Top list garment manufacturing companies in Libya

1 Buhajar Group

Currently, China holds the lion’s share of the world’s garments manufacturing crown. A quick jaunt to the country’s largest metropolitan hub, Tianjin, will reveal a veritable smorgasbord of textiles, apparel, and gadgets of all shapes and sizes.

In fact, the oh-so-stylish city is home to over a million workers, including many of the country’s top designers, manufacturers, and fabricators. It’s also the sourcing capital of China, and its garments are exported to countries across the globe.

Although it’s a long shot, it’s a fact that the country’s garments sector is ranked among the country’s most profitable industries, with a turnover of over $37 billion. For a country that’s been a major player in the apparel industry since the 1980s, this isn’t a bad thing. In addition to a large workforce, the nation’s stout economy has fueled a steady flow of capital, especially in the past few years. In fact, the nation ranks sixth in terms of GDP per capita, ahead of its regional rivals India and Turkey.

The country’s gargantuan workforce has spawned the country’s largest garments manufacturing conglomerate, Buhajar Group, which has been a pillar of the community for decades. The group has been credited with the aforementioned best-of-the-best trophy of the trinity, as well as for its innovative research and development efforts. In the wake of the influx of capital, the company is set to continue its legacy by expanding its footprint in the MENA region.

One of the company’s most exciting prospects is the planned acquisition of a slew of garments companies in Nigeria. In particular, the upcoming acquisition will bring the country’s garments manufacturing industry into the 21st century. It’s also the nation’s largest apparel importer, and a leading supplier of a wide range of hosiery. In short, the country’s garments sector is a major driver of the nation’s economic growth.

2 Libyan Iron and Steel Company

Founded in 1979, the Libyan Iron and Steel Company is one of the largest industrial companies in the country. Its plant is situated 210 km east of Tripoli, on 1.200 hectares of land near Misrata. It has an annual designed capacity of 1.324 million tons of liquid steel.

The company is owned by the Libyan government and has over 6,800 employees. It produces a range of iron and steel products, including liquid steel. Its expansion plan is aimed at combating encroaching imports. It has built loading facilities and a dedicated port. It has signed financing agreements with five Libyan banks and a foreign partner.

The company is a significant contributor to the Libyan economy. It has a 60% market share in the iron and steel industry. It is working to rebuild the economy after the 2011 revolution. Its mission is to become a leading regional iron and steel company. Its leadership team includes Dr. Mohamed Elfighi, the head of the company.

Libya has been under political and economic instability for several years. In addition to the political uncertainty, the country’s economy has suffered from the decline of global oil prices. The government has had to cut subsidies for essential commodities, thereby limiting its economic growth.

The Libyan economy has declined since 2014. Its total GDP shrank by 60% in 2020. The economy mainly depends on oil and gas exports. However, low oil prices will lead to a sharp deceleration in the value of the country’s oil exports. This will increase the likelihood of international investors shying away from the country.

The country’s top exports are crude oil, petroleum gases and processed petroleum oils. These exports account for 96.1% of Libya’s global sales. Other major exports include iron ore and reduced iron ore, ammonia and nitrogenous fertilizers. Investopedia defines net exports as exports minus imports. This means that the country’s trade balance is positive.

In addition to the economic difficulties, Libya has to contend with a dysfunctional land registry. Its banking system is underdeveloped. Its borrowing and saving rates are high. The government’s budget accounts for about 60 percent of the national income. The central bank is located in Bayda. It needs to increase regulatory and supervisory measures to ensure macroeconomic stability. It should also encourage foreign investment by creating a cohesive financial sector.

3 Trucks & Buses Company

TBCo is a name you’ll be hearing a lot more of in the near future. It is also a joint venture with the IVECO Turin of Italy. It may have had its ups and downs along the way, but it is a reputable company that has been around since 1976. It has a tally of around 14,000 employees.

TBCo is a relatively small business compared to its larger cousins, but it does have a few advantages including low overhead costs and a well stocked supply chain. TBCo has a well deserved reputation for producing quality trucks and buses. Its frugally priced wares make it a popular choice amongst Libya’s many imports.

The company’s headquarters is located in Tajura, a city that is a requisite for the likes of a good pair of jeans. The company also operates a subsidiary in Tripoli, but the headquarters in question is on a different plane. TBCo has also been a pioneer in promoting green practices. Its tri-state operating footprint comprises of Libya’s largest city and its smaller counterparts. In the past, it was a major exporter of crude oil, but that is a topic for another time.

4 Traditional jewellery in Libya

Despite the end of the regime of Muammar Gaddafi, traditional jewellery is still being made in Tripoli city, Libya. Mahmud Barbushi, a 44-year-old goldsmith, is one of the last goldsmiths in the city, and his workshop is located in the heart of the old town.

Jewelry in Libya has several functions. It is used as a means of protection, as well as as a means of expressing the identity of a woman. A woman wears jewellery that reflects her marriage status, as well as her social and economic status. During dowry negotiations, jewellery is taken seriously. A married woman often assumes a hairstyle that is considered suitable for a married woman. When a girl becomes a mother, she is sometimes given a piece of jewellery.

There are many different designs of jewellery. Some are limited to specific locations or tribes, and others are patterned after designs from abroad. The designs vary from region to region, and from village to village.

The Kunagh necklace, considered the largest trinket at a Libyan wedding, is made of gold. It reaches from the woman’s neck to her stomach. The necklace is decorated with three large flower-shaped circles in the center. It is also surrounded by eight small circles. The ear ornaments of the Bedouin people are engraved with geometric and floral motifs. These ear ornaments terminate with a loop catch that is too thick to close.

In addition to these traditional items, men also wear shashiyahs, which are white cloth caps. They are usually accompanied by leather riding boots and sandals. Some Cyrenaica men prefer a red shashiyah.

During the wedding ceremony, the bride wears a pink dress and a matching scarf on her head. She then receives gifts from the groom’s family. A traditional hand fan is also carried by the bride. The groom’s family gives the bride food and gifts.

Most women, including newlyweds, wear jewellery when they are in the mood for extra money. Whether a piece of jewellery is bought is based on the woman’s income and the time she has to buy it.