Confusion about the status of UK trade sanctions against Libya could prevent UK civil engineers and construction firms from seizing opportunities in the new democracy.
Despite government body UK Trade and Investment (UKTI) confirming that most of the sanctions have been lifted so firms should no longer have problems getting insurance. But engineering firms are struggling to get adequate insurance cover because of uncertainty about other sanctions.
UKTI managing director, sectors group Edward Oakden pledged to spread the message that most sanctions had been lifted.
“It’s obviously something that we need to emphasise,” he said.
Oakden said that should not prevent firms from pursuing opportunities in Libya. “They certainly would have, had [the sanctions] still been in place but now they are no longer in place it should be easy for [insurance] contracts to be drawn up,” he said.