JLL MENA real estate services in Libya
Libya’s economy is heavily dependent on oil & gas revenues. However, The Government is actively pursuing a plan to diversify by investing in other sectors such as: tourism, real estate, transportation and industry etc. Libya’s focus has long been to invest in African countries and still remains one of its top priorities today.
The real estate market is currently experiencing a surge in activity across all asset classes. Recent improvements of international relations and a number of government initiatives have encouraged investors to enter the Libyan market resulting in a wave of large-scale projects in either planning or construction stages. Taking the shift in city dynamics in Tripoli into account, opportunities for investment in retail and hospitality may arise.