The Casablanca Public Works Company visited the Tripoli Chamber of Commerce, Industry and Agriculture at its Tripoli headquarters yesterday.
Speaking about the meeting exclusively to Libya Herald, the Director General of the Tripoli Chambers of Commerce, Mohamed Dozan, said that the meeting was held with the Executive Director of the Casablanca (Morocco) Public Works Company, in the presence of a member of the Chamber’s Board of Directors, Saad Al-Dhawi, and the Director of the Department of International Relations and Cooperation in the Chamber, Younis Al-Zaidani.
Part of improving Libyan Moroccan trade relations
Dozan explained that the meeting comes within the framework of networking relations between Libyan and Moroccan companies and restoring cooperation between them. He said this was especially in view of what Libya is witnessing in terms of economic stability and increasing growth. But also in view of the Libyan government’s encouragement to open doors of cooperation between Libyan companies and Moroccan companies and benefit from their experience in supporting the local economy – in view of the fact that Moroccan companies have effectively contributed to building the Moroccan economy as well as the developed infrastructure in Moroccan cities.
Libyan projects in which Moroccan companies can participate
Dozan referred to the targeted projects according to the investment map approved by the Privatization and Investment Board (PIB), in which Moroccan companies can participate in accordance with the Libyan Investment Promotion Law. This law gives various advantages to the foreign investor and grants tax and customs exemptions for several years, which yields to Moroccan companies and the Libyan economy with good investment returns.
Libyan private sector is going through a growth stage
Dozan believes that the Libyan private sector is witnessing a great development at the level of various industries, especially foodstuffs, iron and steel, and several manufacturing industries, which have contributed to the recovery of the Libyan economy, reduced the rise in prices and increased the competitiveness of Libyan goods with imported products. He stressed the desire of Libyan business owners in general, and affiliates of the Tripoli Chamber of Commerce in particular, to strengthen trade and investment relations with the private sector in Morocco under the supervision and guidance of the Ministry of Economy and Trade.