On Wednesday, Libya’s Ministry of Economy and Trade announced the participation of 240 foreign and local companies in the sixth edition of the Libya Food Expo.
The event marks a significant milestone for the country’s food industry, bringing together businesses from across 17 countries alongside 105 Libyan firms.
The expo has grown in size and international reach, with over 135 foreign companies showcasing their products and services.
The increasing global interest in Libya’s food market highlights the country’s potential as an important hub for trade and investment in North Africa.
During a visit to the exhibition, Deputy Minister of Economy and Trade, Saad Al-Hanish met with business owners and suppliers to discuss challenges facing the food trade, particularly in import and export regulations.
He assured them that the ministry is working on addressing these obstacles in coordination with relevant authorities.
The ministry also noted the high level of engagement among exhibitors, suppliers, and visitors, with many participants praising the event’s organization and networking opportunities.
Libya has long relied on food imports to meet domestic demand. Despite its vast oil and gas resources, the country’s agricultural sector remains underdeveloped, making food trade a crucial component of economic activity.
Since the 2011 uprising that led to the fall of Muammar Gaddafi, Libya has faced ongoing political and economic instability. However, efforts to stabilize the business environment continue, with an increasing focus on diversifying the economy beyond oil.
Food production and trade have been identified as key growth areas for Libya’s economy. With arable land, a strategic location on the Mediterranean, and growing consumer demand, Libya has significant potential to expand its food industry.
