Economics and Business

The first Arab Investment Conference held in Tripoli

Libyan Cloud News Agency – Tripoli

The first Arab Investment Conference was held in Tripoli on Sunday, under the theme “Investment in Libya is promising opportunities for development and reconstruction”.

 The two-day conference is sponsored by the Government of National Unity, and is organized by the Union of Arab Chambers and the General Federation of Chambers of Commerce, Industry and Agriculture in Libya.

The Deputy Prime Minister of the Government of National Unity, Ramadan Abu Janah, the Governor of the Central Bank of Libya, Siddik Al-Kabir, and the Chairman of the Board of Directors of the General Federation of Libyan Chambers of Commerce, Industry and Agriculture, Mohamed Al-Raed, attended the conference, in addition to more than 300 businessmen from 25 countries.

The participants reviewed in the first day of the conference some investments in Libya, and the importance of the telecommunications sector and its role in development and investment opportunities in infrastructure, housing and reconstruction projects.

Abu Janah said in his speech that the government is working hard to enhance security in Libya, stressing the government’s aspirations to involve all segments of society to move forward to construction and development stage. 

For his part, Al-Raed explained that the consolidation of the new economic identity needs to intensify the efforts of all segments of society, from the government, governmental institutions, the private sector and civil society organization, in order to be able to change policies that have proven to have failed.

He added that the partnership between the public and private sector is very important in order to train and develop local capacities, which will contribute to improving and regulating education outputs in line with the requirements of the Libyan economy and the labor market.

The head of the Economics and Business Group, Raouf Abu Zaki, told the Libyan Cloud News Agency that the large Arab participation in this conference highlights the bright future of the Libyan economy, especially in light of the many and varied investment opportunities in various sectors.

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