‘‘Serious interest from American companies in returning to the Libyan market confirms their confidence in the path of reform and stability’’

The Tripoli based Libyan government reported last Friday (21 November) that its delegation, currently visiting Washington DC, held an extensive and productive meeting with representatives of several major American companies operating in the oil, gas, telecommunications, technology, and infrastructure sectors.

Serious interest from American companies in returning to the Libyan market
Commenting exclusively to Libya Herald from Washington DC on the meeting he participated in, Mahmoud Al-Futaisi, Director General of the National Social and Economic Development Board (NESDB), said: “This meeting comes within the framework of Libya’s efforts to strengthen its economic cooperation with international partners and open the door to quality investments. We have witnessed serious interest from American companies in returning to the Libyan market, which confirms their confidence in the path of reform and stability.

We affirm that Libya today possesses promising opportunities and a better economic climate that allows for the implementation of strategic projects that serve development and create long-term partnerships.”

Preparing a package of economic initiatives for investors
Al-Futaisi added that the NESDB is currently working on preparing a package of economic initiatives and programmes that will be presented to investors soon, in support of the state’s vision of building a diversified and sustainable economy.

The Libyan delegation included Mahmoud Al-Futaisi, Director General of the NESDB; Khaled Al-Mabrouk, Minister of Finance; Hussein Safar, Member of the Board of the National Oil Corporation; Ibrahim Sahd, Member of the High State Council; Abubakr Bin Saud, Director of the Americas Department at the Ministry of Foreign Affairs and International Cooperation; and Mustafa Kashada, Director of the Institutions and International Cooperation Department at the Ministry of Finance.

The Tripoli Libyan government reported that the key topics discussed were:

• Growing interest from US companies in participating in the Libya Energy 2026 conference, considered a key platform for exploring opportunities in the oil, gas, and renewable energy sectors.

• Reviewing the broad and diverse investment opportunities available in Libya.

• Presenting a comprehensive overview of the reforms and major projects implemented by the Government of National Unity to provide a stable and attractive investment environment.

• Emphasizing the importance of leading American companies returning to Libya to contribute to the new phase of economic growth.

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Tripoli Libyan government delegation holds extensive meeting in DC with several major American companies ‘‘reflecting renewed American interest in Libyan market’’

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