The Third Forum for Libyan-Egyptian Companies will be held on 4 March in Cairo, under the title ‘‘Libya and Egypt Towards Sustainable and Integrated Development’’. It is sponsored by the Benghazi Chamber of Commerce and the General Union of Libyan Chambers of Commerce, Industry and Agriculture.
This event follows on from the Second Libyan-Egyptian Economic Forum held in Alexandria in March 2019. It was organised by the Libyan-Egyptian Joint Chamber, in cooperation with the Chamber of Commerce in Alexandria. It discussed ways of cooperation in all fields and to demonstrate all the difficulties that impede trade exchange and the transit of goods and services between the two countries.
Commenting on the forthcoming Cairo event in an exclusive interview with Libya Herald, Ibrahim Al-Jarari, head of the Libyan-Egyptian Joint Economic Chamber, said that there is cooperation with the Egyptian side in all commercial fields, and there is an effort to demonstrate the difficulties that impede trade exchange, the movement of citizens, their freedom of movement, ownership, and the establishment of joint investments in the two countries.
Linking private sector
He stressed that there is a tendency from the private sector in the two countries, supported by the government agencies in both countries, to activate the role of the Joint Libyan-Egyptian Economic Chamber in linking businessmen in the two countries and emphasizing the establishment of economic activities that bring together industrial and commercial institutions from both sides.
He referred to the facilitation of security approvals from the Egyptian side for companies and individuals to travel to Libya and the readiness of the Joint Chamber to support Egyptian and Libyan businessmen to reach an economy that serves everyone.
Egyptian companies contributing to Libya’s reconstruction
Al-Jarari added that Egyptian companies specialized in the fields of construction are willing to contribute to the reconstruction projects in Libya. He said contracts have been concluded with the executive bodies for projects in Libya, including the contract concluded between a consortium of a number of Egyptian companies with the Agency for the Implementation of Housing and Utilities Projects regarding the Tripoli Third Ring Road project, and to contribute to the reconstruction of the cities of Benghazi and Derna.
Organised return of Egyptian workers
Al-Jarari noted that the Libyan-Egyptian Joint Chamber is working to assist the Libyan state regarding the return of Egyptian workers in organized and legitimate ways that guarantee the rights of both parties, facilitate the movement of ports, and increase flights to Cairo and Alexandria.
Al-Jarari concluded by saying that there is a focus on the Libyan and Egyptian sides on the necessity of exchanging economic delegations between the two countries and extending an invitation to the Federation of Egyptian Chambers to visit Libya at the head of a delegation of Egyptian businessmen and companies.