Libya aims to plant 20 million olive trees. The revelation was made by Economy and Trade Minister Mohamed Hwej yesterday during the launch of Libya’s first ever olive oil competition.
Hwej said his ministry encourages the private sector and investors to invest in the agricultural sector, as it aims to plant the 20 million olive trees in various regions. It hopes to help develop olive oil presses, packing factories, and production and marketing skills, and work on providing technical support.
It also aims to help set up a mechanism for financing these through banking tools, which contributes to the development of local industries and the creation of export opportunities for foreign markets.
Hwej said the first national award for the best olive oil in Libya targets farmers and owners of presses. It also aims to focus on supporting entrepreneurship in the agricultural sector and enhancing its role to diversify the economy and spatial development and work on transferring technology and knowledge to increase and improve production and open new markets for the local product.