Oil-rich Libya opens its doors

摘要

Backed by oil revenues following the higher price of crude in the second half of 2009, the Libyan government has put in place major development plans for 2010 that will involve spending almost doubling from 2009 levels to ￡12.3 billion.rnDespite worldwide economic turmoil, Libya's GDP grew 1.8 per cent last year and is forecast to rise 5.2 per cent in 2010, with around ￡88bn of projects currently under way or in the pipeline.