Sebha Chamber of Commerce revealed last Monday (6 July) that it had signed a cooperation agreement with the Regional Consular Department of the Agadez Chamber of Commerce and Industry in Niger.
It said this established a new phase of economic and trade cooperation between the two countries and comes in a move reflecting a strategic vision to build a more open and integrated economy with African markets.
The Chamber said this agreement transforms the region’s geography into an economic opportunity, making the southern Fezzan region a launchpad of new future of investments.
It added that the cooperation agreement represents more than just institutional cooperation; it establishes a promising economic corridor linking Libya to its African depth and strengthening the position of southern Libya as a logistical and commercial hub capable of attracting investments and revitalizing trans-Saharan trade.
Sebha Chamber said this cooperation agreement:
- Strengthens the Fezzan-Agadez trade corridor, which will contribute to facilitating the movement of goods and services, reducing transportation costs, and improving the efficiency of supply chains.
- Expands joint investment opportunities in the agriculture, industry, logistics, energy, tourism, and trade sectors.
- Builds a shared economic information system that provides investors and businesspeople with reliable data to help them make more efficient investment decisions.
- Revitalizes regional trade, opening new markets for the Libyan private sector, and strengthening economic integration with neighbouring African countries.
The Fezzan Economic Forum – Sebha - 24 to 26 November
The signing of the cooperation agreement with the Regional Consular Department of the Agadez Chamber of Commerce and Industry in Niger coincides with preparations for the Fezzan Economic Forum.
Sebha Chamber of Commerce says the forum aims to transform agreements and understandings into tangible investment projects and bring together investors, the private sector, financial institutions, and decision-makers on a single platform to create sustainable economic opportunities.