A meeting was held to introduce investment opportunities in Libya, and discuss the possibility of American companies resuming their operations in the country, in coordination with the Libyan American Business Association.
The meeting focused on showcasing job opportunities in Libya, and reviewing government-initiated reforms in services and projects as part of the Life Returns program launched by the government.
Attendees included the President of the National Council for Economic and Social Development, Mahmoud Al-Fetouri, the Director of the International Cooperation and Foreign Affairs Department in the previous government, Taher Al-Baour, along with several businessmen and company owners interested in implementing projects in Libya.
The resumption of American companies’ operations in Libya is expected to have a significant impact on the country’s economy, which has been struggling with the effects of the ongoing conflict and political instability. The Libyan government has been working to create a more favourable business environment, and improve security conditions to encourage foreign companies to invest in the country.
The Libyan government has assured the attendees of the meeting of its commitment to providing all necessary support and assistance to ensure the success of American companies in Libya. The resumption of operations in Libya would not only benefit the country’s economy, but also provide new opportunities for American businesses to expand their operations and strengthen their presence in the African continent.
Notably, the Japanese Embassy in Libya has discussed the return of Japanese companies and resuming their work in Libya with the Ministry of Foreign Affairs. The meeting included the Libyan Charge d’Affaires in Japan, the National Oil Corporation, and several Japanese institutions representing the energy sector.
The focus of the meeting was to encourage Japanese companies to return to Libya’s oil and gas industry, through exploration and investment in the sector. The Japanese government has invited interested companies to participate in the development and growth plans of the country.
Following the meeting, Japanese Charge d’Affairs, Masaki Amidera expressed optimism about the future of Japanese companies in Libya. He added that “the discussion was productive, and the Japanese government is committed to providing all possible support to Japanese companies that want to invest in Libya.”
