The Permanent Libyan Economic Forum (11–12 November) was launched yesterday at a leading Tripoli hotel under the banner "Invest in Libya".
The forum was overseen by the National Economic and Social Development Board (NESDB) and organized by the General Union of Chambers of Commerce.
The opening ceremony was attended by the Deputy Prime Minister; the Ministers of Economy and Trade, Housing and Construction, Tourism, and Artificial Intelligence; HoR and HSC members; the Director-General of the NESDB; as well as various ambassadors, diplomatic representatives, business leaders, investors, and stakeholders in the economic sector.
Over the two days, the forum’s sessions will address the current state of the investment and commercial environment in Libya, the economic policies required to stimulate investment and attract both domestic and international capital, and the necessary steps to improve the business climate and strengthen the private sector's role in economic activity.
The forum featured a presentation of the "Namaa" (Growth) plan, developed by the NESDB. This plan outlines developmental directions and promising sectors within the Libyan economy, aimed at diversifying income sources and increasing the contribution of productive sectors to the national economy.
The opening remarks addressed the importance of the forum in promoting economic dialogue, developing the business environment, supporting public-private partnerships, diversifying the national economy, and opening new horizons for investment.
Dialogue sessions
The day's work included two dialogue sessions, the first of which discussed geopolitical transformations and their repercussions on the local and international economy.
The second dealt with national visions and strategies and prospects for the development of the Libyan economy.
Signing of MoUs
The forum also witnessed the signing of several memorandums of understanding between various entities and institutions, to enhance cooperation and expand economic and investment partnership opportunities.
The forum will continue today with dialogue sessions highlighting investment opportunities in various sectors and prospects for the development of the Libyan economy.
The forum seeks to foster dialogue and coordination among government institutions, the private sector, and international partners. It also serves as a platform for exchanging insights on policies and measures designed to improve the investment and commercial landscape, while creating the right conditions to attract investment and support economic development in Libya.