Massad Boulos, the US Senior Advisor for Africa, has emphasized the importance of strengthening commercial ties between the United States and Libya, describing economic cooperation as central to building a durable relationship between the two countries.
Speaking at an event organized by the American Chamber of Commerce in Libya in Washington, Boulos said Libya has the opportunity to attract world-class American companies if it commits to greater stability and transparency. He argued that investment is not just about trade but also about creating sustainable prosperity and long-term growth for Libyans.
“Strong commercial ties are the key to the US–Libya relationship,” Boulos said, noting that American firms are well-positioned to support Libya’s recovery if the country can create a predictable and transparent investment climate.
Libya, which holds Africa’s largest proven oil reserves, has long been seen as an attractive but challenging market. More than a decade of conflict, political division, and weak institutions have deterred foreign investors despite the country’s strategic location and vast energy resources. US policymakers have repeatedly stressed that economic reform and rule of law will be essential if Libya is to move beyond instability and attract meaningful international partnerships.
The American Chamber of Commerce in Libya has sought to bridge business opportunities between the two countries, arguing that private-sector engagement can play a key role in stabilizing the Libyan economy. Sectors such as energy, infrastructure, and technology remain top priorities, with growing attention also on renewable energy and diversification beyond oil.
