The Gulf has good reason to be wary about the economic revival of Libya. But for every challenge, there is an opportunity. This figure will be fuelled by Libya's need to rebuild its infrastructure, a process in which Gulf companies have recent experience. Abu Dhabi-based Thuraya has secured the lucrative contract to help expand Libya's backward telecommunications network. The agreement with CPTC represents a commercial success for Thuraya.
Construction is another area presenting great opportunities.
Libya already has strong trade links with the UAE in particular, according to Ali El Bani, Libyan Consul General in Dubai. Roads, office blocks and utilities are set for rapid expansion, and orders for raw materials will rocket. There will be greater demand for building materials. Meeting demands Transhipment offers perhaps the most lucrative opportunity. Dubai and Jeddah have been transit hubs for goods arriving in Libya from the Far East since the early 1990s.