Libya Business Directory & List of Companies

Capital City and 5 Largest Cities in Libya

• Tripoli is the largest city and the capital of Libya. It is located on the country's northwest coast and serves as the economic and cultural center of Libya.
• Benghazi is the second-largest city in Libya and is situated in the northeast part of the country, along the Mediterranean coast. It is known for its historical significance and economic activities.
• Misrata is the third-largest city in Libya and is located on the Mediterranean coast, approximately halfway between Tripoli and Benghazi. It is an important commercial and industrial hub.
• Tarhuna is the fourth-largest city in Libya and is situated in the northwestern part of the country. It is known for its agricultural activities and as a transportation hub.
• Zawiya is the fifth-largest city in Libya and is located on the Mediterranean coast to the west of Tripoli. It is known for its oil refining and export facilities.

Libya on Map - see more from Google map

Libya Economy in Figures

1. Gross Domestic Product (GDP): Libya's GDP has been highly dependent on its oil sector. In 2019, before the COVID-19 pandemic and ongoing conflict, Libya's GDP was estimated at around 49.2 billion USD (World Bank data).
2. GDP Growth Rate: The GDP growth rate in Libya has been volatile in recent years due to conflicts and disruptions. In 2019, it was negative.
3. GDP per Capita: In 2019, Libya's GDP per capita was approximately 7,334 USD (World Bank data).
4. Key Sector - Oil: Libya has significant oil reserves and has historically relied heavily on oil exports for revenue. Oil production and exports have been disrupted due to conflict and instability.
5. Unemployment: High unemployment rates have been a persistent challenge in Libya, exacerbated by economic disruptions and conflict.
6. Inflation: Inflation has fluctuated due to various economic factors but was relatively high before the COVID-19 pandemic and conflict.
7. Currency: The currency of Libya is the Libyan Dinar (LYD).
8. Challenges: Libya's economy has faced multiple challenges, including political instability, conflict, disruptions in oil production and exports, a lack of economic diversification, and high levels of corruption.
9. International Sanctions: International sanctions have impacted Libya's ability to access global financial markets and trade.
10. Humanitarian Issues: The ongoing conflict and instability have had severe humanitarian consequences, including the displacement of people and disruptions in basic services.

Ten Top Companies in Libya

1. National Oil Corporation (NOC): The National Oil Corporation is Libya's state-owned oil company responsible for the exploration, production, and export of petroleum and natural gas.
2. General Electricity Company of Libya (GECOL): GECOL is responsible for the generation, transmission, and distribution of electricity in Libya.
3. Libyan Post, Telecommunication and Information Technology Company (LPTIC): LPTIC oversees postal services, telecommunications, and information technology in Libya.
4. Libyan Iron and Steel Company (LISCO): LISCO is involved in the production of iron and steel products in Libya.
5. Arab Banking Corporation (ABC): ABC is a prominent banking institution in Libya, providing financial services to individuals and businesses.
6. Bahr Essalam Consortium: This consortium includes Eni, Total, and NOC and is involved in natural gas exploration and production in the Bahr Essalam offshore field.
7. Jamahiriya News Agency (JANA): JANA is Libya's state news agency, responsible for disseminating news and information.
8. Libyan Investment Authority (LIA): LIA is responsible for managing Libya's sovereign wealth fund and investments abroad.
9. Al-Naseem Foods Company: This company is involved in the food and beverage industry in Libya, producing a range of products.
10. Al-Madar Al-Jadid Telecom Company: Al-Madar is a telecommunications company in Libya, providing mobile and data services.

Ten Top Banks in Libya

1. Central Bank of Libya (CBL): The Central Bank of Libya is the country's central bank responsible for monetary policy, currency issuance, and regulating the banking sector.
2. Commercial Bank of Libya (CBL): The Commercial Bank of Libya is one of the largest commercial banks in Libya, providing various banking services.
3. National Commercial Bank (NCB): NCB is a prominent Libyan bank that offers retail and commercial banking services.
4. Sahara Bank (Sahara Bank for Investment and Financial Services): Sahara Bank is a financial institution in Libya, offering banking and financial services.
5. Arab Bank for Economic Development in Africa (BADEA): BADEA is an Arab financial institution that supports economic development projects in Africa, including Libya.
6. Aman Bank for Commerce and Investment: Aman Bank is a Libyan bank providing various banking services.
7. Libyan Foreign Bank (LFB): Libyan Foreign Bank primarily focuses on international banking and financial services.
8. Jumhouria Bank (Bank of the Republic): Jumhouria Bank is one of Libya's state-owned banks, offering banking services.
9. Wahda Bank: Wahda Bank provides a range of financial services in Libya.
10. Agricultural Bank of Libya: The Agricultural Bank of Libya is involved in providing financial services to the agricultural sector in the country.