The President of the General Union of Chambers of Commerce, Industry and Agriculture, Mohamed Al-Raied, held a meeting Sunday with the President of the Agricultural and Livestock Projects Development and Investment Authority, Ahmed Abu Zaid.
Need to develop an agricultural investment strategy
At the end of the meeting, it was agreed that a strategy for agricultural investment in Libya needed to be developed. This strategy would be based on the exchange of ideas, scientific expertise, technical and administrative consultations.
Need for international collaboration
It was also decided that the Agricultural Investment Authority needed to be linked with other countries to open areas of investment and marketing with countries around the world.
Need to register companies
The two parties also agreed on the importance of working to register local and international companies operating in this field with the chambers of commerce, classify them, and determine their level of activity.
It will be recalled that after the spike in grain prices following the Russia-Ukraine war, Libya decided to follow a food security policy. This policy includes the reactivation of the state agricultural projects, most of which lie in the south, after neglect as a result of the disintegration of the state post the 2011 revolution that overthrew the Qaddafi regime.
However, the Libyan state no longer has the budget to invest in these projects so it is looking for local or foreign partners for PPP ventures.