By Sami Zaptia.
London, 16 April 2021:
Libya and Turkey are to review, develop and activate the 26 existing economic agreements between them. The revelation was made by Libya’s Economy Minister Mohamed Hwej during the Libyan-Turkish Economic Forum held on 13 April in Istanbul.
Hwej called on Turkish investors to participate in investing in Libyan in the following projects:
- Tripoli Exhibition City
- Zuwara- Ras Jeder
- Elmreisa Free Zone (EFZ), Benghazi
- Support all sectors to develop Libyan standards
Libya’s Economic and Investment Roadmap
The Economy Minister also revealed that the Libyan government is working on developing an investment Roadmap that includes a Free Trade Agreement with Turkey, supporting investment between the private sector in the two countries, encouraging Turkish companies to contribute to development and investment in: [restrict paid=”true”]
- Agriculture
- Industry
- Services
- Organizing joint exhibitions in several cities such as Tripoli and Benghazi [/restrict]
Turkish Trade Minister invited to visit Tripoli
Minister Hwej also extended an official invitation to the Turkish Minister of Trade, Rohsar Pekcan, to visit Libya next month to work on activating the Libyan-Turkish Joint Committee and to complete the necessary procedures regarding what was agreed upon in the Libyan-Turkish Economic Forum.
Earlier, Libyan prime minister Abd Alhamid Aldabaiba, had chaired the Libyan-Turkish Economic Forum, in the presence of his ministerial delegation represented by the:
- Minister of Economy and Trade,
- Minister of Planning,
- Minister of Finance,
- Minister of Oil and Gas,
- Minister of Industry and Minerals,
- Minister Housing and Construction,
- Minister of Local Government,
- Chairman of the General Electricity Company of Libya
Several Turkish businessmen and women and investors specializing in the fields of energy, construction and health were also present.
Resume stalled projects, get paid
During the forum, the Prime Minister Aldabaiba discussed ways for Turkish companies to return to resume their work in Libya within the framework of his government’s desire to complete stalled projects, stressing his commitment to settling their financial dues in accordance with legal frameworks and facilitating all administrative and financial procedures and investment in the fields of health and electricity.
