The Benghazi Chamber of Commerce, Industry, and Agriculture discussed holding a forum for Libyan and Egyptian business owners and companies.
This is to showcase development and reconstruction projects intended for implementation with private sector participation. Additionally, the forum will address investment projects in the industrial, agricultural, and energy sectors.
This initiative took shape during a visit by a delegation from the Chamber to Egypt from 24-30 December 2023. The delegation engaged with the General Union of Egyptian Chambers of Commerce, as well as chambers in Cairo, Alexandria, and the Alexandria Business Owners Association. The purpose of these meetings was to strengthen commercial ties, between private sector entities in both countries.
During the visit, the delegation discussed challenges and solutions for business owners and traders operating in both countries. The emphasis was on developing a collaborative mechanism, to boost bilateral trade.
Notably, 39 Egyptian companies will participate in the 5th edition of the Libya Food Expo in Tripoli, from 28-30 January, according to Libya’s Al-Wasat newspaper.
Haitham Mohamed Quraish, the President of the International Exhibitions Company organizing the event, expressed confidence that this event would offer new opportunities for Egyptian companies to strengthen their presence in Libyan markets.
Mohamed Al-Raeed, Chairman of the General Union of Chambers of Commerce in Libya, emphasised the importance of enhancing trade and economic relations with Egypt at all levels.
Ashraf Abdel Rahim, CEO of Expo Group, the organizer of the Egyptian pavilion, stated that Egypt’s substantial participation reflects a strong commitment to boosting trade and economic cooperation.
Abdel Rahim added that Egyptian products enjoy significant popularity in the Libyan market. Compared to the previous year’s 24 companies, the current edition features around 39 companies, with additional companies on the waiting list.
This participation aims to raise awareness of Egyptian brands, enhance commercial cooperation, and strengthen economic ties between businessmen and companies in both countries.
The CEO anticipated that the Egyptian pavilion would attract thousands of visitors interested in the food, packaging, and labelling sectors, with last year’s exhibition recording 14,000 visitors.
Sara Ibrahim, Executive Director of the Export Council for Printing and Packaging, highlighted the significance of the Libyan market for packaging exports. The Council aims to expand exports to Libya, participate in the exhibition, introduce products, and establish export agreements.
Heba Saheel, Deputy Executive Director of the Export Council for Food Industries, emphasised the Council’s commitment to a strong presence in African markets, especially Libya.