Libya’s General Union of Chambers of Commerce hosted a multi-sector, high-level French delegation yesterday.
The delegation consisted of directors of French companies, a representative from Business France, and a representative of French foreign trade experts.
Libya is a promising investment destination
A meeting was held at the General Union of Chambers’s Tripoli headquarters with the French delegation to discuss the possibility of developing and strengthening economic cooperation between Libya and France. Investment opportunities in Libya were also discussed, highlighting Libya as a promising country with all the necessary elements for growth and reconstruction.
The meeting was attended by Mohamed Wafa, Advisor for International Relations; Samir Al-Tarmal, Director General; Anwar Abusitta, Chairman of the Tripoli Chamber of Commerce; Samir Alwarfally, Chairman of the private sector Union for Renewable Energies in Libya (UREL).
A wide range of French companies present
The French delegation included representatives from companies with expertise both within France and abroad in several fields, including public street lighting, smart city lighting, coastal environmental protection, algae farming for use in cosmetics and pharmaceuticals, the production of various types of sea and rock salt, raw materials for perfume manufacturing, telecommunications, digital technology, and air conditioning.
Review of advantages of investing in Libya
The meeting included a detailed explanation from the Union of Chambers to the visiting delegation about the economic situation in Libya, highlighting the importance of available opportunities and the advantages Libya enjoys, including its strategic location and a sound investment law that protects foreign investors.
Libya: an opportunity for success and investment
The delegation members then had the opportunity to present the nature of their activities and discuss their interest in investing in the Libyan market. They expressed their interest in the Libyan market, considering it an opportunity for success and investment given the numerous promising economic opportunities and potential.
Part of a wider effort to strengthen international partnerships
The General Union of Chambers said this meeting is part of the Union’s ongoing efforts to strengthen international partnerships and attract foreign investment, thereby contributing to the support and growth of the national economy.
