The Qatar-based Ghanim Al-Ghanim Corporation signed today partnership agreements with a number of Libyan businessmen. The . . .[restrict]partnerships will establish a joint company “The Qatari Libyan Corporation” with a capital of 100 million dollars.
The company owner, Ghanim Saad Al-Ghanim, stated that eleven other companies would emerge out of the new corporation and would work in different areas in order to help the Libyan economy recover.
Al-Ghanim added after his meeting today with the Libya’s deputy prime minister, Mustafa Abu Shagour: “We are not looking for job contracts but we come as investors to contribute to the recovery of the Libyan economy. Our main priorities will be investment in the fields of health, education and real estate.”
He said that the company would provide thousands of job opportunities for Libyans and that international banks would also contribute to the corporation’s projects in Libya.
Abu Shagour also expressed his gratitude for the foundation of the new Qatari Libyan Corporation, saying that it had come about at “a critical period for Libya. The atmosphere will be suitable for investment in Libya which will in turn encourage individuals, companies and institutions to invest in the corporation.”