The Minister of Economy and Trade, Mohamed Al-Hwej, met a delegation of Turkish businessmen headed by the Chairman of the Libyan-Turkish Business Owners Council, Murtaza Karanfil, at the Ministry’s office. The Ministry said the meeting comes as a continuation of the Istanbul meetings of 18 May, to strengthen economic ties and networking between business owners and investors in both countries.
Commenting on the meeting to Libya Herald, the spokesperson for the Ministry of Economy and Trade, Fawzi Wadi, said the meeting focused on the contribution of Turkish companies to the development of:
- Infrastructure in various sectors.
- The implementation of the exhibition city south of Tripoli, under the supervision of the General Authority for Exhibitions.
- Strengthening the partnership between the private sector in the two countries to implement investment projects in the oil and gas sector.
- The establishment of refineries for petroleum products under the supervision of the National Oil Corporation.
- Supporting Libya’s Ministry of Health to localize treatment.
- The establishment of a joint hospital in Tripoli.
Turkish companies asked to develop relations with private sector
Wadi also referred to the speech of the Minister of Economy and Trade, in which he asked the Turkish side to develop relations with the private sector in Libya and to participate in the implementation of approved projects in accordance with the government’s vision to develop:
- Establish free and private zones.
- Activate transit trade towards the sub-Saharan African market.
- Contribute to the settlement of industrial and agricultural projects in all regions.
Good stability in Libya enables resumption of stalled or new projects
Wadi reported that the Minister had said to the Turkish delegation that his Ministry is ready to open the doors of cooperation with all foreign companies wishing to build good relations and beneficial participation with the Libyan side by resuming the implementation of several stalled development projects or starting new projects, especially in light of the good stability situation in all of Libya.
Economy Ministry providing appropriate legal climate
Minister Hwej had also emphasized the role of the ministry in resuming several projects in western, eastern, and southern Libya by providing an appropriate legal climate and an appropriate investment environment to ensure the right of all parties based on Libyan laws in force regarding economy, trade and investment.