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Excerpt: Law No. 7 of June 2003 which amended law No. 5 of 1997 and Decrees of application issued by the government referred to FDI in Libya. Measures concerning training of local technicians in particular sectors, transfer of technology. Participation in local production development diversification, sources of revenue, realisation of regional development are its note worthy objectives. Law No.7 of March 2004 and decree No. 139 of August 2004 pertains to tourism. The financial sector and telecommunications are subject to government monopolies. Retail and wholesale operations are confined to Libyan nationals.








