Libya investment conference in London postponed because of crisis

Tripoli, 10 May 2013:

The FDI conference due to take place in London on 29-30 May has been postponed because of the . . .[restrict]current political crisis in the country.

The organisers of the event, designed to promote investment in Libya, say they were asked by the Ministry of Economy to delay it to give them “time to time to handle their internal affairs”.

They released a statement from the Ministry saying:

“We commend your international efforts in preparing for a conducive and encouraging investment climate, to raise the level of both local and foreign investment.

“Due to the importance of this subject matter and that it falls under the remit of the Ministry of Economy, we have intended to attend this investment conference. However, due to the current temporary conditions, we ask that the conference is postponed for a later date so that we can complete all the required steps to participate at the Ministerial level. “

Apologising for the move, the organisers, Pace Group and Dar Al-Arab, say that the event will probably take place in September, but this is to be confirmed. [/restrict]