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Follow on Google News | Recently released market study: Libya Defence & Security Report Q3 2010Fast Market Research recommends "Libya Defence & Security Report Q3 2010" from Business Monitor International, now available
The country's overriding foreign policy objectives have been to end its international isolation, foster closer economic ties to the West and fashion a role for itself as an African peace-broker. To this end it has renounced its nuclear programme and terrorism links, and compensated victims of the Lockerbie and French airliner bombings. However, such conciliatory moves are contrasted with other erratic and confrontational foreign policy decisions, such as the current diplomatic row with Switzerland. Although this dispute has lessened since March 27, when travel restrictions between Libya and the EU were mutually dropped, tensions continue. Libya's foreign minister Mussa Kussa has claimed that international arbitration would be required to resolve the dispute. (Source: Agence France-Presse, March 28 2010.) Such incidents make it difficult for Libya to shake off its 'rogue' image. In addition, the vulnerability of foreign business to political whims and the unpredictable legal environment continue to overshadow attempts to make the business environment more hospitable to foreign capital. Much of Libya's defence equipment dates back to the Soviet era and is in urgent need of upgrading and replacement. Several arms companies are undertaking feasibility studies into the possibility of developing relationships with the regime. The best example is the UK firm BAE Systems. Russia has traditionally been the major arms supplier to Libya, going back to the Soviet era. In February 2010, Libya signed an arms deal to with Russia worth US$1.8bn, which was announced by Russian Prime Minister Vladimir Putin. The contract is believed to include 20 fighter planes, at least two S-300 air defence systems, several dozen T-90C tanks and other arms. The growth potential of Libya's defence industry is high. Libya will update and replace its obsolete Soviet equipment and arms import figures are expected to rise substantially over the next few years. Libya's economic outlook is determined primarily by the energy industry. The economy is expected to return healthy real GDP growth over the next five years. We are forecasting robust real GDP growth of 3.8% in 2010 and 4.2% in 2011. However, our positive outlook is tempered by concerns that current patterns of investment spending are not having a major impact on productive capacity - much of the investment in the non-oil sector is flowing into the real estate sector and adding little to Libya's long-term productivity. In February, Libya's main legislative body approved a law setting up a free trade zone on the country's Mediterranean coast, with its own courts, stock exchange, and a 10-year tax holiday for foreign investors. The plan is aimed at attracting investment outside the country's oil and gas sector. Real economic diversification, such as this, requires political will, which may increase as Libyan leader Muammar Qadhafi's son, Saif Qadhafi, takes on an increasingly prominent role in the government, and looks most likely to be the next leader when his father steps down. For more information or to purchase this report, go to: - http://www.fastmr.com/ Partial Table of Contents: Executive Summary SWOT Analysis - Libya Security SWOT - Libya Defence Industry SWOT Global Defence Overview - Table: Election Timetable, 2010 - Western Europe: Fiscal Austerity Will Be Unpopular - Central And Eastern Europe: New Governments, Old Problems - Middle East: Ongoing Challenges - Africa: The Election Conundrum - Asia: Broadly Stable, But 'Rogues' Need Vigilance - Latin America: Political Risks Contained, But Watch Cartels - Wild Cards To Watch Middle East Security Overview - The Middle East In A Global Context - Challenges And Threats To Stability And Security - Scenarios For The Middle East Security Risk Analysis - BMI's Security Ratings - Table: Middle East And Africa Defence And Security Ratings - Table: Middle East And North Africa State Vulnerability To Terrorism Index - Libya's Security Risk Rating - City Terrorism Rating - Table: BMI's Middle East And North Africa City Terrorism Index Political Overview Domestic Security Overview - Internal Security Situation - Table: Libyan Insurgent Groups - Latest Developments - External Security Situation - Latest Developments - Megrahi's Release Armed Forces And Government Spending - Armed Forces - Table: Regional Armed Forces, 2010 (including conscripted) - Equipment - International Deployments - Table: International Deployments - Weapons Of Mass Destruction Market Overview - Industry Trends And Developments - Latest Developments - Procurement Trends And Developments Forecast Scenario - Defence Outlook - Table: Libya's Armed Forces, 2007-2014 ('000 personnel) - Table: Libya's Government Defence Expenditure, 2007-2014 - Macroeconomic Forecast Scenario - Table: Libya - Economic Activity, 2005-2014 Country Snapshot: Libya Demographic Data - Section 1: Populaation - Table: Demographic Indicators, 2005-2030 - Table: Rural/Urban Breakdown, 2005-2030 - Section 2: Education And Healthcare - Table: Education, 2002-2005 - Table: Vital Statistics, 2005-2030 - Section 3: Labour Market and Spending Power - Table: Consumer Expenditure, 2000-2012 (US$) BMI Methodology - Full Table of Contents is available at: -- http://www.fastmr.com/ About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. End
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