Libya

Libya’s development is closely tied to its vast hydrocarbon wealth, which historically funded major infrastructure systems such as the Great Man-Made River water network and energy installations. Ongoing reforms and new long-term oil investment agreements with international firms reflect efforts to modernise the energy sector and attract foreign capital after years of instability. However, political fragmentation and the reliance on oil revenues continue to complicate infrastructure repair and broader diversification, while weak public services infrastructure - particularly electricity, water and transport - remains a key development challenge. Recent steps to establish reconstruction funds and licensing rounds highlight attempts to rebuild infrastructure and stimulate broader economic activity.