Encouraging and Organizing the Private Sector Firms and the Implementation Problems.

Abstract

The Libyan economic policy  had been for a long time dependent on the state-owned sector  for a number of objectives of  which the very important were  creating a variety of economic  resources and decrease the dependency on the oil industry.  According to its failure to achieve  the desired objectives, the system has been modified to give role for the private sector to play  in developing the country's economy. This research paper ate mpts to explore the effectiveness of the policy implemented to  encourage and organising the  private sector through a critical  investigation of a number of  construction companies.

The study has used a case  study approach and concluded  that most of the construction companies can be classified as small and medium enterprises; the growth of this sector is very  slow due to ambiguous public strategies; lack of stability in the  regulatory system; and the abs ence of the information system according to which the strategies  and programs can be assessed.