The Sirte-based National Development Agency (NDA) reported yesterday that it had received a high-level government delegation from the Sultanate of Oman, represented by the Oman Investment Authority, accompanied by representatives from leading Omani companies, including Oman Aviation Investment Company. This official visit aimed to explore and enhance prospects for investment cooperation in Libya.
Joint working groups formed to study and implement cooperation opportunities
The Director General of the NDA held an extensive meeting with the visiting delegation, during which several strategic investment proposals were reviewed. Discussions focused on vital sectors, including aviation, airport management, the cement industry, urban management, and digital transformation. Both parties announced the formation of joint working groups to study cooperation opportunities and implement these proposals.
Omanis serious about investing in Libya
The Director General commended the Oman Investment Authority’s standing as one of the world’s leading sovereign wealth funds, emphasizing the seriousness and genuine desire demonstrated by the Omani side to enter development partnerships with the NDA.
Omani companies eager to strengthen ties with Libyan counterparts
For his part, the NDA reported, Abdullah Al Kindi, CEO of Omani company Osos, expressed his delight at the remarkable progress Libya is witnessing, praising the “youthful spirit” and the rapid pace of work and urban development. He emphasized the eagerness of Omani companies to strengthen their ties with their Libyan counterparts through high-quality and sustainable projects.
Reflecting confidence in Libyan investment climate
The NDA said this visit reflects the growing confidence of regional financial institutions and sovereign wealth funds in the investment climate that it is striving to provide, as part of its vision to revitalize the national economy and develop strategic infrastructure and services in the country.
