Tripoli, 19 May:
Around 20 Maltese companies from the building and construction sector will be at the Libya Build 2012, . . .[restrict]opening tomorrow, to showcase their products and services, establish relations with their Libyan counterparts and explore opportunities within Libya’s new business environment.
The companies operate in a wide range of sectors, such as lifts and electromechanical systems, construction materials, furniture and fittings, environmental solutions, turnkey contractors and project management, paints, printing, aluminium, as well as garages, doors and windows.
Their participation in the Libya Build Expo is being supported by Malta Enterprise and the Malta Enterprise Office in Tripoli, who shall also be present on the Malta Pavilion in Stand 70 to promote the trade and investment opportunities that Malta offers to Libyan companies as well as the assistance and support that companies operating in Malta may benefit from.
Amongst others, these include the possibility of operating from a politically, economically and socially stable environment within EU borders and within easy reach of nearby markets in North Africa and the Middle East.
Moreover, Malta also offers an attractive fiscal and financial incentives package, a corporate tax rate which is effectively one of the lowest in the region, a modern and efficient infrastructure, and the availability of a highly-skilled and multilingual workforce.
Malta’s participation at the Libya Build 2012 follows up on a number of initiatives being taken by the Maltese Government through Malta Enterprise to strengthen the commercial links between the two neighbouring countries.
Only a month ago, an official delegation led by the Minister of Finance, Economy, and Investment and the Minister for Fair Competition, Small Business and Consumers held meetings with the Libyan Ministers for Industry, the Economy and Transport, while a business delegation comprising 20 companies operating in the maritime industry visited Libya to explore business opportunities and meet their Libyan counterparts.
Following these meetings, the first meeting of the Technical Committee for Trade and Investment was conducted with the aim of facilitating trade and investment between the two countries, in line with the Memorandum of Understanding signed between Malta Enterprise and the General Board of Privatisation and Investment in Libya earlier this year.
Malta Enterprise and Transport Malta also organised two separate seminars for Libyan officials involved in regulating these sectors with the aim of providing training and assistance to these public bodies based on Malta’s expertise in these fields.
Further information on the Maltese companies participating at the Libya Build 2012 may be found on
www.maltaenterprise.com. [/restrict]
