Libya’s Minister of Economy and Trade, Mohamed Al-Hwaij, affirmed the government’s commitment to transforming Libya into a diverse and sustainable economy through stronger coordination between its economic institutions.
The minister made his remarks during a meeting held on Monday morning, which brought together Abdulaziz Al-Shaoush, Chairman of the General Authority for Investment Promotion and Privatization Affairs; Mohamed Bin Katheer, Head of the Commercial Registry Authority; and Essam Al-Aoul, Chairman of the General Authority for Exhibitions and Conferences.
The meeting discussed mechanisms to enhance coordination among the bodies operating under the Ministry of Economy and Trade. The goal, according to the ministry, is to improve the business environment, boost local and foreign investment, and implement the ministry’s strategy to stimulate the national economy while supporting the private sector.
Al-Hwaij emphasized the importance of institutional cooperation to achieve the transition toward a diversified and sustainable economy. He urged all relevant bodies to facilitate procedures for investors and strengthen partnerships with the private sector to accelerate development across various economic fields.
The meeting also reviewed the implementation plans of the affiliated institutions as part of the ministry’s wider strategy aimed at creating a more competitive, investment-friendly environment in Libya.
