Representatives of the Turkish contracting sector are set to participate within the seventh International Libya Construction and Building Expo to be held subsequent month in Tripoli, in response to Libyan expo organizer Add Events.
Some 20% of the companies participating within the occasion on Dec. 16-19 are Turkish-based and function in lots of sectors comparable to heating, air flow and air-con, aluminum and glass, curtail wall development, paint manufacturing, and extra.
Add Events stated Türkiye’s contracting exports to Libya reached over $1.1 billion final yr and is ready this yr to beat that determine.
Turkish exports to Libya made up $2.4 billion in 2022 and $3.25 billion final yr, the agency stated.
Ghaleb Gheblawi, Add Events CEO, stated the occasion goals to spice up commerce between Türkiye and Libya, noting that the annual potential of the development sector exceeds $10 billion.
Gheblawi stated that the Libyan authorities is engaged on a number of vital initiatives comparable to water know-how, HVAC (heating, air flow and air-con), aluminum and glass manufacturing, curtain partitions, and extra, including that these areas are nice alternatives for Turkish contractors.
“Most of these projects are currently in the construction phase; for instance, Tripoli Airport, Misrata Airport, and several new schools and hospitals are in the contracting stage,” he said. “Additionally, within the non-public sector, there are various alternatives, particularly in engineering consultancy and feasibility research, and this honest will introduce traders to those prospects.”
Mesut Akpinar, the chair of Turkish-based ICF Fairs and Organization, stated in a press release that Libya is a rising market and that ICF is working to extend Türkiye’s share in it.
Source: www.dailysabah.com