The Economic Resources & Capabilities That Support The Development of Aquaculture
There are many economic factors that support the success of fish farming projects in Libya, which can be exploited and invested for the development of fish farming, which can be summarized as follows:
01.
A distinctive geographical location, in the middle of North Africa, with a coastline of more than 1,900 km long, on the coast of the White Mediterranean sea, and there are six African countries bordering Libya, from the east Egypt and Sudan and from the west Tunisia and Algeria and from the west Southern Chad and Niger. Only the Mediterranean Sea separates Libya from Europe, which gives it a competitive advantage in terms of its proximity to the shores of southern Europe, which is considered one of the most important global markets for fish farm products.
02.
The Libyan market is considered relatively limited due to the small number of the population, which does not exceed seven million people, however Libya is an oil country that obtains a large income from the export of oil, which makes the Libyan market enjoy high purchasing power and an increasing economic growth movement in stable economic conditions.
03.
Tax and customs incentives that the Libyan government can provide to import production inputs, thus contributing to reduce costs for setting up projects as well as encouraging farmers to expand their projects inside Libya.
04.
Availability of manpower at low costs compared to the cost of workers in European countries or some neighboring countries. Also, the ease of obtaining foreign labor, as the laws in force in Libya allow bringing in skilled labor necessary for the operation of projects, and this provides the opportunity to obtain the required labor from its cheap sources, including contributes to reduce production costs.
05.
The local environment can be attractive to fish farming projects, especially since they often exploit undeveloped areas exploited in other economic activities, such as agriculture, for example, and according to some surveys, the rural population in coastal regions welcome national projects, especially those of the state, because they realize the benefits they will get behind them, whether in terms of providing job opportunities for their children or in terms of developing those areas with what the state offers in terms of infrastructure and basic facilities, from which the local population is the first beneficiary.
