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As the country’s reputation grows as an international business hub, there’s never been a better time for Libya-based companies to use flexible workspace
Regus this month opens its first centre in Libya, bringing drop-in offices, coworking and private offices, as well as a virtual office option, to the local business scene.
The Group CEO of Libya Africa Investment Portfolio (LAIP), Elkamel Elgsayer, has partnered with Regus franchisee Alhareth Ghattour to open the new Tripoli location in April 2021.
Elgsayer, whose portfolio already includes investments in real estate, car rental, office equipment and coffee shops, hopes that this new flexspace offering will tempt a raft of big-ticket companies expected to return to the country, thanks to its current period of growth.
The flexspace market in Libya is still very much in its infancy, so Regus’ parent company IWG is hoping to fill a gap in the market with its arrival.
Elgsayer is confident about the demand for and many uses of flexspace as the Libyan business scene evolves. “This new style of space will help international companies avoid expensive maintenance and insurance fees – also removing any worries about rental agreements – so they can concentrate on their business goals.”
While oil and gas is one of the most established sectors in Libya, it’s not just the only industry that Elgsayer predicts will be looking to have flexible working options in Tripoli. International NGOs are also set to increase their presence in the country, and the construction industry will also benefit.
Most exciting of all, he says, is the emergence of the telecommunications industry and finance sector. Libya has become a popular place to buy cryptocurrencies, and there are now several Bitcoin ATMs in the country.
The flexspace industry, he claims, will play an important role in growing Tripoli’s global business presence.
“We are seeing a lot more foreign business visitors who come for a few days or a week to search for buildings, places to rent,” he says.
“Hopefully those who are now coming on a temporary basis will become our permanent clients in the future. Now we can accommodate companies for a week initially, and, because of Regus’ international reputation, they will definitely consider renting offices for a longer period of time.”
Whether you’re taking your business to a new country or looking to adopt hybrid working models closer to home, find out how Regus can help your business.