The Libyan Business Council (LBC) reported today that the Libyan British Business Council was officially inaugurated today during a ceremony at the latter’s Tripoli headquarters.
The opening was attended by the Minister of Labour, the British Ambassador to Libya, the Deputy Ambassador, the Commercial Attaché, several members of the Libyan Business Council’s Board of Directors, a representative from the Economic Committee of the High Council of State, and various business leaders—including those set to participate in the “Libyan Business Day” in London, scheduled for later this year.
The LBC said the event featured introductions to the participating companies, an overview of their activities and sectors, and discussions on fostering connections between Libyan and British firms. These efforts, it added, aim to create opportunities for commercial and investment partnerships, as well as the exchange of expertise.
The launch of this council is part of the Libyan Business Council’s broader strategy to expand private-sector relations with international partners. The Board of Directors established the Libyan British Business Council to bolster trade and cooperation with the British side. Additionally, a “Libya Office” has been set up in London to provide data and information regarding investment opportunities and trade, while facilitating communication between business communities in both countries.
The LBC said this collaboration focuses on leveraging British expertise and capabilities—particularly in the fields of energy, technology, industry, and professional training—to build partnerships that help enhance the capacities of Libyan companies and expand their business operations.
LBBC v LBBC?
Meanwhile, the naming by the LBC of its newly launched, Tripoli-based Libyan-British Business Council has caused confusion with the similarly named, UK based LBBC.
Commenting to Libya Herald today on the naming confusion, the UK-based LBBC Chairman, and former UK Ambassador, Peter Millett said:
“The Libyan British Business Council (LBBC) has been the prime organisation promoting commercial links between the United Kingdom and Libya for over 22 years. We continue to be a thriving body with a growing number of members and active visits to Tripoli, Benghazi and Misrata as well as major events in London.
We have a good relationship with the Libyan Businessmen’s Council and share the same objectives.
We regret that the name they have used for the office in Tripoli appears to be the same as ours. We will be discussing this matter with the LBC’s leadership.”
At the time of publication, the LBC in Tripoli has made no comment on the matter.
