By Sami Zaptia.
London, 15 March 2021:
The British Embassy in Tripoli organized a breakfast meeting on Sunday (14 March) at the Mahary Radisson Blu Hotel with a limited number of business owners in the oil and gas and contracting sectors, the Libyan Business Council (LBC) reported yesterday.
The event was attended by the LBC’s Oil and Gas Committee and was headed on the British side by British Ambassador, Nick Hopton and Lidia Sheehan, the Regional Director of the Department of International Trade.
The LBC reported that the two parties discussed the prospects of Libyan-British cooperation and the future of relations with the private sector in both countries. The British side emphasized the importance of the Libyan market, as a promising market for investment and development, waiting for the conditions to stabilize in an appropriate manner that would help British companies return to Libya.
The LBC reported that its head, Abdalla Fellah, received an invitation from the British Embassy to meet with both the British Ambassador and Sheehan next week to discuss in detail aspects of cooperation mechanisms between the LBC and its British counterparts.
The LBC commented that after Brexit, Britain is heading towards further expansion in the field of investment, the search for new markets and commercial repositioning, and Libya is expected to be one of the best destinations for investment and economic cooperation.
British companies are currently seeking to rediscover the Libyan market, especially as the situation in Libya tends towards stability, and it is expected that there will be several promising projects between the Libyan and British sides, after the 24 December elections.