No Result
View All Result
Sunday, October 1, 2023
24 °c
Tripoli
24 ° Mon
24 ° Tue
24 ° Wed
24 ° Thu
  • Advertising
  • Contact
LibyaHerald
 
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

Libya invites German companies to resume their projects and invest in Libya

byIbrahim Senusi
June 6, 2023
Reading Time: 2 mins read
A A
Libya invites German companies to resume their projects and invest in Libya

During his meeting with the German Chargé d’Affaires Engels (second from left), Undersecretary Al-Gatati invited German companies to resume their projects and invest in Libya (Photo: Economy Ministry).

90
SHARES
361
VIEWS
Share on FacebookShare on Twitter

Libya has invited German companies to resume their projects and invest in the country by entering into a partnership with the local private sector, and to benefit from the advantages granted by the Libyan investment law, which is flexible enough to attract foreign investment.

The invitation came during a meeting between Nuri Al-Gatati, the Ministry of Economy and Trade’s Undersecretary for Free Zones Affairs, and the Chargé d’Affaires of the German Embassy in Libya, Annika Engels.

Follow up on the recommendations of the Libyan-German Forum
Commenting exclusively to Libya Herald on the meeting, Al-Gatati, said the meeting came within the framework of following up the progress of the executive programme of the recommendations of the Libyan-German Forum. The forum was held in the capital Tripoli, last March, under the auspices of the Prime Minister of the Tripoli-based Libyan government, Abd Alhamid Aldabaiba.

Establishment of a practical mechanism for the return of German companies
Al-Gatati stressed the establishment of a practical mechanism for the return of German companies to work in Libya and the resumption of stalled investment projects in various regions. He also stressed work to strengthen trade cooperation and networking between the private sectors in the two countries to implement and activate the free and private zones targeted by the Ministry of Economy and Trade’s plan for economic diversification.

Plan to establish the African Continental Free Zone
The Undersecretary referred to the plan to establish the African Continental Free Zone and its importance to the Libyan state. This importance involves supporting various economic sectors, localizing industries, opening doors for investment in various fields, and increasing the volume of trade exchange with Germany specifically, and with all countries of the European continent that possess advanced technologies.

RELATED POSTS

Minister of Local Government meets German and Italian ambassadors to discuss Flood Daniel aid and reconstruction

Aldabaiba government prepares action plan to revive free zones projects

Libya can become the ideal economic partner in Africa
For its part, he added, Libya has various capabilities and resources that can make it the ideal economic partner in Africa, especially with the state of stability the country is witnessing and with the increase in the volume of economic growth for the current year.

The meeting took place last Wednesday.

 
Tags: African Continental Free Trade Area AfCFTAGermany germaninvest investmentLibyan German ForumNuri Al-Gatatistalled projectsTrade
Share40Tweet21Share6

Related Posts

Qatar Civil Aviation to conduct Libyan airports inspection in October, signs MoU with Libyan counterpart
Business

Qatar Civil Aviation to conduct Libyan airports inspection in October, signs MoU with Libyan counterpart

September 29, 2023
Facilities Security Authority meets Russian and Italian ambassadors – discusses training and provision of security to returning companies
Business

Facilities Security Authority meets Russian and Italian ambassadors – discusses training and provision of security to returning companies

September 28, 2023
Libyan eastern government to build 300k bpd Tobruk refinery with foreign investors on BOT basis
Business

Benghazi Chamber hosts Chad delegation – discuss commerce and transit trade

September 28, 2023
Direct flights from Tripoli to Rome to resume on Saturday
Business

Direct flights from Tripoli to Rome to resume on Saturday

September 28, 2023
Dutch embassy assesses security standards, rules and procedures at Tripoli’s Mitiga airport
Business

Civil Aviation Authority concludes meetings with Turkish Civil Aviation team inspecting airports for possible return of Turkish airliners

September 22, 2023
Libya’s eastern government meets Egyptian companies to discuss post Storm Daniel reconstruction
Business

Libya’s eastern government meets Egyptian companies to discuss post Storm Daniel reconstruction

September 22, 2023
Next Post
Audit Bureau critical of mismanagement and corruption in electricity sector

Audit Bureau evaluates the performance of embassies abroad and lawsuits filed against the Libyan state

The International Forum & Exhibition for Free Zones – Misrata: 28 to 29 June at Misrata Free Zone

Misrata Free Zone confirms its continuation to transform to full electronic management

 

Advertise on LibyaHerald

Reach thousands of our site visitors daily

240 x 400px

Advertise Here
ADVERTISEMENT

Top Stories

  • Direct flights from Tripoli to Rome to resume on Saturday

    Direct flights from Tripoli to Rome to resume on Saturday

    74 shares
    Share 30 Tweet 19
  • Internal Security arrests NOC Chairman’s Office Manager for corruption in supply of medicines for Derna and its environs

    61 shares
    Share 25 Tweet 15
  • Italian Cabinet gives green light for a state of emergency to intervene in Libya, allocates € 5 million

    48 shares
    Share 19 Tweet 12
  • Eastern Libyan government calls for international reconstruction conference for Flood Daniel hit areas

    70 shares
    Share 36 Tweet 14
  • Public Prosecutor orders pretrial detention of 16 officials complicit in Derna dams disaster

    38 shares
    Share 16 Tweet 9
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

Qatar Civil Aviation to conduct Libyan airports inspection in October, signs MoU with Libyan counterpart

Spanish epidemiologists and water specialists arrive in east Libya to help with post-Storm Daniel recovery

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    No Result
    View All Result
    • Login
    • Sign Up
    • Cart
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Sign In with Facebook
    Sign In with Linked In
    OR

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Sign Up with Facebook
    Sign Up with Linked In
    OR

    Fill the forms bellow to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
    Are you sure want to unlock this post?
    Unlock left : 0
    Are you sure want to cancel subscription?