Tripoli 2008 investment climate statement
Reliable foreign direct investment statistics for Libya are currently unavailable. Foreign energy companies have invested billions of dollars in the Libyan oil and gas sectors since the lifting of UN sanctions in 2003 and U.S. sanctions the following year. Libya has announced vast new development projects, including a November 2007 pronouncement that it would spend 150 billion dinars ($123.4 billion) on public works over the next five years. Few specific plans or sources of the required funds have been disclosed.