Libyan –Turkish conference discusses investment partnership in Africa

finance & economy - November 24, 2022

Tripoli 24 November 2022 (Lana) GNU-Undersecretary of the Ministry of Foreign Affairs and International Cooperation ,Omar Katti, confirmed that the Government of National Unity ”GNU” has set a new approach for the return of investment inside Libya and Africa in order to achieve aspirations of Libya and its regional and international partners.

Katti stated that the first conference for investment in Africa- Libya which was held in Istanbul over 2 days, seeks to establish clear mechanisms for a real and strategic partnership between Libyan investment institutions and Turkish companies as a first stage, provided that this partnership extends to regional and international countries interested in investing in Africa.

He said that Libya’s investments in Africa have exceeded 50 years, which make it a country with special status inside the continent, calling on all the international companies to return to work in Libya and build investment bridges from there to the depth of Africa.

The conference was attended by the Libya Africa Investment Portfolio, the Libyan Company for the Management of Partnership Projects with the Private Sector PPP, Sahel and Sahara Bank, Al-Jumhouria Bank, and the Municipality of Tripoli, which presented some projects to private companies and institutions, whether Libyan or Turkish, such as Rahma Group Holding, and the Turkish companies “ Mosyad and 'Dick'.

The conference witnessed the signing of a memorandum of understanding between the Libyan “PPP” and the “Coolan Group”, on cooperation and investment in health area and provision of services, and another memorandum between the Libyan International Holding Company and “Rahma Group” company, regarding lease and investment of a number of lands owned by the International Holding Company, to start Work as soon as possible.

A memorandum of understanding was also signed between Turkish “Mist Group” and “Rahma Group” Holding Company, regarding the provision of health sector and hospital management.

lana.gov



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