The return of Italian companies to eastern Libya marks a “historic moment,” both symbolically and operationally, according to Belgassem Haftar, Director of Libya’s Reconstruction and Development Fund.
Speaking to Agenzia Nova on the sidelines of the Italian-Libyan Economic Forum in Benghazi, Haftar described the renewed cooperation as a significant step forward.
“Italian firms have a deep understanding of our market and share long-standing historical, geographical, and cultural ties with Libya. Their experience and technical capabilities are exactly what we need,” Haftar said.
He assured Italian stakeholders that Libya would honour all contractual commitments, including payment obligations.
“The most important element is trust. We will respect all agreements signed with Italian companies. We have many projects that will rely on their participation,” he added.
Haftar explained that the Fund has proposed an €11 billion budget to the House of Representatives as part of a three-year development plan. The programme is built on sectoral studies to improve public services in key areas such as healthcare, education, infrastructure, environment, logistics, and transportation.
“For example, the infrastructure plan for Benghazi is expected to last between three to five years and will also aim to reduce environmental pollution. It is a strategic project that will open many opportunities for foreign companies,” he explained.
Addressing Libya’s internal divisions, Haftar stressed that national unity and political stability depend heavily on development. “Development is a critical factor for reaching a political solution,” he said.
He argued that economic revitalisation could drive not only local stability but also encourage political cohesion and stronger ties with neighbouring countries.
The Benghazi forum is seen as a key platform for strengthening economic collaboration between Libya and Italy, with numerous contracts and partnerships expected to follow.
