As of the most current information update in September 2021, Libya has had significant challenges stemming from political instability, security concerns, and an absence of a robust economic environment. The country has had a significant prevalence of civil unrest and ongoing acts of violence, resulting in adverse consequences for both the economy and the business climate.
During this period, engaging in investment activities in Libya presented many risks, including potential asset depreciation, disruption of economic activities, and ambiguity surrounding legal and regulatory frameworks. The location was deemed unfavorable for foreign investors.
It is advisable to do comprehensive due diligence and thorough analysis in order to assess the current economic and political conditions before to considering any investment opportunities in Libya or any other country.