Libya’s Tripoli based Minister of Economy and Trade, Suhail Abou Shiha, held a meeting with the Minister of Investment and Foreign Trade of Egypt, Mohamed Farid, to explore prospects for developing economic, commercial, and investment cooperation between the two countries.

The meeting addressed several key areas of mutual interest, including:

– Capital Markets: Developing relations between the Libyan capital market and the Egyptian Exchange, exchanging technical and institutional expertise, and exploring opportunities to enhance the operational and regulatory infrastructure of capital markets.

– Free Zones: Exchanging expertise in the management and development of free zones, exploring investment and operational partnership opportunities, and strengthening their role in attracting investment, expanding trade, and facilitating re-export activities.

– Contracting Companies: Discussing opportunities for Egyptian contracting firms to participate in the Libyan market, leveraging their expertise and technical and execution capabilities for infrastructure, reconstruction, and development projects, in accordance with the legislation and procedures governing economic activity in Libya.

– Investment Opportunities: Reviewing available opportunities in both countries—particularly in the energy sector—encouraging reciprocal investments, and bolstering the role of the private sector in establishing productive, service-oriented, and investment projects.

Both sides emphasized the importance of strengthening communication between relevant institutions and the private sector in both nations, with the aim of transforming these areas of cooperation into practical partnerships and investment projects that contribute to supporting development and expanding shared economic interests.