A delegation of 38 Egyptian companies will travel to Tripoli and Benghazi on Saturday for meetings with Libya’s Minister of Economy, chambers of commerce, and industry, as well as key importers and reconstruction companies.
These statements were made by Alaa Nasr El-Din, member of the Wood and Furniture Chamber and the Arab Cooperation Committee of the Federation of Egyptian Industries.
The visit is organised under the auspices of the Federation of Egyptian Industries, represented by the Arab Cooperation Committee, chaired by Dr. Mohamed El-Bahi, with the support of Ramadan Galal, Omar Abou Shadi, and Randa Galal.
Nasr El-Din stated in a press release that Egyptian companies are eager to secure a share in the “reconstruction pie.” The delegation includes businesses from various sectors such as wood, steel, hotels, metals, clothing, and digital industries.
He emphasised that reconstruction is a major priority for both Egypt and Libya, especially given the readiness and expertise of Egyptian companies. The initiative is expected to bolster employment opportunities for skilled Egyptian workers, with the Cairo Chamber of Commerce estimating that Libya’s reconstruction could create up to 3 million jobs for Egyptians over the next three years.
The Libyan economy is valued at approximately $51 billion, with a population of 6.9 million. Libya holds the fifth-largest oil reserves in the Arab region, and recent economic reports estimate the cost of rebuilding the country at $570 billion, according to Nasr El-Din.
