"I recently had an opportunity to visit Libya with the anticipation of finalizing a large oil contract consisting (7) concessions, (2) refinery licenses, (1) Petro-Chemical plant and a pipeline that stretches 470 km from Tobruk to Benghazi. Once in Libya, I found myself observing the unfamiliar aspects of living here. I should note that Libya in general, and Benghazi specifically have been relatively closed off from outside influence. Due to this isolation, Libya has not had the positive influence of private investment companies.

Libya has tremendous wealth due to its oil reserves. The oil reserves in Libya are the largest in Africa and among the ten largest in the world. But that is not the biggest asset Libya has. In my opinion, I see the largest asset in Libya are its people. I witnessed a people who are warm, friendly, and eager to talk about Libya. I see a people who are not only willing to work, but who are eager to work. Now is an opportunity for private sector companies to consider investing in Libya. I believe that Libya will benefit tremendously from private companies investing in the economy and allowing the diversity into other areas beyond oil.

We have met with government officials, and have discussed with them the uniqueness of Worldwide Holdings. Worldwide Holdings has committed to the Libya NOC that we will invest $25B in the oil concessions, but will also invest in the Libya economy. We plan to move multiple satellite companies owned by Worldwide Holdings, to Libya. These satellite companies will provide the jobs, training, and infrastructure needed to help diversify the Libya economy.

An oil-based economy lacks the diversity that it needs to thrive.

I feel that, the Libya government, working together with the private sector and the people of Libya, can lift the economy of Libya."