|Economy||| Print ||
The central business district.Tripoli is Libya's economic hub. It is the leading center of banking, finance and communication in the country as well as the leading commercial and manufacturing center. Many of the country's largest corporations locate their headquarter's home offices in Tripoli as well as the majority of international companies.
Major manufactured goods include processed food, textiles, construction materials, clothing and tobacco products. Since the lifting of sanctions against Libya in 1999 and again in 2003, Tripoli has seen a rise in foreign investment as well as an increase in tourism. Increased traffic has also been recorded in the city's port as well as Libya's main international airport, Tripoli International.
The city is home to the Tripoli International Fair, an international industrial, agricultural and commercial event located on Omar Muktar Street. One of the active members of the Global Association of the Exhibition Industry (UFI), located in the French capital Paris, the international fair is organised annually and takes place from the 2nd to the 12th of April. Participation averages around 30 countries as well as more than 2000 companies and organisations.
Since the rise in tourism and influx of foreign businesspeople, there has been an increased demand for hotels in the city. To cater for these increased demands, the Corinthia Bab Africa hotel located in the central business district was constructed in 2003 and is the largest hotel in Libya. Other large hotels include the Bab El Bahr hotel and the Kabir Hotel as well as others.
Tripoli is the largest and capital city of Libya.
Tripoli has a population of 1.69 million. The city is located in the northwest of the country on the edge of the desert, on a point of rocky land projecting into the Mediterranean Sea and forming a bay. Tripoli was founded in the 7th century BC by the Phoenicians, who named it Oea
Tripoli International Airport (IATA: TIP, ICAO: HLLT) serves Tripoli, Libya. It is operated by the Civil Aviation and Meteorology Bureau of Libya and is the nation's largest airport. Located in the town of Ben Ghashir 34km south of the city centre, Tripoli International is a hub for Libyan Airlines. The airport is also a hub for Afriqiyah Airways and Buraq Air.
Most flights leave Tripoli International Airport from the main International Passenger Terminal, while domestic flights leave through the National Terminal. The terminal capacity is 3 million passengers a year and the airport is currently handling around 1.5 million passengers a year.
Transport to and from Tripoli city center usually involves taking a taxi or shared taxi. Tour operators offer coaches to and from the airport connecting it with numerous hotels in the city centre.