The Tripoli based Libyan Ministry of Economy and Trade reported yesterday that its minister, Mohamed Hwej, approved last Thursday (19 June) a group of new investment projects during a meeting held at the Ministry’s Tripoli headquarters in the presence of the Chairman of the Privatization and Investment Board (PIB), Abdul Aziz Al-Shawish.
The approval included the issuance of 20 decisions to implement investment projects for the private sector in several sectors (without specifying which sectors) inside Libya. The ministry said these come within the framework of the government’s support for economic development efforts and enhancing the role of the private sector in moving the wheel of the national economy.
The Minister stressed that this step comes in implementation of the government’s plan aimed at encouraging local and foreign investment and creating a favourable environment for investors, which contributes to creating job opportunities and revitalizing the national economy.
The step, the ministry added, will be implemented under the supervision and follow-up of the PIB, in accordance with the approved legal controls and standards.
