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Minister of Economy and Trade and EU Ambassador to Libya Discuss Findings on the Economic and Investment Matrix

In the presence of Mr. Mohamed Al-Hawij, Minister of Economy and Trade, Mr. Jose Sabadell, the European Union Ambassador to Libya, and Mr. Mohamed Al-Aswad, Deputy Director of Programs at Expertise France, a workshop was organized on Monday 26th of September 2022. The workshop aims to present the results of a study on the Libyan economic and investment matrix against several international indicators and to analyze the challenges and obstacles facing the business environment and the private sector in Libya.

Economic experts worked on these studies based on data and surveys that included more than 600 private companies in Libya as part of the EU4PSL project funded by the European Union.

In his opening speech, the Minister of Economy and Trade stressed the importance of this workshop, which falls among the priorities in the ministry's strategy to diversify the private sector by improving the business environment and the investment climate in Libya. He noted the importance of the partnership between Libya and the European Union in all economic, environmental, security and political fields.

The Ambassador of the European Union pointed out the importance of cooperation with Libya in improving the business environment and investment climate, which is a priority for the European Union to contribute to Libya's stabilization and increase economic cooperation and joint investment. He stressed the European Union's commitment to supporting Libya in energy, green economy and economic diversification.

Also among the attendees were Mr. Saleh Al-Ghoul, Undersecretary of the Ministry of Higher Education and Scientific Research, Mr. Jamal Al-Mushi, President of the General Authority for Promotion, Investment and Privatization Affairs, Mr. Musa Al-Zubik, Director of the Administration for Private Sector Development and Investment, and Mr. Muhammad Al-Raeed, President of the General Union of Chambers of Commerce and Industry, Mr.Mohamed Ben Kateer, Director of the General Commercial Registry, Omar Alzarroq Deputy General Manager of the tax authority and representatives of The ministries of Planning, Finance, the Central Bank, the Economic Development Board, the Tax Authority, Libyan Industry Union and the General Information Authority.