Libya’s Minister of Economy and Trade, Mohamed Hwej, accompanied by Caretaker Prime Minister Abd Alhamid Aldabaiba, inaugurated the 48th Tripoli International Fair at the Tripoli International Fairgrounds yesterday. The fair will continue until 15 May.
From rentier to diversified economy
Minister Hwej confirmed that the ministry has started building a plan to support the national economy and move away from a rentier economy to a diversified economy based on industrial and agricultural activities.
New 47.5 hectares fairgrounds to be established south of Tripoli
He pointed out that a new 47.5 hectares site for the establishment of new fairgrounds has been allocated in the south of the capital, Tripoli. These will be built in accordance with international standards and specifications and will contribute to holding specialized and diversified activities to support the national economy.
Call on private sector to invest in new fairgrounds site
Minister Hwej called on business owners and investors to contribute to the implementation of the new fairgrounds site and encourage investment in all regions.
Six countries participated
The Economy and Trade Ministry reported that 110 Libyan and foreign companies participated in the fair. There were exhibiters from six countries (Turkey, Tunisia, Algeria, Indonesia, Italy and Romania) in food industries, building materials, import and export, construction, construction equipment, factories, and communications and information technology.