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    <title>Send2Press Newswire</title>
      <link>http://www.send2press.com/newswire/</link>
      <description>Business, Entertainment and Technology News</description>
      <pubDate>Tue, 08 Jul 2008 18:17:01 GMT</pubDate>
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        <title>Caribsoft Infosystems Has Been Assessed and Certified as Meeting the Requirements of the Prestigious ISO 9001:2000 Certification</title>
        <link>http://www.send2press.com/newswire/2008-03-0313-004.shtml</link>
        <pubDate>Thu, 13 Mar 2008 10:45:18 GMT</pubDate>
        <category>Software</category>
        <category>Send2Press</category>	
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	<![CDATA[ CALCUTTA, India, March 13 (SEND2PRESS NEWSWIRE) -- Caribsoft Infosystems Pvt Ltd (Caribsoft India), has been assessed and certified as meeting the requirements of the prestigious ISO 9001:2000 certification for design, development, testing and implementation of software projects.
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	CALCUTTA, India, March 13 (SEND2PRESS NEWSWIRE) -- Caribsoft Infosystems Pvt Ltd (Caribsoft India), has been assessed and certified as meeting the requirements of the prestigious ISO 9001:2000 certification for design, development, testing and implementation of software projects. <br/>
<br/>
<img src="http://Send2Press.com/mediaboom/08-0312-Caribsoft_72dpi.jpg" align="left" hspace="20" alt="Caribsoft India" />ISO 9001:2000, which gives the requirements for quality management systems, is firmly established as the globally implemented standard for providing assurance about the ability to satisfy quality requirements and to enhance customer satisfaction in supplier-customer relationships.<br/>
 <br/>
Caribsoft India had engaged the services of an independent quality system certification body, SGS, to obtain an ISO 9001:2000 certificate of conformity. SGS is the world's leading inspection, verification, testing and certification company. <br/>
<br/>
In speaking to the need for ISO 9001:2000 certification, Sujit Sarkar, President and CEO, Caribsoft India, said, "Caribsoft is focused to removing risks of technology and people in developing IT projects. Our ISO certification will help companies to decide on their preferred IT service provider with the peace of mind. Our processes are geared to satisfy their requirements, with clear quality policy and measurable quality objectives. It will also help our internal human capital to increase their sense of ownership on the project since their individual contribution - be it as architect, developer, tester - with respect to achieving the quality, is defined across the whole IT project assembly line."<br/>
<br/>
Gene Sweeney, SVP Sales, Global Outsourcing Services, Caribsoft India, said, "With this ISO certification, there is an objective verification of Caribsoft India's ability to deliver low cost, better, faster solutions to SME customers in USA." <br/>
<br/>
<strong>About Caribsoft India</strong><br/>
Caribsoft India has offshore development center in Calcutta, India and operates from two (2) additional locations in the U.S., Marietta, Georgia, and Orlando Florida, that are managed by an American sales and account executive team.<br/>
<br/>
More information: <a href="http://www.caribsoftindia.com" target="_new">www.caribsoftindia.com</a> or call +1-800-234-7011.	
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	<p><a href="http://www.send2press.com">Copyright &copy; 2008 Send2Press&#174; Newswire, a unit of Neotrope&#174;</a>
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TAGS: <a href="http://technorati.com/tag/Send2Press+Newswire" rel="tag">Send2Press Newswire</a>, <a href="http://technorati.com/tag/Caribsoft+Infosystems" rel="tag">Caribsoft Infosystems</a>, <a href="http://technorati.com/tag/Caribsoft+India" rel="tag">Caribsoft India</a>
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        <title>Libya Opens Up to Foreign Investment; Strongly Supports National Private Sector And FDI</title>
        <link>http://www.send2press.com/newswire/2007-05-0514-003.shtml</link>
        <pubDate>Mon, 14 May 2007 16:00:00 GMT</pubDate>
        <category>International Business</category>
        <category>Send2Press</category>	
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	<![CDATA[ TRIPOLI, Libya - May 14 (SEND2PRESS NEWSWIRE) -- According to Phoenicia Group, the leading U.S.-Libyan diversified business and consultancy group, and a strategic partner to several multinational corporations in Libya, business confidence has reached an all time high among the Libyan private sector and foreign companies looking to invest in Libya, a result of astute government policies in streamlining the business and legal regulatory framework and government support of private sector and entrepreneurial growth.
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	TRIPOLI, Libya - May 14 (SEND2PRESS NEWSWIRE) -- According to Phoenicia Group (www.phoenicia.ly), the leading U.S.-Libyan diversified business and consultancy group, and a strategic partner to several multinational corporations in Libya, business confidence has reached an all time high among the Libyan private sector and foreign companies looking to invest in Libya, a result of astute government policies in streamlining the business and legal regulatory framework and government support of private sector and entrepreneurial growth.<br/>
<br/>
<img src="http://Send2Press.com/mediaboom/07-0213-Phoenicia.jpg" align="left" id="2007-05-0514-003" hspace="20" alt="(c) Send2Press" />Ryad Sunusi, interim President & CEO of the privately-held Phoenicia Group and founder of the Libyan-American Business Council, expressed confidence in the strength of the Libyan economy and business opportunities available during a conference call from Tripoli with businessmen, investors and analysts, stating:<br/>
<br/>
"Libya has great FDI potential - Libya's infrastructure is in need of repair, and is a large country with many needs," he said.<br/>
<br/>
"Outside the Oil and Gas sector, infrastructure is high priority - hospitals, housing, schools, sanitation services, water and power supplies, as well as construction of new ports, airports, rail system, roads, and other essential services."<br/>
<br/>
U.S. Engineering group AECOM recently nabbed an agreement with the GPC for Housing and Utilities, and Dow Chemical Company inked a JV agreement with Libya's National Oil Corporation to overhaul and upgrade the Ras Lanuf petrochemical complex, evidence of the increasing openness in reaching deals.<br/>
<br/>
"Outstanding prospects exist for U.S. and international firms in advanced oil field technology and services, medical equipments and hospital supplies, aviation, electric power generations, transmission systems, computers & software services, security and safety equipments, telecommunications, water resource equipments, farm machinery, agricultural commodities such as wheat and corn," Sunusi noted, a fact echoed by numerous economic reports.<br/>
<br/>
Sunusi, a prominent Libyan consultant and analyst, whose Phoenicia Group has earned a reputation as a conduit for international businesses in accessing the Libyan market, projects sustained growth in nearly all market sectors well into the future.<br/>
<br/>
Sunusi says that Libya welcomes investors to bring capital, technology, and services to Libya, characterizing the business environment as "an environment of increasing private enterprise, and the launch of a new economic, political, and social development phase of the country."<br/>
<br/>
Libya consistently ranks as North Africa's top performing economies, with little debt, a healthy capital surplus, a relatively small, adaptable, and highly educated population, and carefully planned budget expenditures. <br/>
<br/>
Libya's economy grew above 7% in 2006, one of only 8 countries in Africa to buck the trend, meeting the desired aims of the U.N. Millennium Development goals as outlined in Africa Development Report 2007. <br/>
<br/>
"U.S. and international investors and traders eying Libya need to identify a reliable and established partner - who can provide the assistance, contacts, and legal support services and guide them through all aspects of doing business in Libya - doing business in Libya needs vision, patience, and adaptability and our presence and experience in Libya can make sure our clients realize their projects development, planning, and implementation goals on a fast-track basis.'<br/>
<br/>
Libya's geographical position makes it an ideal transit zone for companies seeking to export to Europe, Africa, and Caspian countries through its Free Trade Zone in Misratah.<br/>
<br/>
Sunusi joked about the weather, saying, "It's definitely cooler here than out in the Gulf, and geographically, we're closer to Europe, Africa, and the U.S., why shouldn't we make use of our resources and location, if we do it right, we'll see a migration of companies from the Gulf to Libya."<br/>
<br/>
Key services provided to U.S. and international clients include Risk Management, Commercial Advisory/Business Law, Communication, Government Relations, Trade Advocacy, Concept Development, Contract Negotiations, Distribution, Marketing, Sourcing, Strategy, and Total Project Management.<br/>
<br/>
The Phoenicia Group, a widely touted poster child of Libyan private sector achievement, has, since its inception in 1999, experienced rapid expansion in the oil & gas, construction, tourism, telecommunications, health, services, and agribusiness sectors, making it the leading Libyan private company and consultancy group; and sponsoring the spin-off of the Libyan-American Business Council in 2004 to promote U.S.-Libyan trade and business exchange.<br/>
<br/>
<strong>About Phoenicia Group Libya, LLC</strong><br/>
Phoenicia Group, a U.S.-Libyan professional business services company, establishes and advises on interoperability issues in the Libyan Market with technology, and devises, researches and implements market entry and risk management strategies for U.S. companies wishing to establish a foothold for commerce in Libya. <br/>
<br/>
For more information, please visit <a href="http://www.phoenicia.ly" target="_new">www.phoenicia.ly</a>.<br/>
	
	</p>
	<p> </p>
	<p><a href="http://www.send2press.com">Copyright &copy; 2007 Send2Press&#174; Newswire, a unit of Neotrope&#174;</a>
	<br />
TAGS: <a href="http://technorati.com/tag/Send2Press+Newswire" rel="tag">Send2Press Newswire</a>, <a href="http://technorati.com/tag/Libyan+Market+consultancy+group" rel="tag">Libyan Market consultancy group</a>, <a href="http://technorati.com/tag/Phoenicia+Group" rel="tag">Phoenicia Group</a>
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        <title>The AmeriChinaB2B Connection Makes Distributor Recruiting in China Easier</title>
        <link>http://www.send2press.com/newswire/2007-03-0316-003.shtml</link>
        <pubDate>Fri, 16 Mar 2007 15:15:00 GMT</pubDate>
        <category>International Business</category>
        <category>Send2Press</category>	
        <guid isPermaLink="true">http://www.send2press.com/newswire/2007-03-0316-003.shtml</guid>
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	<![CDATA[ PALO ALTO, Calif. - Mar. 16 (SEND2PRESS NEWSWIRE) -- AmeriChinaB2B, the importing and exporting Internet marketing platform to China has launched its newest service, a web portal exclusively for recruiting distributors. The recruiting portal is designed to provide U.S. businesses with assistance in locating distributors, middlemen or manufacturing sourcing sites in China's vast industrial base.
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	<p>
	PALO ALTO, Calif. - Mar. 16 (SEND2PRESS NEWSWIRE) -- AmeriChinaB2B, the importing and exporting Internet marketing platform to China has launched its newest service, a web portal exclusively for recruiting distributors. The recruiting portal is designed to provide U.S. businesses with assistance in locating distributors, middlemen or manufacturing sourcing sites in China's vast industrial base.<br/>
 <br/>
Ben Lee, President of AmeriChinaB2B hopes that with his company's assistance U.S. businesses will be able to overcome the barriers that exist in China which block many businesses efforts to locate the right representative or access local markets. <br/>
<br/>
AmeriChinaB2B, after launching its Internet import and export marketing platform in January, has now introduced a new distributor recruiting service portal. The web service in addition to its existing services will help small and medium sized U.S. businesses to recruit distributors within China's industrial trade channels. The Internet recruiting service is a unique recruiting web portal for U.S. companies to locate, recruit and hire distributors, sales representatives and local talents in China.<br/>
<br/>
American businesses will be able to connect through the website with distributors, middlemen, agents and manufacturing sourcing sites to build sales channels in China. AmeriChinB2B, with its partners in China, and combined knowledge of the Chinese culture, language and business markets, will be able to guide U.S. companies through the bureaucratic hurdles of regulations and policies that so often prevent entrance into Chinese markets.<br/>
<br/>
Ben Lee believes that his company and its Internet web platform is the best way to begin to approach the Chinese export market. "AmeriChinaB2B recognizes that there are many difficulties facing U.S. companies when trying to enter into the Chinese business markets," Lee said.<br/>
<br/>
"With our recruiting portal focused on connecting with trade channels in China, we are able to locate and recruit the right distributor organizations and manufacturing firms," Lee added. <br/>
<br/>
The AmeriChinaB2B recruiting process begins with conducting a distributor candidate search in all major industrial regions of China. By posting recruitment messages on the Internet recruiting platform U.S. companies are able to find sales agents, sales channels.<br/>
<br/>
The Internet recruiting portal main function is to help U.S. businesses find sales agents, sales channels, and distributors through numerous job market sites, professional sites, chamber of commerce, and professional organizations. The recruiting portal offers an online filtering system, which chooses candidate's resume matching client's requirement based upon their industrial experience, sales and marketing experience, education background, and their locations. <br/>
<br/>
This matching process is followed up with credential investigation system to verify the candidate's academic credibility, employment references, English certification and work ethic are checked through various domestic credit systems. After passing AmeriChinaB2B initial assessment, it's experienced Chinese recruiting experts subsequently interview the candidates to verify their qualifications. After these steps are completed, AmeriChinaB2B then recommends the pre-qualified candidates to U.S. companies. <br/>
<br/>
And every effort of the AmeriChinaB2B Internet recruitment portal's focus is on helping U.S. companies have distributor or sales agents. Interestingly enough, many people and businesses in China have a great desire to work with U.S. companies. This connection helps both U.S. and Chinese companies do business better. <br/>
<br/>
For more information, please check: <a href="http://www.americhinab2b.com" target="_new">www.americhinab2b.com</a> and <a href="http://www.americhinab2b.cn" target="_new">www.americhinab2b.cn</a>.<br/>
<br/>
<small>Text provided by the news source.</small><br/>
	
	</p>
	<p> </p>
	<p><a href="http://www.send2press.com">Copyright &copy; 2007 Send2Press&#174; Newswire, a unit of Neotrope&#174;</a>
	<br />
TAGS: <a href="http://technorati.com/tag/Send2Press+Newswire" rel="tag">Send2Press Newswire</a>, <a href="http://technorati.com/tag/AmeriChinaB2B+Inc" rel="tag">AmeriChinaB2B Inc</a>, <a href="http://technorati.com/tag/entrance+into+Chinese+markets" rel="tag">entrance into Chinese markets</a>
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        <title>Libya Oil Services Sector Booming; U.S. Companies Encouraged To Partner With Libyan Firms</title>
        <link>http://www.send2press.com/newswire/2007-01-0131-001.shtml</link>
        <pubDate>Wed, 31 Jan 2007 13:45:00 GMT</pubDate>
        <category>International Business</category>
        <category>Send2Press</category>	
        <guid isPermaLink="true">http://www.send2press.com/newswire/2007-01-0131-001.shtml</guid>
        <description>
	<![CDATA[ TRIPOLI, Libya - Jan. 31 (SEND2PRESS NEWSWIRE) -- According to Phoenicia Group, the US-Libyan diversified business group, which is a strategic partner to several U.S. and international companies in Libya, business opportunities in the oil services sector is rocketing as E&amp;P majors ratchet up their drilling schedules in Libya's much sought oil fields, with hundreds of wells estimated to be drilled in the next few years.
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	TRIPOLI, Libya - Jan. 31 (SEND2PRESS NEWSWIRE) -- According to Phoenicia Group (www.phoenicia.ly), the U.S.-Libyan diversified business group, which is a strategic partner to several U.S. and international companies in Libya, business opportunities in the oil services sector is rocketing as E&P majors ratchet up their drilling schedules in Libya's much sought oil fields, with hundreds of wells estimated to be drilled in the next few years.<br/>
<br/>
<img src="http://send2press.com/mediaboom/07-0109-Phoenicia.jpg" align="left" hspace="20" alt="(c) Send2Press" />Ryad Sunusi, interim President &amp; CEO of the privately-held Phoenicia Group, and a prominent Libyan businessman and consultant, is bullish on the prospects and opportunities, saying:<br/>
<br/>
'Libya is, from an oil company's point of view and taking into account risk-reward strategy, an incredibly attractive investment.'<br/>
<br/>
'Libya's light, low-sulfur crude commands a premium in world markets; offered oil blocks offer high probabilities of finding oil, and with energy prices going up and secure sources narrowing, Libya represents a stable and highly profitable energy market for years to come.'<br/>
<br/>
This comes as U.S. energy heavyweights ExxonMobil, Chevron, Occidental Petroleum, and the former Oasis Group ( ConocoPhillips, Amerada Hess, and Marathon Oil) compete with entrenched European rivals like Eni Spa, OMV, and Total for prime area blocks from Libya's National Oil Corporation.<br/>
<br/>
Sunusi, whose Phoenicia Group is active in diverse sectors in Libya, is focusing on oil services and construction; and has established oil services companies Al-Marooj, Oea, and Akakus to tap the market, by establishing joint ventures with U.S. and international oil services companies.<br/>
<br/>
Libya seeks to build its private sector, and has enacted legislation requiring international oil services companies wishing to do business in Libya do so through joint ventures with a Libyan partner according to GPC Decision 443/2006, which was passed last November by the General People's Committee, Libya's executive decision-making body.<br/>
<br/>
In effect, Libyan companies must represent any international oil services company in Libya, be it in the seismic, coil tubing, drilling, workover, consulting, construction, engineering, communications, logistics, catering, or communications fields.<br/>
<br/>
Sunusi revealed Phoenicia Group is in wide-ranging talks with U.S. and international oil services companies for joint ventures with his group, and says that joint ventures have already been formed with key players in the U.S. and Europe.<br/>
<br/>
'As a well-known local partner to international oil services companies, we bring knowledge, experience, and understanding of local norms, as Libya is a difficult market to understand without a reliable and established partner.'<br/>
<br/>
'We currently are very interested in partnering with experienced U.S. and international drilling and work-over contractors, with both onshore and offshore experience.'<br/>
<br/>
'Libya is open for business and offers U.S. and international companies a stable and secure environment to prosper, and that, coupled with the great opportunities, should make Libya irresistible, thanks in large part to the forward-looking policies of the Libyan government.'<br/>
<br/>
The Phoenicia Group, a widely touted poster child of Libyan private sector achievement, has, since its inception in 1999, experienced rapid expansion in the oil &amp; gas, construction, tourism, telecommunications, health, services, and agribusiness sectors, making it the leading Libyan private business and consultancy group; and sponsoring the spin-off of the Libyan-American Business Council in 2004 to promote U.S.-Libyan trade and business exchange.<br/>
<br/>
<strong>About Phoenicia Group Libya, LLC</strong><br/>
Phoenicia Group, a U.S.-Libyan professional business services company, establishes and advises on interoperability issues in the Libyan Market with technology, and devises, researches and implements market entry and risk management strategies for U.S. companies wishing to establish a foothold for commerce in Libya. <br/>
<br/>
For more information, visit <a href="http://www.phoenicia.ly" target="_new">www.phoenicia.ly</a>.<br/>
<br/>
<small>Text provided by the news source.</small><br/>
<br/>
	
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	<p> </p>
	<p><a href="http://www.send2press.com">Copyright &copy; 2007 Send2Press&#174; Newswire, a unit of Neotrope&#174;</a>
	<br />
TAGS: <a href="http://technorati.com/tag/Send2Press+Newswire" rel="tag">Send2Press Newswire</a>, <a href="http://technorati.com/tag/Phoenicia+Group+Libya" rel="tag">Phoenicia Group Libya</a>, <a href="http://technorati.com/tag/international+companies+in+Libya" rel="tag">international companies in Libya</a>
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        <title>Phoenicia Group Consolidates Libya Operations; Plans Further Expansion</title>
        <link>http://www.send2press.com/newswire/2007-01-0110-002.shtml</link>
        <pubDate>Wed, 10 Jan 2007 14:54:00 GMT</pubDate>
        <category>International Business</category>
        <category>Send2Press</category>	
        <guid isPermaLink="true">http://www.send2press.com/newswire/2007-01-0110-002.shtml</guid>
        <description>
	<![CDATA[ TRIPOLI, Libya - Jan. 10 (SEND2PRESS NEWSWIRE) -- Phoenicia Group Libya LLC, the leading U.S.-Libyan diversified business and consultancy group, today announced acquisitions of several Libyan companies in key growth sectors in Libya and spearheading the establishment of Libya's first private equity fund.
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	TRIPOLI, Libya - Jan. 10 (SEND2PRESS NEWSWIRE) -- Phoenicia Group Libya LLC (www.phoenicia-group.net), the leading U.S.-Libyan diversified business and consultancy group, today announced acquisitions of several Libyan companies in key growth sectors in Libya and spearheading the establishment of Libya's first private equity fund.<br/>
<br/>
<img src="http://send2press.com/mediaboom/07-0109-Phoenicia.jpg" align="left" hspace="20" alt="(c) Send2Press" />New acquisitions include Al-Itlala Healthcare Co, a medical services company; Akakus Catering Co, a full-service catering company for the oil and gas industry; Najla Co., a logistics and transportation company; United Libyan Construction Industries Co; which produces a variety of industrial goods; and Oea Oil Services Co., a local Libyan oil services company. <br/>
<br/>
The latest acquisitions bring the number of companies under the control of the Phoenicia Group to 17.<br/>
<br/>
Libu Capital Inc., a private equity firm established by Phoenicia Group this year, expects to raise $20,000,000 by year's end and up to $75,000,000 within 3 years to fund new ventures and companies in key sectors primed for privatization.<br/>
<br/>
Ryad Sunusi, acting President &amp; CEO of the privately-held Phoenicia Group and a prominent Libyan businessman and consultant, expressed confidence in the strength of the Libyan economy and business opportunities available during a conference call from Tripoli with businessmen, investors and analysts, stating:<br/>
<br/>
"Libya is undergoing rapid industrial and economic expansion and, by any yardstick, is an emerging market with incredible potential in virtually every market segment."<br/>
<br/>
"We are capitalizing on our established base in Libya and will continue to offer our clients the reliable and effective business solutions they have come to expect, by delivering proven leverage strategies to enhance a competitive position in Libya for our clientele."<br/>
<br/>
Mr. Sunusi's upbeat predictions extend to forming partnerships and alliances with international companies, saying, "U.S. and international firms need a well-established and knowledgeable partner; and, as Libya's leading private sector group, we are well placed to advise on market entry and risk management concerns."<br/>
<br/>
"Our expectations are spot on target; 2007 will be an exciting year for all of us, with several milestone announcements to be made later this year."<br/>
<br/>
Key services provided to U.S. and international clients include Risk Management, Commercial Advisory/Business Law, Communication, Government Relations, Trade Advocacy, Concept Development, Contract Negotiations, Distribution, Marketing, Sourcing, Strategy, and Total Project Management.<br/>
<br/>
Khalid Bushesi, an analyst at the Academy of Graduate Studies, a Libyan think-tank, commented, "International investors and businesses need a clear and effective instrument for facilitating investment and formulating entry strategies in a complex, albeit lucrative, market like Libya; Phoenicia Group, as an established and experienced player, seeks to present itself as just that - a viable instrument to advise U.S. and international companies on accessing the Libyan market."<br/>
<br/>
"By focusing on a diversification and alliance strategy, Phoenicia Group has skillfully positioned itself to reap the benefits of and solidly establish itself as the leading Libyan private group, which is helped by the absence of any serious competitors to the group."<br/>
<br/>
The consolidation and merger strategy will integrate key services and reduce costs; making Phoenicia Group the dominant private sector player in Libya and result in a more diversified portfolio.<br/>
<br/>
The Phoenicia Group, a widely touted poster child of Libyan private sector achievement, has, since its inception in 1999, experienced rapid expansion in the oil &amp; gas, construction, tourism, telecommunications, health, services, and agribusiness sectors, making it the leading Libyan private business and consultancy group; and sponsoring the spin-off of the Libyan-American Business Council in 2004 to promote U.S.-Libyan trade and business exchange.<br/>
<br/>
<strong>About Phoenicia Group Libya, LLC</strong><br/>
Phoenicia Group, a U.S.-Libyan professional business services company, establishes and advises on interoperability issues in the Libyan Market with technology, and devises, researches and implements market entry and risk management strategies for U.S. companies wishing to establish a foothold for commerce in Libya. For more information, visit <a href="http://www.phoenicia-group.net" target="_new">www.phoenicia-group.net</a><br/>
<br/>
<small>Text provided by the news source.</small><br/>
	
	</p>
	<p> </p>
	<p><a href="http://www.send2press.com">Copyright &copy; 2007 Send2Press&#174; Newswire, a unit of Neotrope&#174;</a>
	<br />
TAGS: <a href="http://technorati.com/tag/Send2Press+Newswire" rel="tag">Send2Press Newswire</a>, <a href="http://technorati.com/tag/Phoenicia+Group+Libya" rel="tag">Phoenicia Group Libya</a>, <a href="http://technorati.com/tag/Libyan+American+Business+Council" rel="tag">Libyan American Business Council</a>
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        <title>Libya to Spend $40 Billion on Infrastructure, Housing Projects; Invites U.S. and International Companies to Partner With Libyan Firms</title>
        <link>http://www.send2press.com/newswire/2006-12-1220-001.shtml</link>
        <pubDate>Wed, 20 Dec 2006 14:38:00 GMT</pubDate>
        <category>International Business</category>
        <category>Send2Press</category>	
        <guid isPermaLink="true">http://www.send2press.com/newswire/2006-12-1220-001.shtml</guid>
        <description>
	<![CDATA[ TRIPOLI, Libya - Dec. 20 (SEND2PRESS NEWSWIRE) -- According to Phoenicia Group, a U.S.-Libyan diversified business firm and consultancy group, Libyan officials have earmarked a record $40 Billion for a nation-wide infrastructure and housing program to revamp a decaying public infrastructure caused by years of sanctions; a subtle green light to U.S. and international engineering and construction companies to establish a stake in the construction boom set to explode in the coming years.
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	TRIPOLI, Libya - Dec. 20 (SEND2PRESS NEWSWIRE) -- According to Phoenicia Group (www.phoenicia-group.net), a U.S.-Libyan diversified business firm and consultancy group, Libyan officials have earmarked a record $40 Billion for a nation-wide infrastructure and housing program to revamp a decaying public infrastructure caused by years of sanctions; a subtle green light to U.S. and international engineering and construction companies to establish a stake in the construction boom set to explode in the coming years.<br/>
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<img src="http://send2press.com/mediaboom/1206-S2P-Phoenicia.jpg" align="left" hspace="20" alt="" />The ambitious program, announced at a specialized exhibition and conference in Tripoli last week, will allocate approximately $13 Billion to housing, $10.5 Billion to infrastructure, and $4 Billion to local regions, promising to transform the country and giving a welcome face-lift to long-standing public eye-sores like potted streets and unkempt facades, according to Ryad Sunusi, a prominent U.S. educated businessman and consultant and President &amp; CEO of the privately-held Phoenicia Group, which has substantial interests in the construction, engineering, and oil services sector in Libya.<br/>
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"Libya, clearly, is going to be a construction hotspot for the next few years, as the Libyan government has wisely given the infrastructure sector national priority and a significant budget," he pointed out.<br/>
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Libya, flush with confidence and awash with petro-dollars amid intense interest from oil and gas companies, as witnessed by oil majors flocking to bid for unexplored blocks in the latest round this month, has signed dozens of billion dollar contracts in recent years and is set to continue the trend in the foreseeable future, in what pundits are calling a "Libyan Renaissance."<br/>
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"All public buildings and infrastructure will be renovated and large-scale civil projects like housing projects, tourism infrastructure, rail, roads, and airports built; this is an exciting time for the construction sector in Libya and we welcome U.S. and international companies for partnerships in the sector," Mr. Sunusi said.<br/>
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Foreign engineering and construction companies wishing to do business in Libya must do so through joint ventures with a Libyan partner according to GPC Decision 443/2006, which was passed last month by the General People's Committee, Libya's executive decision-making body.<br/>
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Mr. Sunusi revealed that the Phoenicia Group is in talks with several U.S., European, and Asian engineering and construction companies on joint ventures to tap the market.<br/>
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"We continue to seek dialogue with international partners in joint partnerships and alliances in Libya, and laud the forward-looking policies of the Libyan government in focusing on training and development programs to sustain a new corps of Libyan business leaders, which has proven invaluable to the Libyan private sector," he stated.<br/>
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The Phoenicia Group, a widely touted poster child of Libyan private sector achievement, has, since its inception in 1999, experienced rapid expansion in the oil &amp; gas, construction, tourism, telecommunications, health, services, and agribusiness sectors, making it the leading Libyan private company and consultancy group; and sponsoring the spin-off of the Libyan-American Business Council in 2004 to promote U.S.-Libyan trade and business exchange.<br/>
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<strong>About Phoenicia Group Libya, LLC</strong><br/>
Phoenicia Group, a U.S.-Libyan professional business services company, establishes and advises on interoperability issues in the Libyan Market with technology, and devises, researches and implements market entry and risk management strategies for U.S. companies wishing to establish a foothold for commerce in Libya. <br/>
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For more information, visit <a href="http://www.phoenicia-group.net" target="_new">www.phoenicia-group.net</a><br/>
	
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