Interesting piece from MEED vis a vis Tripoli’s $54bn, 20-year commitment to develop joint ventures with multinational firms in order to transform the Gulf of Sitre–and namely the oil-rich industrial cities of Marsa el-Brega and Ras Lanuf–into energy hubs founded on oil and gas processing and distribution, as well as into a resort destination.  The two cities lack proper downstream investment, but the potential returns on FDI are enormous, gushed a source from the U.S. engineering firm Fluor Corporation, which was commissioned to oversee the project:

“Libya is virgin territory. It is coming out of a long embargo so there are great opportunities. The energy cities have these anchor investments but also provide for secondary industries, which take products from the heavy industries and produce plastics, for example. They also provide work for industrial and construction services. There is a much greater, wider and more open opportunity for investment, from oil