Shell invests in Mina West gas development in Egyptian Mediterranean Sea    Egypt's FM highlights 'soft power' in Mali meeting with alumni    Egypt's foreign minister opens business forum in Niger, targets new partnerships    Egypt's FM delivers Al-Sisi message to Niger's leader, seeks deeper security ties    Rafah Crossing 'never been closed for one day' from Egypt: PM    Egypt will keep pushing for Gaza peace, aid: PM    Remittances from Egyptians abroad surge 70% YoY in July–May: CBE    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    Egypt's current account gap narrows, but overall BoP records deficit    Al-Sisi urges accelerated oil, gas discoveries, lower import bill    Egypt hosts international neurosurgery conference to drive medical innovation    Egypt's EDA discusses Johnson & Johnson's plans to expand investment in local pharmaceutical sector    I won't trade my identity to please market: Douzi    Sisi calls for boosting oil & gas investment to ease import burden    EGX to close Thursday for July 23 Revolution holiday    Egypt, Senegal sign pharma MoU to unify regulatory standards    Egyptian Drug Authority discusses plans for joint pharmaceutical plant in Zambia    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt foils terrorist plot, kills two militants linked to Hasm group    Giza Pyramids' interior lighting updated with new LED system    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Uncertain Libyan prospects
Published in The Egyptian Gazette on 04 - 11 - 2011

CAIRO - Some Egyptian contracting companies perceive the current Libyan market as the lifeline that will save them from the deep economic recession. The January revolution and associated instabilities caused by a security breakdown and labour protests have taken their toll on many activities, which in turn slowed economic growth rates down.
However, Egyptian companies are not so optimistic about their share of the Libyan reconstruction cake, since NATO countries are expected to step in heavily in return for their support of the Libyan rebels in their bid to uproot a despotic ruler.
According to Mohamed Aglan, board member of the General Federation of Egyptian Contractors (GFEC), Egypt is not likely to get a reasonable share, since the NATO countries' potential is much bigger than that of Egyptian contractors.
However, the GFEC is reported to have already signed a co-operation protocol with its Libyan counterpart, whereby a small percentage of the reconstruction projects in Libya would be allocated to Egyptian companies.
According to GFEC, the protocol will come into effect after the naming of the new Libyan government.
Aglan said that Egyptian contracting companies accounted for merely one per cent of the work volume in the Libyan construction sector, which is dominated by Korean, Turkish, Chinese and American companies.
The chairman of the GFEC, Hassan Abdel Aziz, told Al-Shorouq independent daily that contracting activities would be confined to restoration. Enormous damage was done in the past few months due to a ferocious war between Libyan rebels and pro-Gaddafi forces.
In a relevant development, accredited training programmes are to be launched by the Egyptian Ministry of Manpower with a view of supplying the recovering Libyan market with a qualified construction labour force.
The proximity of the two countries has often created a large labour movement into Libya, where about two million Egyptians lived and worked before to the revolution.
Official estimates indicate that about 500,000 returned home, and many are already looking for new jobs in Libya, considering that the Egyptian unemployment rate has reached around 11.4 per cent.
As part of the projected Training Fund, the Manpower Ministry has chosen an initial group of 10,000 workers from different governorates, registered in the data base of the returning labour force, to be subject to vocational tests.
According to a Manpower Ministry statement, those who pass the tests would be granted certificates that entitle them to take part in reconstruction projects in Libya. Those who fail would be granted a second chance by attending a three-month training course in construction activities.
Manpower Minister Ahmed el-Boraei said earlier that these training certificates would comply with new standards set by the Libyan side to receive Egyptian workers.


Clic here to read the story from its source.