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Libyan Businessmen Looking for Investment Opportunities in Morocco

June 13, 2023
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On Tuesday, a delegation of Libyan businessmen visited the Moroccan city of Tangier, to explore the potential investment opportunities in the region.

The Chamber of Commerce, Industry, and Services of the Tangier-Tetouan-Al Hoceima region reported that its office in Tangier received a delegation representing the “Libyan Businessmen Council”. This visit aligns with ongoing efforts to strengthen economic partnerships with Morocco.

The meeting was attended by Abdel-Latif Afilal; the President of the Chamber, Yassin Al-Aroud; the Head of the Regional Advisory Committee for Professionals in Tangier. Libyan delegates included Yasin Abu Siriweil, Abdel-Samie Amer Muammar, Abu Bakr Saadoun Zriba, and Saleh Al-Khunfas.

The meeting primarily discussed the proposed “Moroccan-Libyan Business Forum and Expo – MARLY-BUSINESS” scheduled to be held in September 2023.

The purpose of this forum is to bolster trade, in addition to promoting direct investments in both countries.

A smaller working meeting was also held on the sidelines between the investors from both countries, and officials of the two bodies. The aim was to finalize arrangements related to the Moroccan-Libian Business Forum and Expo.

Last month, Moroccan Foreign Minister, Nasser Bourita announced the imminent reopening of the Moroccan Consulates in Tripoli and Benghazi.

During his speech at the government weekly session at Parliament, he expected that the reopening date for the two consulates in Libya would be by the summer.

Morocco recently hosted the meetings of the Libyan 6+6 Joint Committee assigned by the Libyan Parliament, and the High Council of State (HCS) to draft electoral laws.

The meeting aimed at drafting laws to organize the elections, in accordance with the roadmap announced by the UN Envoy, Abdoulaye Bathily in February.

In a statement read by the Head of the HCS delegation, Omar Buleifa said that the upcoming Presidential and legislative elections “will be held simultaneously.” He announced that they had “achieved complete consensus regarding the controversial points related to the process of electing a president for Libya, and the National Assembly.”

The Committee called for the formation of a unified government that paves the way for holding elections across the country.

Buleifa added that they also “agreed on the mechanism of engaging the political parties in the coming Parliamentary elections, whether through party lists or individual candidates.”

He stated that “the next legislative authority will consist of two chambers, namely the Parliament and the Senate.”

Tags: BusinessmenlibyaMorocco
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