AFCCA: Egyptian Companies Have Secured Contracts worth $15 Billion Dollars in Libya

The Chairman of the African Federation of Construction Contractors Association (AFCCA), Hassan Abdel-Aziz said that over the past year and a half, Egyptian companies have signed contracts for the reconstruction of Libya worth $15 billion dollars.

In press remarks, Abdel-Aziz told CNBC Arabia that security conditions have prevented the implementation of these projects.

This came on the sidelines of the 8th edition of Builders of Egypt 2023 Forum, which opened Sunday, under the theme of “Egypt’s Propitious Momentum Towards Construction Sector Exportation Regionally.”

The event is organised by AFCCA, in collaboration with Exlnt Communications and the Saudi Contractors Authority (SCA).

Last week, Prime Minister of the Libyan Government of National Unity (GNU), Abdel-Hamid Dbaiba called on Egyptian companies to participate in the rebuilding of Libya, and develop its infrastructure.

Dbaiba added that “there are many available opportunities for Egyptian companies to be present in the Libyan market.” He confirmed the presence of Egyptian paints, insulation materials, and pipes in the Libyan market, and their adoption for use in current infrastructure projects.

This came during his visit to the Egyptian pavilion at the Libya Build Expo, as 20 companies from the Egyptian chemical industries sector have participated in the event.

The PM called for intensifying the participation of Egyptian companies in specialised exhibitions held in Libya, and organising a number of commercial visits and missions for Egyptian companies from various sectors.

The Executive Director of the Chemical Industries Export Council, Mohamed Magid, revealed that he had asked Dbaiba to support the participation of Egyptian companies in upcoming projects. As well as to approve the registration of these companies as suppliers of production requirements for projects carried out within the country.

Magid added that the Dbaiba “promised to provide full support to Egyptian companies, and that the door is open to all Egyptian companies in the projects currently being implemented.”