Libyan market open before investors; eager to benefit from Egyptian development expertise

CAIRO - 14 February 2022: Minister of Economy and Trade of the Libyan Government of National Unity Mohamed al-Hawij said Saturday that the Libyan market is open for all investors, adding that his country is eager to benefit from the Egyptian development experiment.

Speaking to MENA on the sidelines of a conference to announce the resuming of Libya’s membership in the Council of Arab Economic Unity, al-Hawij said the Libyan market is open for all investors, with the aim of restoring the Arab trade competitiveness.

The Libyan minister said that Libya has restored its stability after agreeing on the new government and all the Egyptian companies and labor could return to the country.

Libya is in the reconstruction phase now, and need cooperation with all the Arab economic councils, he added. 

The Libyan High Council of State (HCS) will hold a meeting on Saturday to vote on a new roadmap to solve the political crisis in the North African country.

The new roadmap was set by the Libyan High Council of State and the Parliament.

In statements to the Libyan News Agency (LANA) on Friday, HCS member Ahmed Lanqi said the council and the parliament are working together to end the political stalemate in Libya.