Egyptian firms are eyeing a revival of business in Libya where a new government is starting work to rebuild the nation on Egypt's doorstep that was shattered by a decade of fighting and chaos.
Egyptian food products are already widely available in Libyan shops, with exports of $55 million in the first quarter. Before 2011, a quarter of Libyan construction material imports came from Egypt, said Walid Gamal el-Din, president of Egypt's construction materials export council, a level he said Egypt could expect to regain as the Libyan market revives.
Libya is already Egypt's top export market in Africa for building insulation materials and its second biggest market for marble exports, said Kamal Al Desouki in the construction materials department at the Federation of Egyptian Industries.Signs of Libya's economic recovery are emerging. Exports of Egyptian engineered products, such as household appliances, rose 45% to $19.
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