Libya’s Minister of Industry and Minerals in the Government of National Unity (GNU), Ahmed Abuhisa, has extended an invitation to Moroccan businessmen and investors to visit Libya and explore promising investment opportunities in the industrial and mineral sectors. This invitation was made during his meeting with Moroccan Minister of Industry and Minerals, Ryad Mezzour, in Rabat.
The meeting was held on the sidelines of the 28th General Assembly of the Arab Industrial Development and Mining Organization (AIDSMO).
Abuhisa emphasised the importance of Libyan-Moroccan cooperation for sustainable economic development and the exchange of expertise and modern technologies. He highlighted the potential benefits of Moroccan investments in revitalizing Libya’s industrial and mineral sectors.
Minister Mezzour welcomed Abuhisa’s invitation, expressing Morocco’s readiness to enhance cooperation with Libya across various industrial fields. He underscored the importance of joint efforts to open new avenues for development and investment.
The Ministry of Industry and Minerals stated that this meeting is part of its broader efforts to strengthen economic ties with friendly and neighboring countries. These efforts aim to rebuild Libya’s economy and achieve sustainable development through international cooperation and investment.
Abuhisa’s call for Moroccan investment is seen as a strategic move to attract foreign capital and expertise, essential for revitalizing Libya’s economy post-conflict. The collaboration is expected to bring in advanced technologies and foster knowledge transfer, thereby boosting local industries.
Libya, with its rich natural resources and strategic location, offers significant opportunities for industrial growth. The government’s focus on rebuilding the industrial sector is crucial for job creation and economic stability. By inviting Moroccan investors, Libya aims to tap into the regional expertise and strengthen its economic resilience.
This initiative aligns with the broader goal of diversifying Libya’s economy and reducing its dependence on oil. The engagement with Moroccan investors is a positive step towards achieving these objectives and fostering regional economic integration.
