The Minister of Economy and Trade, Mohamed Hwej, issued today several investment decisions aimed at moving forward in developing the Libyan economy and diversifying sources of income.
The Ministry said that this comes within the framework of its work plan through the Privatisation and Investment Board (PIB) to support and promote local and foreign investment projects in various sectors.
These decisions included the approval of the implementation of investment projects in several vital fields, including in the:
- Cement industry
- Glass industry
- The production of cooking cylinders
- Transport sector
- Tourism sector
- Food industries
- Pharmaceutical industry
Within the framework of achieving strategic objectives
The Minister stressed that these projects come within the framework of achieving strategic objectives aimed at stimulating the national economy and providing job opportunities for Libyan youth, thus contributing to improving the standard of living and promoting sustainable development in various Libyan cities.
Preparing a comprehensive investment strategy
He also pointed out the importance of working on preparing a comprehensive investment strategy in Libya, which will enhance the flow of investments throughout the country and encourage local and international investors to explore promising opportunities in the Libyan market.
These efforts, the ministry added, confirm the commitment of the Tripoli based Libyan government to advancing economic development and achieving economic balance by attracting investments that contribute to achieving sustainable growth and raising the level of national productivity.
