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By Sami Zaptia.
London, 28 June 2021:
Libya has the elements for a successful transit trade industry, Fawzia Furjani head of the Libyan Business Council (LBC) eastern branch said Saturday.
She was speaking on the closing day of the 4th edition of the Financing Investment and Trade in Africa 2021 conference that was held between 24-26 June at the Laico Hotel, Tunis. The event, organized by the Tunisian African Business Council (TABC) dedicate a day to Libya during which Furjani was speaking.
The day was devoted to a workshop entitled: ‘‘Reviving the transit route and transit trade and making Tunisia and Libya the gateway to sub-Saharan Africa’’.
Furjani said Libya is safe and that activating transit trade through it, to and from Africa, is a project that will bring reward to Libya and a source of great income – without dependence on oil.
She said Libya has the elements of success, ranging from location, transportation lines, airports, ports and proximity of towns and cities to border areas. She added that trade will grow between regional African countries leading to the employment of thousands of the workforce of various disciplines.
The eastern region LBC head highlighted the planned establishment of economic zones in the south of Libya, including Tamenhint Economic Zone, with the aim of operating free zones and qualifying the technical cadres for their success and preparing its own structures of roads, mechanisms, collection, and storage sites.
She reiterated that Libya is safe and ready to receive companies and investors, and that the advantages in Libya are many, and what it holds in its subsoil is more than on its surface, adding that if Libya achieves real spatial development it can stop relying on oil in the future.
It was announced at the session that a Tunisian exhibition will be held in Benghazi during the coming period, in coordination with the Libyan Business Council’s eastern branch.
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