
China’s Reed Pelagics investment and trade company, also known as Reed Huayin Trading and Investment Company, launched an animal protein manufacturing facility in the Misrata Free Zone on April 21. The launch event was attended by Mohsen Al-Sagoutri, the Misrata Free Zone Chairman, and Bo Ji Qi, the company’s General Manager, alongside officials and representatives from Chinese companies. This project is intended to support food security and economic diversification by investing in food industries and local production. The Misrata Free Zone stated that the initiative will help reduce reliance on imports, enhance supply chain efficiency, and create added value for the industrial sector. The Misrata Free Zone highlights its comprehensive system of diverse investments across oil, industrial, technological, and logistics sectors, supported by advanced infrastructure, a qualified workforce, and high technical and technological capabilities.
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This summary was AI-generated from a story originally published by Libya Herald.

Abdel Latif Al-Taher, the Minister of Agriculture and Livestock, attended the Zero Waste International Forum in Istanbul, Turkey, on June 5. The forum is a significant global event focused on transforming the relationship between humans, resources, consumption, and environmental protection. During his address, the Minister highlighted food security as a major global challenge, noting that post-production losses and agricultural waste negatively impact national economies and food supply chains. He stated that the Tripoli-based Libyan government prioritizes food security through policies supporting local production, improving supply chain efficiency, and reducing agricultural losses to enhance resource sustainability and ensure stable food for citizens. Organized by the Zero Waste Foundation, the forum gathered over 5,000 high-level participants from more than 180 countries, including over 120 ministers and 200 mayors, alongside representatives from international organizations, experts, academics, the private sector, and environmental groups. Its objective is to advance international efforts to reduce waste, particularly food loss, and foster a sustainable, waste-free future.

Libyan Prime Minister Abdel Hamid Aldabaiba issued Decree No. 298 of 2026, establishing the General Directorate for Industrial Regulation within the Ministry of Industry and Minerals. This new directorate aims to enhance the Ministry's capacity to fulfill its legal responsibilities, solidify sustainable development, and diversify the national economy, aligning with the state's strategic vision. Its responsibilities include granting industrial licenses, maintaining the Industrial Registry, organizing statistical codes for industrial activities, and preparing a National Industrial Map to identify investment opportunities and guide project distribution for spatial development. The Ministry of Industry and Minerals, including Minister Mohamed Abdel Gader and Undersecretary Mustafa Al-Samou, expressed appreciation to Prime Minister Aldabaiba for his support and confidence, committing to translate this trust into practical achievements for the national industry.

Naji Issa, Governor of the Central Bank of Libya, participated in the France-Libya-France Finance Forum in Paris. The forum brought together officials and representatives from financial, banking, and economic institutions from both Libya and France. Discussions focused on enhancing financial and economic cooperation, developing banking and investment partnerships, international financial connectivity, and innovation in financial services. The event also aimed to expand cooperation between Libyan and French banking institutions. These meetings are crucial for fostering direct dialogue, strengthening mutual trust, and clarifying the state of Libya's banking and financial system. This collaboration is expected to support economic and investment cooperation and facilitate more effective partnerships in the financial and banking sectors between the two countries.