By Sami Zaptia.
London, 22 March 2021:
The Egyptian Federation of Investors Associations and Institutions (Investors Union) and the Libyan branch of the Libyan-Egyptian Joint Economic Chamber signed a memorandum of understanding (MoU) yesterday to activate joint investments within Libya.
The Joint Chamber said the MoU comes in support of the economic and trade relations between the two countries, Egypt and Libya, seeking to push the wheel of investment and development in Libya towards the right path.
It also aims to take advantage of the reunification of the government in Libya and the centralization of decision-making to direct it in the interest of the Libyan people. The MoU hopes to employ this opportunity at the appropriate time and place.
The Joint Chamber stated that it aims for its Executive Office to take direct active action and serious follow-up of this MoU inside Libya in a manner that ensures effective results.