Libya's Privatization and Investment Board (PIB) reported last Friday (3 July) that its Chairman, Abdel Nasser Najm, held a meeting with a delegation from Oxford Business Group (OBG) to discuss establishing a strategic partnership aimed at promoting the Libyan economy and attracting foreign direct investment.
The PIB said this comes as part of its efforts to enhance Libya's position on the international investment map.
The meeting addressed mechanisms for cooperation between the two sides to develop economic and investment content that reflects the Libyan economic reality and highlights promising investment opportunities in the productive and service sectors. This aims to contribute to diversifying income sources, enhancing the competitiveness of the national economy, and attracting foreign capital.
The two sides also discussed the possibility of publishing a special report on Libya as part of "The Report" series, one of the most important international economic reports relied upon by global investors, financial institutions, and policymakers for assessing emerging markets and exploring investment opportunities.
During the meeting, the OBG delegation presented an overview of the group's activities and global reach, explaining that it is one of the leading international institutions specializing in economic studies and investment reports. It provides information and analysis on emerging markets to several major global media and financial institutions, including the BBC, CNN, Dow Jones Terminal, ISI Emerging Markets, and S&P Global Ratings, as well as the Chinese government investment platform CNKI.
The delegation noted that the group's reports reach more than 2.2 million investors worldwide, in addition to a network of more than 215,000 CEOs, drawing on over thirty years of experience in building bridges between governments, investors, and international economic institutions.
Representatives of the group also reviewed their experience in direct cooperation with heads of state and senior officials in more than 40 countries through the preparation of economic reports and investment promotion. These included Egyptian President Abdel Fattah al-Sisi, the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, the Deputy Prime Minister of the United Arab Emirates, Sheikh Mansour bin Zayed Al Nahyan, and the Sultan of Oman, Haitham bin Tariq Al Said.
The head of the authority emphasized that engaging with international institutions specializing in investment promotion is a key pillar of the authority's strategy for the coming period. He noted that cooperation with OBG will contribute to presenting a professional and reliable picture of Libya's investment environment and highlighting the country's promising opportunities to investors and decision-makers worldwide, thereby supporting economic development efforts and boosting investment flows.
The OBG delegation included the International Director; Project Coordinator; and Business Analyst at Economic Research and Consulting. Also present from PIB were the Director of the Investment Department, and the Director of the Promotion Department.