Libya’s Privatisation and Investment Board (PIB) reported today that its Chairman, Abdelaziz Al-Shawish, held a meeting yesterday with representatives of Lucky Cement Ltd to discuss the possibility of establishing a cement plant in the coastal city of Khoms.
The PIB said this comes as part of its efforts to attract quality investments and strengthen the industrial sector in Libya.
Lucky Cement Limited, also known as Lucky Group, is a Pakistani conglomerate headquartered in Karachi. Named after the place, Lakki Marwat, where the first plant was commissioned in 1993, Lucky has become one of the largest cement producers in Pakistan.
The PIB said the plant would have a production capacity of 2.5 million tons per year, contributing to meeting the local market's cement needs, supporting development and reconstruction programs, and promoting industrial development in the country.
The two sides also reviewed the investment climate in Libya, the incentives, guarantees, and facilities offered by the PIB to investors, and discussed the technical and logistical aspects of the project, as well as mechanisms for joint cooperation, in preparation for completing the necessary studies and procedures to move forward with the project's implementation.
The PIB Chairman also affirmed its commitment to supporting major industrial investments and attracting experienced international companies, which contributes to technology transfer, job creation, and enhancing the industrial sector’s contribution to diversifying the national economy, in line with Libya’s vision for achieving sustainable economic development.
The meeting was also attended by the Chairman's Advisor and the Director of PIB's One-Stop Shop.