As Libyans prepare to flock to the polls for the first time in 47 years, regional businesses are perusing the potential opportunities in the new Libya.
But just as election monitors fear that violence could compromise this weekend’s voting for a General National Congress, businesses are finding that poor security, confusing bureaucracy and rising corruption are posing serious challenges to those seeking first-mover advantage in a potentially lucrative market.
Alex Warren, a Libya analyst, says many foreign companies are delaying possible entry into the market until later this year.
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