subject: Employment Opportunities In Libya, An Upcoming Career Destination [print this page] Libya is located in North Africa and is defined as an Upper Middle Income Economy by the World Bank. It is surrounded by Mediterranean Sea, Egypt, Sudan, Chad, Niger, Algeria and Tunisia from all sides. The capital of Libya is Tripoli and it is the fourth largest country in Africa in terms of land area.
The economy of Libya is hugely dependent on oil revenue as it is an oil producing country. The Government is now trying to shift the focus from oil industry to others like teaching and education, nursing and healthcare, travel and tourism, hotel and aviation, real estate and construction, etc. The countries of Middle East region are known for their huge reserves of oil, petroleum and natural gas. The economies of these countries are, therefore, concentrated on these reserves for years while prospering from the export revenues. The governments of Middle East countries like Libya, Algeria, Iraq, Jordon, Egypt, Kuwait, Morocco, Tunisia and others are now making efforts to diversify their economies.
The diversification of economy has helped in creating large number of jobs in Middle East. Such new career opportunities are available in almost all sectors and at all levels across the countries. For instance, jobs in Libya are generated due to the developmental plans carried throughout the industries. Also, Libya has low financial liabilities and strong medium-term growth prospects in various sectors. Moreover, it has been working consistently on the mission of rebuilding its economic and political links to the rest of the world after years of isolation.
Libya has been able to survive the period of global financial turmoil quite easily due to its minimal external liabilities.Much lesser disruption was caused to its developmental plans as compared to other developing countries. In fact, it was kind of a blessing in disguise for Libyas economy as it became capable of pumping in the investments in Western world countries. With such huge amounts of money available, many job opportunities are available in Libya for natives and expatriates as well. According to sources, expatriate workers represent an estimated fifth of the labor force of the country. Finding jobs in Libya is not much trouble as job market is flourishing with more and more opportunities.
The companies in Libya prefer foreign workforce than the native ones and this is mainly because of the following two reasons:
There is a lack of specially-trained Libyans in the country and so, they are unable to meet the needs of the new labor market and
There are many Libyans who lack willingness to work at carpentry or metalwork shop or construction fields as they are looking for jobs matching their education.
Since, native professionals are not ready to take up jobs in Libya and are migrating in large numbers to other countries, the scope of employment for foreign nationals is even higher. Such high influx of foreigners has prompted officials to create a law according to which 30 % of all employees hired by foreign organizations must be Libyan nationals. But, traders and companies do not seem to be happy with the decision as they say it is difficult to find that percentage of Libyan workforce. Ultimately, the focus remains on hiring expatriate manpower, raising the need and demand for foreign professionals. Libya jobs for well trained and highly skilled outsiders are available across all sectors and at all levels.
So, if you have a dream to work abroad like so many people and you are looking for high paying jobs in Middle East region, Libya may be your place. Libya is all set to emerge as a popular career destination soon.
by: mnknaukri
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