ME PoV Fall 2012 issue

Rising from the ashes

After nearly a year of revolutionary conflict, Libya has managed to emerge from the rubble of a 42-year dictatorship with the world’s fastest growing economy. (Forecasts for 2012 indicate a growth rate of 22%). Bolstered by the highest gross domestic product (GDP) per capita in North Africa and government expenditures exceeding LD 60 billion per annum, Libya has quickly become one of the most attractive markets in the region for a wide range of goods and services.

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