Libya’s Tripoli based Ministry of Economy reported yesterday that the Minister of Economy and Trade approved four decisions concerning (Indian, Maltese, Italian and Egyptian) foreign companies. These decisions included extending the operating licenses of branches and relocating the headquarters of one of the branches.
The Ministry says this comes as part of its efforts to enhance Libya’s investment climate, encourage the expansion of foreign companies’ activities in the Libyan market, strengthen confidence in the national economy, and simplify procedures for investors, thereby contributing to attracting investments and revitalizing various economic sectors.
The Ministry noted that the total number of decisions issued during the Minister’s first (22) working days, related to supporting the investment climate for foreign and joint venture companies, reached (42), reflecting the accelerated pace of efforts to bolster the investment environment.
Follow up on US State Department’s Investment Climate Report on Libya
It will be recalled that a meeting of the Tripoli Libyan government team tasked with following up on the US State Department’s Investment Climate Report was held in Tripoli on 13 April, pursuant to Prime Minister’s Resolution No. (593) of 2025.
The meeting discussed ways to enhance the attraction of foreign investment, expand economic partnerships, and work towards creating a more competitive and attractive investment environment, thereby contributing to supporting the economic development process.
The attendees also reviewed the progress made in implementing the investment climate reform measures matrix, the achievements of the unified digital window project to simplify procedures for registering foreign companies, the review and development of several executive regulations, and the follow-up on related restructuring files.
The meeting concluded by emphasizing the adoption of a work mechanism based on periodic and executive follow-up of the reform matrix, in order to ensure improved performance efficiency, address challenges continuously, and enhance the competitiveness of the investment climate in Libya.
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