Libyan Minister of Economy and Trade in the Government of National Unity, Mohamed Al-Hwaij, announced that the country is set to build four international airports in the near future.
In an interview with Sky News Arabia, Al-Hwaij stated that a comprehensive vision has been developed for Libya, focusing on the establishment of cross-border roads and routes to Africa, such as the road from Libya’s Misrata to Niger and the road from Benghazi to Sudan and Chad.
Furthermore, priorities have been identified, including the agricultural sector, with a focus on achieving food security through the production of crops such as wheat, olives, and dates.
The industrial sector is also a priority, particularly in terms of building materials such as cement and other related products. Efforts have begun to develop Libyan legislation that encourages both foreign and domestic private sector investors to increase their investments in these areas.
However, all these plans are contingent upon achieving political stability, ensuring security, and unifying Libyan state institutions.
Earlier, Al-Hwaij expected that Libya will achieve the highest growth rate among Mediterranean Basin. He added that that Libya is encouraging foreign oil companies to return and invest in the oil sector, especially after the discovery of new sites and the granting of several new advantages.
He noted that the development of the oil sector positively impacts the overall economic situation, including price stability and increased growth. “We expect to achieve a growth rate of 8% this year, which is the highest in the Mediterranean region,” the minister said.
Al-Hwaij also explained that the outbreak of war in Eastern Europe has provided Libya with more opportunities in energy supplies, given Libya’s strategic location that allows it to benefit from all trade routes, including the development road that connects the Gulf to Europe via Turkey.
