Libya & Italy Discuss Economic Cooperation

Libya & Italy Discuss Economic Cooperation
Libya & Italy Discuss Economic Cooperation

During a meeting with the Italian Ambassador to Libya, Gianluca Alberini, the Minister of Economy, Mohamed Al-Hwaij discussed avenues of cooperation in the fields of economy and investment. As well as mechanisms for networking between businessmen in both countries.

Al-Hwaij emphasized the importance of implementing the provisions of the 2008 Friendship Treaty, and resuming work on contracted infrastructure projects, notably the Coastal Road connecting Imseid and Ras Ajdir.

Al-Hwaij underscored the significance of joint cooperation, based on a long-term strategic vision. He added that Italy is one of Libya’s most important trading partners within the European Union, highlighting numerous promising opportunities for business and investment offered by the Libyan economy.

The Minister called on the Italian side to make the necessary arrangements for the convening of the Libyan-Italian Joint Committee. As well as to organize meetings involving the Libyan Ministry of Economy and its Italian counterpart, to develop a shared vision that outlines the framework for bilateral cooperation between economic and trade institutions.

Al-Hwaij commended the collaborative efforts between the two countries in telecommunications, electricity, and transportation. He also praised the resumption of direct flights between the two nations.

On his part, the Ambassador expressed the Italian government’s desire to enhance cooperation with Libya in areas of mutual interest, as well as the keenness of Italian companies to resume their work, and complete contracted projects. He added that the resumption of flights between the two countries would witness an increase in the number of weekly flights, to support bilateral relations.