The Deputy Head of the Libyan Presidential Council, Musa Al-Koni, and Chinese President, Xi Jinping, have reached an agreement to enhance economic ties between the two nations, allowing Chinese companies to resume operations in Libya.
The agreement was made on the sidelines of the Africa-China Cooperation session at the BRICS summit, marking a strategic partnership aimed at mutual development and comprehensive cooperation.
Al-Koni emphasised the pivotal role that China could play in supporting Libya’s stability efforts and accelerating reconstruction projects. He urged the removal of obstacles hindering the operations of Chinese companies in Libya and the return of companies with stalled projects.
This move, he noted, would also open doors for broad investment opportunities for various Chinese enterprises.
The Deputy Head of the Libyan Presidential Council highlighted that China’s global influence sends a strong reassuring message to companies worldwide about the growing stability in Libya. He underlined the success of collaborative efforts between African nations, neighboring countries, and Europe in achieving this stability.
Al-Koni stressed the need for Chinese expertise in Libya’s reconstruction projects and cited China’s exceptional economic rise as a model to emulate. He highlighted the swift transition of China’s economy to a global powerhouse, making it a role model for other countries.
President Xi Jinping expressed his interest in further developing Libyan-Chinese relations in alignment with the strategic and economic aspirations of the emerging global economic bloc, BRICS. He welcomed collaborative efforts with Libya and affirmed China’s commitment to supporting the nation’s rebuilding process.
President Xi Jinping assured Al-Koni that China is prepared to deepen mutual political trust, expand economic cooperation, and foster a comprehensive strategic partnership with Libya.
This groundbreaking agreement holds the potential to bolster both Libya’s economic growth and China’s expanding influence on the global stage. As Chinese companies return to contribute to Libya’s reconstruction, the partnership marks a significant step towards a prosperous and interconnected future for both nations.
