Foreign investment in construction activities involving projects of less than 30 million dinars is prohibited.
"Section One - Joint-Venture Companies [...]
Article 6
It is prohibited to establish joint-venture companies for carrying out the hereunder activities, whereas such activities shall be confined to Libyans only in exclusion to any others:
1. Retail and wholesale trade
2. Importation
3. Catering services
4. All types and fields of commercial agencies
5. Road transport services
6. Inspection activity of all imported and exported commodities and goods
7. Activity of handling, loading and unloading in sea ports
8. Accountancy and auditing duties as well as financial, legal and economical consultancies
9. Crushing of stones (Crushers)
10. To bring ordinary and trained laborers as well as medium and high cadres according the conditions and controls which are set by ministry of labour and habitation
11. Contracting and civil works including activity of building and construction in respect of contracts less than 30 million dinars
12. Any other fields which are restricted to Libyans according the effective regulations
Part Two - Foreign companies’ branches
Article 7
The foreign companies after obtaining permission from the minister of economy will open branches in the specified fields in article 9 of this decision on condition that it does not participate in a joint company working in the same field or activity and the branch’s work period will be five years subject to renewal.
[...]
Article 9
The fields and activities of foreign companies which are permitted to open branches in Libya will be specified as follows:
Firstly – field of contracting and civil works:
1. Building and construction
2. Construction of roads, bridges and dams
3. Marine constructions such as marine quays, break waters, dry docks and deepening ports
4. Construction of airports and runways
5. Laying railways and construction of stations
6. Construction of nets for transport and distribution of gas by using types and sizes of carbon steel and polyethylene pipes
7. Installing and maintaining domestic gas network and calibration of gas measuring meters
The value of contracts for resuming the fields in items (1 – 5) should not be less than 50 million dinars. [...]" (Decision of the Minister of Economy No. 207 of the year 2012 in respect of foreigners participation in foreign companies, branches and representative offices of foreign companies in Libya)
Decision of the Minister of Economy No. 207 of the year 2012 in respect of foreigners participation in foreign companies, branches and representative offices of foreign companies in Libya
[<a href="https://www.chambre-de-commerce-franco-libyenne.org/uploads/D%C3%A9cision%20207%20(traduction%20anglaise).pdf">Decision</a>]