Tripoli, 19 April:
During a meeting in Abu Dhabi on Tuesday between the economy minister, Ahmed Al-Koshli, and his UAE counterpart, Sultan Bin . . .[restrict]Saeed Al-Mansouri, it was decided to form a joint team to help implement business electronic services in Libya. As part of that a Libyan technical team will visit Abdu Dhabi next month.
The meeting had looked at changing the laws and economic legislation to protect investors and the development of an electronic services for them. Al-Koshli was quoted by the UAE media saying that Libya wanted to use he UAE’s experience in formulating economic legislation and achieving sustainable economic and social development in Libya.
For their part, the UAE officials offered their technical and legislative experience to the Libyans, especially in issuing licenses, attracting investments, and developing economic laws and regulations in order to enhance the performance of non-oil sectors and develop joint ventures with strategic partners.
Al-Khosli was in the UAE as part of the major ministerial delegation that visited it this wee, led by Prime minister Abdurrahim Al-Kib.
According to figures from the UAE’s National Statistics Center, trade between the UAE and Libya exceeded $1.6 billion by the end of 2010. According to a recent report from the Abdu Dhabi Chamber of Commerce and Industry, there are 12 Emirati companies operating in Libya — in the property, oil, natural gas, aviation, finance and banking and energy sectors.