UNDP Libya, in collaboration with the Ministry of Local Government and with funding from the European Union’s Trust Fund for Africa, the Government of the Republic of Korea, and the UN Peacebuilding Fund, held a high-level strategic meeting last Thursday (3 October) to discuss challenges and opportunities for private sector development in Libya.
UNDP Libya reported that the event, part of a broader initiative to engage the private sector, featured the results of a comprehensive mapping of over 1,000 Libyan companies through online campaigns, interviews, and consultations with business leaders. The process identified and mapped medium and large businesses across key sectors, such as real estate, construction, the energy supply chain—including oil and gas—and value-added manufacturing services
The one-day workshop welcomed participants from across the private sector to exchange knowledge, share global best practices, and explore innovative strategies that can be applied in Libya.
Guided by the country’s Vision 2040, which prioritizes economic diversification and private sector growth, the UNDP said the workshop highlighted Libya’s need to enhance capacities and governance practices while reducing public-private competition and boosting non-oil investments. The Peacebuilding Vision 2040 strategy emphasizes key sectors such as agriculture, finance, tourism, economic free zones, cross-border transit trade, development of small and medium-sized enterprises, petrochemicals, marine resources, and renewables.
UNDP holding workshop on private sector engagement (libyaherald.com)
