Study on obstacles to Libya’s business and investment environment revealed

finance & economy - September 30, 2022

A workshop to present the Libyan Economic and Investment Matrix against several international indicators, and to analyse the challenges and obstacles facing the business environment and the private sector in Libya was held in Tripoli on Monday.

The studies, made in cooperation with economic experts, were based on data and surveys that included more than 600 private Libyan companies as part of the European Union for the Private Sector in Libya (EU4PSL) project funded by the European Union.

In his opening speech at the event, Mohamed Hwej, the Minister of Economy and Trade stressed the importance of this workshop, which falls among the priorities in his ministry’s strategy to diversify the private sector by improving the business environment and the investment climate, noting the importance of the partnership between Libya and the European Union in all economic, environmental, security and political fields.

Jose Sabadell, the Ambassador of the European Union, pointed out the importance of cooperation with Libya in improving the business environment and investment climate, which is a priority for the European Union to contribute to Libya’s stabilization and increase economic cooperation and joint investment. He stressed the European Union’s commitment to continue supporting Libya in the areas of energy, green economy and economic diversification.

libyaherald



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