Jan 09 2012 |
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Libya opens books post Gaddafi
Libya's government is reviewing the investments made during the Gaddafi era, which include finance and football
The chairman of the country's ruling National Transitional Council said that the scrutiny will include the country's investments in the Arab world.
"We have a general view to review all investments in the Arab world, the African continent and elsewhere," Mustafa Abdul Jalil said. "There are some countries where investment will increase and others where projects will stop." Under Moammar Gaddafi, Libya invested its oil wealth mostly in Europe but it also made major investments in Africa, the Middle East and the United States.
However, Abdul Jalil said Libya would increase its investments in neighbouring Sudan, particularly in the field of agriculture.
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