The end of the Gaddafi regime brought new economic opportunity for investment and development in Libya. With new leadership in place, foreign investment is being welcomed with open arms.
Tourism in Libya is an industry still in its infancy but one that will gradually start growing. The country is best known for its ancient Greek and Roman ruins and Sahara desert landscapes. There are five UNESCO World Heritage Sites in the country, three of which are classical ruins. The Roman cities of Sabratha and Leptis Magna in Western Libya and the Greek ruins of Cyrene in the East are big tourist attractions. One of the attractions of Libya’s archeological sites, is that they are not as heavily populated by tourists as are other ancient sites in North Africa and southern Europe.
With great cultural sites, and rich traditions, the tourism sector can be key to the country’s economic growth. Having relied on the oil and gas industry for so long, diversifying Libya’s economy is crucial for long term growth and prosperity.