The massive influx of Libyans displaced around Tripoli due to the fighting into more central areas in the city is causing housing costs to skyrocket, posing a challenge to many Libyans. Around 120,000 have been displaced from their homes since the latest round of fighting began in April, according to UN estimates.
A two-bedroom in Tripoli rose from from around 1500 dinars a month (around $2500) before the renewed fighting in April to twice that price or more. In addition, tenants are being asked to leave considerable cash deposits months in advance, something that has become more difficult given the economic downturn. Also, although Libya's liquidity crisis has improved, salaries are often delayed, for those who have jobs.
Despite the influx from the outskirts of Tripoli, there has been little new construction since fighting began in 2011, and the cost for a two-bedroom has tripled in cost since 2014.
As the conflict continues and Libya's economy struggles, the reopening of a plastic manufacturing plant in Ras Lanuf provides an economic boost and some hope.
Libya's economy is largely dependent on energy resources, which due to the ongoing conflict and lack of investment in infrastructure, is struggling to maintain production. However, beyond energy, there are few bright spots in the economy.
The plastic manufacturer, operated by RASCO - Ras Lanuf Oil and Gas Processing Company, is a NOC subsidiary. It had been shut down for the past 8 years due to the fighting. The port was blockaded throughout the fighting, and attacked by ISIS fighters. According to Reuters, it reopened in October at a production capacity of 80,000 tonnes per year, with plans to double the output in coming years.