Libya & Italy Discuss Boosting Industrial Cooperation

Libya & Italy Discuss Boosting Industrial Cooperation
Libya & Italy Discuss Boosting Industrial Cooperation

Libya’s Minister of Industry, Ahmed Abu Hissa, met with Italian Ambassador, Gianluca Alberini to strengthen industrial collaboration.

The minister stressed the importance of exchanging information and expertise between the two countries, especially in industrial ventures.

The Ministry of Industry highlighted discussions on the return of Italian companies to invest in Libya, focusing on the Tajoura-based trucks and buses factory.

According to a statement by the Ministry of Industry, efforts are underway to overcome obstacles in partnership with “Iveco,” the collaborating company in the Tajoura facility.

Alberini emphasised the pivotal role of industry in Libya-Italy relations, expressing Italy’s commitment to supporting Libya for peace, stability, and economic revitalization.

Last week, the Minister of Economy, Mohamed Al-Hwaij discussed avenues of cooperation in the fields of economy and investment with Alberini. They also discussed mechanisms for networking between businessmen in both countries.

Al-Hwaij emphasised the importance of implementing the provisions of the 2008 Friendship Treaty, and resuming work on contracted infrastructure projects. Most 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 EU. He highlighted 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 organise 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.