Libya opens two-day Invest in Libya forum in Tripoli
Ministers, the Deputy Prime Minister and foreign diplomats gathered at a Tripoli hotel to discuss how to bring domestic and foreign capital into the economy.
The Permanent Libyan Economic Forum opened in Tripoli on Wednesday, 11 November, under the banner "Invest in Libya". The two-day event runs to 12 November at a leading hotel in the capital and is overseen by the National Economic and Social Development Board (NESDB), with the General Union of Chambers of Commerce as organiser.
The opening ceremony was attended by the Deputy Prime Minister, the ministers of economy and trade, housing and construction, tourism and artificial intelligence, members of the House of Representatives and the High State Council, the NESDB's director-general, ambassadors and business leaders. The sessions will review the investment and commercial environment, the economic policies needed to attract domestic and international capital, and ways to strengthen the private sector.
The forum presented the "Namaa" (Growth) plan drafted by the NESDB, which sets out promising sectors meant to diversify income sources. Two dialogue sessions were held on the first day: one on geopolitical changes and their effect on the local and international economy, and one on national visions and prospects for Libya's economic development.
Why it mattersInvestors weighing Libya's business climate now have the NESDB's Namaa plan, which names the sectors the government wants to grow, to test against their own plans.