No Result
View All Result
Wednesday, July 16, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

Ministers stress commitment to private sector despite problems

byMichel Cousins
June 5, 2013
Reading Time: 2 mins read
A A
Ministers stress commitment to private sector despite problems

Deputy Prime Minister Awad Barasi (Photo: Sami Zaptia).

By Hadi Fornaji.

Libya is commited to the private sector said Deputy Prime Minister Awad Barasi (Photo: Sami Zaptia).

Tripoli, 4 June 2013:

Libya is committed to the private sector and to freedom of trade as the basis of . . .[restrict]the economy, Deputy Prime Minister Awad Barasi has said.

Giving the keynote speech at the opening of a business conference in Tripoli today, he stated that the government had to make changes in the way the economy operated to enable it to move forward.  However, he stressed that it was currently passing through a “critical period”. Security was at present the single most important issue confronting the country, he said.

The two-day conference, Libya Projects 2013, organised by the MEED publishing group, drew a significant attendance from the Libyan private and state sectors as well as from foreign companies.

RELATED POSTS

Top law firm joins new British Libyan Business Association

An academy with a difference in Tripoli

In his keynote address, the Housing and Utilities Minister, Ali Hussein Shareef, indicated that unfinished housing projects would be completed but there were major challenges in doing so. The Qaddafi regime had built so many of them and other projects completely randomly. It was taking time to sort everything out. It could not be allowed to happen again, he said.  He too indicated that the country would depend in future on the private sector.

There are a number of cases of housing developments, as yet unfinished, where no provision was made for sewerage connections or water and electricity supplies.

The third minister to address the conference today, Planning Minister Almehdi Agnaia, said that the government was willing to activate projects drawn up by the past regime but there had been a lack of a coherent vision and of services to the public.  This was having a negative effect on the economy. The priority was to reform the economy. “We aspire to build an economy that is competitive, that has good GDP and with low inflation ad low unemployment,” he said.

Earlier, in his speech, Barasi said that unemployment is Libya was at 15 percent, a figure lower than has been generally reported.

Endorsement for the role and the capabilities of the Libyan private sector came from several other speakers. Chuck Dittrich of the US Libya Business Association said that the private sector was increasingly active and growing fast despite the apparent lack of state action at present.

Acting Congress President Jumaa Ateega is due to speak at the conference tomorrow, as are Deputy Prime Minister Sadiq Abdulkarim Abdulrahman and the Chairman of the Central Bank, Saddek Elkaber. [/restrict]

Tags: LibyaLibya Porjects 2013MEED

Related Posts

UK Minister visits Tripoli – agreement signed to improve quality of English teaching at Libyan educational establishments
Business

UK Minister visits Tripoli – agreement signed to improve quality of English teaching at Libyan educational establishments

July 15, 2025
CBL receives results from meetings with international banks
Business

Fuel subsidies reached LD 60 billion, 30 percent of which is smuggled – therefore can invest just LD 5 bn in housing: CBL Governor Issa

July 15, 2025
Libyan Export Promotion Centre changes to become Libyan Export Development Authority – new logo adopted
Business

Libyan Export Promotion Centre changes to become Libyan Export Development Authority – new logo adopted

July 15, 2025
Libya Development and Reconstruction Fund signs contract with Turkey’s Ankamenia for maintenance of Benghazi University’s medical colleges
Business

Three health centres opened in Benghazi after maintenance and development

July 14, 2025
Libya to invest $140 billion in projects over the next decade
Business

Tripoli based Libyan government plans to complete 150,000 housing units by 2030

July 14, 2025
Libyan Railways Implementation Authority invites International Federation of Railways to participate in November workshop
Business

China to resume implementation of its stalled railways projects in Libya

July 14, 2025
Next Post

No Congress decision yet on Mangoush

Late boarder arrested at Tripoli International

Late boarder arrested at Tripoli International

ADVERTISEMENT

Top Stories

  • Libya Development and Reconstruction Fund signs contract with Turkey’s Ankamenia for maintenance of Benghazi University’s medical colleges

    Libya Development and Reconstruction Fund signs contract with Turkey’s Ankamenia for maintenance of Benghazi University’s medical colleges

    0 shares
    Share 0 Tweet 0
  • China to resume implementation of its stalled railways projects in Libya

    0 shares
    Share 0 Tweet 0
  • Libyan olive oils win gold at Anatolian, Berlin and Japan 2025 international olive oil competitions

    0 shares
    Share 0 Tweet 0
  • There are 4 million irregular migrants in Libya: Interior Minister Trabelsi

    0 shares
    Share 0 Tweet 0
  • BP to reopen office in Libya, Shell discusses prospects for cooperation in oil field development‎

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

Three Fisheries officials temporarily suspend from work by Administrative Control Authority suspected of corruption

UK Minister visits Tripoli – agreement signed to improve quality of English teaching at Libyan educational establishments

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.