks to its reconstruction.

UK Trade & Investment, the government department that promotes UK plc abroad, said British firms had ‘a strong commitment to helping the National Transitional Council and any future government in Libya to rebuild’.

UKTI estimates that Libyan contracts, in sectors from oil and gas to education and construction, could be worth £200billion over the next decade.

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