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Economy of Libya


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20% of GDP, have expanded from processing mostly agricultural products to include the production of petrochemicals, iron, steel and aluminum.
Climatic conditions and poor soils severely limit agricultural output, and Libya imports about 75% of its food. Water is also a problem, with some 28% of the population not having access to safe drinking water in 2000. The Great Manmade River project is tapping into vast underground aquifers of fresh water discovered during the quest for oil, and is intended to improve the country's agricultural output.
Under former Jamahiriya prime ministers Shukri Ghanem and Baghdadi Mahmudi, Libya underwent a business boom, with initiatives to privatize many government-run industries. Many international oil companies returned to the country, including oil giants Shell and ExxonMobil.
Tourism was on the rise, bringing increased demand for hotel accommodation and for capacity at airports such as Tripoli International. A multi-million dollar renovation of Libyan airports was approved in 2006 by the government to help meet such demands. Previously, 130,000 people visited the country annually; the Jamahiriya government hoped to increase this figure to 10,000,000 tourists. Libya had long been a notoriously difficult country for Western tourists to visit due to stringent visa requirements. Since the overthrow of Gaddafi's government, there has been revived hope that an open society will encourage the return of tourists. Prior to the uprising, Saif al-Islam Gaddafi, the second-eldest son of Muammar Gaddafi, was involved in a green development project called the Green Mountain Sustainable Development Area, which sought to bring tourism to Cyrene and to preserve Greek ruins in the area.
In August 2011, Ahmed Jehani, head of the Libyan Stabilisation Team appointed by the rebel National Transition Council, estimated it would take at least 10 years to rebuild Libya's infrastructure. He also noted that Libya's
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