The Minister of Economy and Trade, Suhail Abu Shiha, yesterday approved 13 decisions related to foreign and joint ventures and commercial agencies.
The Ministry of Economy and Trade said this comes as part of the ministry’s efforts to enhance the investment climate and encourage the expansion of the activity of companies in the Libyan market.
The decisions included the opening of new branches for foreign companies, the extension of a number of branches, in addition to the adoption of the activity of commercial agencies, in line with the Ministry’s directions towards improving the business environment and facilitating procedures for investors.
The approvals related to Chinese (2), Cypriot (1), German (1), Libyan (3), Libyan-Spanish (1), Tunisian (1) and Turkish (4) companies.
The Ministry said this step comes as part of its efforts to enhance confidence in the national economy, attract foreign investments, and revitalize various economic sectors, in a way that supports the trade movement and contributes to advancing development, according to the ministry.
The latest batch of approvals follows a series of Approvals over the last two months.
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.
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Minister of Economy approves four foreign and JV companies – to support Libya’s investment climate
