about libya's development

Libya

Good for essay on tourism, foreign investment

1 TRIPOLI (LIBYA) - SENIOR Minister Goh Chok Tong hopes Singapore companies will be able to contribute to the development of Libya.
2 Libya will be making investments in housing, airports, seaports and tourism infrastructure.
3 With a population of four million citizens and over two million foreigners from neighbouring countries such as Algeria, Egypt, Morocco and beyond, its population profile is fairly similar to Singapore's.
4 Its land mass is, however, 2,500 times bigger.
5 The country is also rich in oil, with reserves estimated to be the ninth largest in the world and most of it untapped.
6 The economy, dominated by the hydrocarbons industry, is one of the most prosperous in the Middle East region.
7 A key focus of attention is tourism, as Libya is home to magnificent ruins, some dating back 3,000 years.
8 Remnants of the Phoenician, Greek and Roman empires and, more recently, the Turkish Ottoman Empire, can be found in various parts of Libya, including just outside Tripoli.