Egyptians are really like to do business in Libya now, but the domestic politics issue seem to be stoppin them to go there.
Egypt gave a lifeline to Gaddafi's opponents based in eastern Libya by keeping the border open to flows of food and medical aid. Leaders of Libya's National Transitional Council have publicly said they will favor companies from countries which did most to support the rebellion.
That could put Western countries such as France, Britain and the United States, which swiftly backed the rebels, ahead in the queue for business. Arab states such as Qatar, which provided early diplomatic, material and military support, may also get better treatment.
Trying to make up for lost time in building relations with Libya's new government, Egypt said it was sending a high-level foreign ministry delegation to Libya days after Gaddafi fled into hiding in late August.
Egyptian firms are already lining up. Among them is El Sewedy Electric, which has exported its cables to Libya since 1999 and agreed in 2003 to set up a $64 million factory in Tripoli, although the project has yet to be developed.
Chief Executive Ahmed el-Sewedy told Reuters that Egypt's government was supporting Egyptian firms, but he said they would find competition in Libya tough and could face a challenge getting into a market that many have not ventured into for years, if at all.
Other Egyptian companies cited by analysts as possible contenders for business are Orascom Telecom and Orascom Construction. Both have a reputation for drumming up business in the toughest of emerging markets.
Libya is now a land with high potentia for busiess, not only Egyptian also other nationality will to do business in there, the ruined nation need to be reconstructed, which requires lots of construction machinery.
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