The Ministry of Tourism and Antiquities of the Libyan government has signed a memorandum of understanding with Emmar Libya Holding Company for the maintenance, restoration, operation, and investment in approximately 60 tourism and service projects, as well as the maintenance of archaeological landmarks and properties owned by the ministry.
The signing took place after both parties agreed on all terms and details, with the presence of Dr. Ali Qalama, Minister of Tourism and Antiquities, and Dr. Abdel Hamid Mousa Awad, Chairman of the Board of the company.
Under this agreement, the ministry will provide the company with all relevant information, lists, and documents pertaining to the sites and properties owned by the ministry and its affiliated entities. The company commits to delivering engineering studies, which will be submitted to the ministry for review and feedback, to take the necessary actions.
This initiative aims to involve the private sector in the tourism field following the laws and regulations approved by the state. It is part of the strategic plan of the Libyan government’s Council of Ministers and the Ministry of Tourism.
Libya has been in chaos since a NATO-backed uprising toppled longtime leader Muammar Gaddafi in 2011. The county has for years been split between rival administrations.
Libya’s economy, heavily reliant on oil, has suffered due to the ongoing conflict. The instability has led to fluctuations in oil production and prices, impacting the global oil market and Libya’s economy.
The conflict has led to a significant humanitarian crisis in Libya, with thousands of people killed, and many more displaced. Migrants and refugees using Libya as a transit point to Europe have also faced dire conditions.
The planned elections for December 2021 were delayed due to disagreements over election laws and the eligibility of certain candidates. This delay has raised concerns about the feasibility of a peaceful political transition.
Despite the ceasefire, security remains a significant concern with sporadic fighting and the presence of mercenaries and foreign fighters. The unification of the military and the removal of foreign forces are crucial challenges.
