Libya immune from financial crisis
One of the most interesting markets we've recently entered is Libya. I have to admit that, when we started Aconex nearly nine years ago, I really didn't picture Libya as a place where we'd be doing business. In fact, this was probably still my view until 18 months ago. Now, we're involved in housing and infrastructure projects there that are as large and ambitious as anything we've seen.
Why? The article "Libya Immune from Global Financial Crisis" that appeared last week on Building Global (an online arm of the UK's Building magazine) helps paint the picture. It highlights a new report than presents Libya as a highly attractive construction market, with strong GDP growth and demand for housing and office space. Although probably not on the top of every firm's list, Libya could be well worth a look for US, European or other contractors finding that their domestic well is running dry.
Labels: Global trends
