Abdel Nasser Najm, Chairman of the Benghazi branch of Libya’s Privatization and Investment Board (PIB) received a delegation from China representing the KEDA Industrial Group last Wednesday (17 June).
The PIB said the meeting was part of efforts to attract and localise foreign investment within investment projects operating under the umbrella of the Libyan Investment Law.
Ahmed Al-Oraibi, Director of the PIB’s Investment Department, also participated in welcoming the Chinese delegation, providing explanations regarding the Investment Law and the services offered through investor service centers and related entities.
The PIB said the reception of representatives from the giant Chinese industrial group KEDA comes at a time when reconstruction efforts are ongoing in all Libyan cities, creating numerous investment opportunities, particularly in the fields of engineering consulting, construction, and technology transfer.
Through this type of investor, the PIB said it seeks to support the national economy and present Libya as an attractive investment destination for major foreign companies and investors. This will provide job opportunities for Libyan nationals and enhance their skills.
The KEDA Industrial Group operates in more than twenty countries worldwide, with an annual revenue exceeding two billion dollars and employing twenty thousand people globally.