A revised mechanism along with an organizational and economic structure to promote business development in the State of Libya

Abstract

This report proposes a revised mechanism, accompanied by an organizational and economic structure, aimed at promoting business development in the State of Libya. In the aftermath of political instability and economic challenges, Libya faces the urgent need to revitalize and diversify its economy. This report examines the existing barriers to business development in Libya and offers recommendations for overcoming these obstacles. It explores the importance of an effective mechanism that encompasses regulatory reforms, investment incentives, and support for entrepreneurship. Furthermore, it emphasizes the significance of establishing a robust organizational and economic structure to facilitate business growth and foster a conducive environment for local and foreign investment. By implementing these strategies, Libya can unlock its economic potential and pave the way for sustainable development.