The Director General of Libya’s Development and Reconstruction Fund, Engineer Belgassem Khalifa Haftar, has signed 21 memoranda of understanding with leading Greek companies, marking a significant step toward strengthening international cooperation in Libya’s development and reconstruction efforts.
The agreements were signed during the Libyan–Greek Reconstruction and Development Forum, which opened in Benghazi with broad participation from public and private sector representatives from both countries. The forum was attended by Belgassem Haftar and Greek Deputy Foreign Minister Harry Theoharis, reflecting growing political and economic engagement between Libya and Greece.
The signed memoranda aim to establish frameworks for joint cooperation, knowledge exchange, and the assessment of future projects across a range of key sectors linked to infrastructure, services, and sustainable development. Officials said the agreements are designed to support Libya’s reconstruction priorities while enabling Greek companies to explore structured investment opportunities in the Libyan market.
The forum also featured a high-level panel discussion on prospects for bilateral cooperation and mechanisms to enhance economic partnerships. Participants included Belgassem Haftar, Deputy Foreign Minister Theoharis, Greek Consul in Benghazi Athanasios Anastopoulos, and representatives from Enterprise Greece, Greece’s official investment and trade promotion agency.
Discussions focused on identifying viable investment opportunities, addressing challenges facing foreign investors, and highlighting the importance of balanced partnerships and institutional stability in delivering long-term development outcomes. Speakers stressed that rebuilding Libya’s infrastructure and economy requires coordinated international cooperation, technical expertise, and sustained private sector engagement.
Libyan officials underlined that the Development and Reconstruction Fund is committed to attracting reputable international partners capable of delivering projects in line with approved technical standards and timelines. They also noted that cooperation with Greek companies could play a role in transferring expertise and supporting capacity-building within Libya.
The forum was widely seen as a platform to deepen economic ties, restore confidence among foreign investors, and advance reconstruction initiatives aimed at improving services, supporting stability, and fostering sustainable growth across Libya.