2010 is a specialized fair totally dedicated to machine tools, spare parts and equipment technology, which is organized to support the increasing need in quantity and quality of the Libyan market. With a resilient economy that has been restructured over the last 4 years, Libya is a wealthy country attracting investment from all over the world and promoting projects in all sectors. The booming of the oil sector has fueled the significant expansion of building construction, the development of new modern infrastructure and the extension of the non oil industrial sector. Machine and equipment acquisitions account for 41 % of total importations in Libya with an approximate amount of US$ 6 billion investment in 2008 only. This fact has generated a very dynamic and promising domestic tools and spare parts market, which will continue its upward trend, justifying the organization of the first specialized exhibition dedicated exclusively to tools and spare parts, in Libya. The First Libyan Industrial Tools Exhibition LITEX 2008 will prove to be an effective facilitator for business to business cooperation for oil and other manufacturing industries.