The Tripoli based Libyan Minister of Economy and Trade, Mohamed Al-Hwej, met the Chairman and members of the Board of the Maghreb Bank for Investment and Foreign Trade on Sunday at the Ministry’s Tripoli headquarters.
In an exclusive interview with Libya Herald, the Director of the Media Office at the Ministry of Economy, Fawzi Wadi, said that the meeting reviewed the basics of cooperation between the Ministry and its affiliated entities with the Maghreb Investment Bank and investment opportunities in the economic sectors in Libya.
Presenting Libyan investment projects to international institutions
Wadi indicated that this meeting comes within the Ministry of Economy’s plan to hold continuous meetings with regional and international institutions and financing bodies to present investment projects that the Libyan state supports in establishing. These are projects that may have good financial returns to the Libyan state treasury in addition to being an important tributary of revenues and also contributes to diversifying sources of income and opens new doors of work for the local workforce.
Diverse investment map prepared for financing institutions
According to Wadi, the Ministry of Economy has developed a diverse map of investments for financing institutions in all economic, industrial, agricultural, urban, and tourism fields and specializations. This investment map is to enable financing institutions to choose the appropriate investment projects that it can finance with mechanisms that suit it and with the active participation of the private sector, which is represented by the Chambers of Commerce.
Organise a meeting of private sector and banks
Wadi confirmed that the Minister of Economy, Al-Hwej urged the head of the General Authority for Exhibitions and the relevant departments in the ministry to organize meetings that include the Maghreb Bank with the private sector, investors and Libyan commercial banks. The aim of these meetings is presenting investment projects intended to be implemented in various sectors and working to provide possible facilities to create a real investment partnership that contributes to achieving the plan of economic diversification.
The meeting included in the Chairman of the General Authority for Exhibitions, the Chairman of the Tripoli Chamber of Commerce, Industry and Agriculture, and the Head of the Ministry’s Strategic Partnerships and Investment Department.