The Tripoli based Libyan Minister of Economy and Trade, Mohamed Al-Hwej, held a meeting with the delegation of the Federation of Chinese Companies, which included the President of the Federation, the Executive Director, and several representatives of Chinese affiliated companies, in the presence of the Chairman of the Privatisation and Investment Board (PIB) and the Director General of the National Investment Company.
Promising investment opportunities in Libya
The Economy Ministry reported that the attendees reviewed the promising Libyan investment opportunities in the fields of industry and agriculture. In addition, they discussed strategic projects to develop infrastructure in the ports, airports, hospitals, and renewable energy sectors, which, the Ministry said, are characterized by high investment returns and sustainable growth potential.
PIB’s Libyan investment law
The Chinese delegation was also briefed on the Libyan investment law, the advantages and incentives granted to investors, and many services, such as the one-stop shop services provided by the PIB.
Call on Chinese companies to enter the Libyan market
The Minister stressed that the investment sector is witnessing remarkable activity in various fields, and called on the delegation of Chinese companies to enter the Libyan market and actually start implementing investment projects under the supervision and follow-up of the PIB and relevant institutions.
Chinese desire to enter Libyan market
For its part, the Ministry reported, the Chinese delegation stressed the desire of companies and investors to enter the Libyan market and establish projects through the participation of the local private sector and targeting the African market.
