Libyan Investment Authority Signs MoU with Greece


On Sunday, the LIA signed a memorandum of understanding with Enterprise Greece, the official investment agency of Greece.

The LIA said in a statement that this aims to open new horizons of cooperation with international organizations and institutions. This is to contribute in assisting international investors to enter the Libyan market.

The statement pointed out that the agreement will create new opportunities for the two parties, especially in renewable energy and exchange of experiences. This is in addition to empowering and training Libyan nationals.

“The MoU also aims to facilitate and enable the Libyan investments in European and international markets. As well as encourage investment opportunities inside and outside Libya and to benefit from global expertise,” the LIA explained.

The signing ceremony was held on the sidelines of the Libyan-Greek Economic Cooperation Forum, which was held at the Corinthia Hotel in Tripoli.

The Undersecretary of the Libyan Ministry of Foreign Affairs, and the Greek Commissioner of the Minister of Foreign Affairs for Economic Affairs, and a number of diplomatic and economic figures from both sides attended the ceremony.

Enterprise Greece works under the auspices of the Ministry of Foreign Affairs to promote investment in Greece, and investments abroad.

In September, Greek Foreign Minister, Nikos Dendias received his Libyan counterpart, Najla Al-Mangoush in Athens to discuss strengthening bilateral relations.

She hailed Greece’s support for Libya, confirmed the depth of bilateral cooperation, and discussed ways to further strengthen and develop them.

Last Month, Maltese Prime Minister, Robert Abela said that the healthcare and renewable energy sectors in Libya are two fields in which there are numerous opportunities for Maltese businesses.

“Stability is a crucial factor,” Abela said, adding that Libya was full of opportunities.