Saturday, September 6, 2025
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Libya

Egyptian-Libyan MoUs Aim to Diversify Country’s Resources

September 18, 2021
Share on FacebookShare on Twitter

On Saturday, the Libyan Minister of Economy and Trade, Mohammad Al-Hwaij, praised the signing of 14 new agreements and memoranda of understanding (MoUs) between the Libyan and Egyptian governments in various fields. He added that this will contribute to restoring the joint economic cooperation to its highest levels after a 12-year hiatus.

In an interview with Sky News Arabia, Al-Hwaij said that this will also open the door to accelerating the implementation of many reconstruction projects in Libya, especially if the elections are held on time.

Al-Hwaij added that the deterioration of the country’s political and economic situations halted many cooperation agreements in various fields. He noted that Egypt and Libya signed a total number of 51 agreements and MoUs in industry and agriculture, employment, trade, services, etc.

He added that, “Egypt is witnessing a great urban renaissance using modern methods, and it is a successful model that must be emulated, especially since this renaissance took place in a short period, with a developed vision in managing time and projects.”

The Minister indicated that these agreements aim to diversify the country’s economic resources besides oil, pointing out to the two countries’ intention to establish a free trade zone between Egypt and Libya.

Al-Hwaij said that the transit trade is one of Libya’s priorities, adding the free trade zone aims to facilitate trade exchange and export for African countries.

He also praised the Egyptian successful experience in the field of development, affirming that Libya is ready to cooperate with Egypt in Libya’s reconstruction projects.

Notably, Libyan Interim Premier, Abdelhamid Al-Dbaiba, met with Egyptian President, Abdelfattah El-Sisi, in Cairo last week. They discussed economic and political cooperation.

  • Libyan FM Al-Hwaij: “Turkey’s Delusions Will Never Come True”
  • Al-Hwaij: Libya Will Take Strict Action Against Turkey’s Intervention
  • Al-Hwaij Discusses Libya With Saudi Foreign Minister
  • Libyan Trade Delegation Visits Egypt to Discuss Reconstruction
  • Malta to Reopen Consulate in Benghazi
Tags: EgyptlibyaMinister of EconomyMohamed al Hwaij
Next Post

How Can Egypt Help Libya’s Electricity Problems?

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

Italian Aviation Delegation Arrives in Benghazi

Libyan Attorney General Reveals Major Corruption Case in Tripoli

The Missing Imam: Is This Libya’s Proof of Musa al-Sadr’s Death?

UN Envoy Confirms Implementation of Libya’s New Political Roadmap

Calls to Float Libyan Dinar Spark Fears of Economic Chaos

Libya Beats Angola to Keep World Cup Hopes Alive

EDITOR PICKS

Arab League Reaffirms Commitment to Libya’s Unity

Italian Minister Stresses UN-Backed Stabilisation Process in Libya

Italian Aviation Delegation Arrives in Benghazi

US Embassy Funds Training for 20 Libyan English Teachers

Libyan Attorney General Reveals Major Corruption Case in Tripoli

Jordanian Surgeons Launch Kidney Transplants in Sirte

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR