The Libyan Business Council (LBC) reported that it had signed a cooperation agreement, effective immediately, with the Libya office of the West London Chamber of Commerce. This agreement aims to facilitate the entry of Libyan goods into British markets and assist British companies in investing in Libya by providing all necessary data and facilities to both parties.
The agreement was signed during the third Libyan Business Forum held on 22 June in London, in cooperation with the West London Chamber of Commerce. The forum was attended by Libyan and British companies from various economic sectors, as well as representatives from the Libyan Embassy in London, the Medical Services Support and Development Authority, BABC Bank, and the UK Department for International Trade.
The forum primarily aimed to encourage mutual investment between the two countries and to invite British companies to invest and partner with the Libyan private sector in several fields, most notably industry, training, artificial intelligence technologies, real estate development, free zones, and the healthcare sector.
The LBC reported that the event witnessed the launch of a joint Libyan British Business Council.
Face-to-face B2B meetings
During the forum, face-to-face meetings were held between businessmen from both sides, during which several British companies expressed their desire to invest and partner with the Libyan private sector in the areas of maritime shipping and port operation, training, and software.
Virtual B2B meetings to be held in July
In coordination with these steps, the council will organize virtual business meetings in the middle of next month that will bring together these British companies and relevant Libyan institutions and companies.