Press TV
November 16, 2011
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Britain that has spent almost £300 million to destroy Libya’s infrastructure is vying to win lucrative deals worth almost £200 billion to rebuild the North African state.
The UK Department of Trade and Investment believes the estimated value of the contracts to rebuild Libya, in areas ranging from electricity and water supplies to healthcare and education, could amount to almost more than £200 billion over the next 10 years, British media reported.
“Libya is a relatively wealthy country with oil reserves, and I expect there will be opportunities for British and, indeed, other companies to get involved in the reconstruction of Libya,” British Defence Secretary Philip Hammond has said.
He called on CEOs and sales directors to “pack their suitcases” and head to the war-shattered country.
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