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Friday, May 4, 2012

''Libya hopes for $1tr cash injection to help rebuild war-torn economy''

From Gulf News

Dubai: ''Libya is banking on up to $1 trillion (Dh3.67 trillion) in foreign direct investment to rebuild its war-torn economy.

Ahmad Salem Al Koshly, Libya's Minister of Economy, told a conference here yesterday that the country was expecting a huge cash injection, and said FDI from the UAE alone prior to the war clocked in at $13 billion.

While Libya currently faced many challenges, he said foreign companies had already moved back to the country to resume outstanding projects.''

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