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Libya participates in Maghreb Friendship and Investment Forum in Tangier
via Libya Herald1 min read
The Maghreb Friendship and Investment Forum, held on June 11-12 in Tangier, Morocco, saw participation from economic institutions, businessmen, and investors from Morocco, Libya, and Tunisia. The event was jointly organized by the Chamber of Commerce, Industry and Services of the Tangier-Tetouan-Al-Hoceima Region, the Libyan Export Development Authority, and the Chamber of Commerce, Industry and Agriculture in the capital Crescent. The National Planning Council also participated, and Libya Insurance Company sponsored the forum, with Libya鈥檚 Out Box International serving as the executive organizer. Officials, economic institution representatives, businessmen, and investors attended the opening ceremony to enhance economic and trade cooperation and explore investment opportunities and partnerships among the private sectors in Maghreb countries. The forum's objectives include supporting Maghreb economic integration, encouraging joint investment, and expanding trade relations through dialogue sessions, business meetings, and presentations on regional investment opportunities.
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The General Union of Chambers of Commerce hosted the Ambassador of India to Libya at its Tripoli headquarters last Wednesday. The meeting focused on enhancing economic and trade cooperation between the two nations. Discussions also covered preparations for an upcoming visit to Libya by an official delegation, led by the Deputy Minister of Foreign Affairs and comprising several Indian business leaders, scheduled for the end of this month. Both parties highlighted the significance of this visit for fostering direct communication between Libyan and Indian business communities, identifying cooperation and investment opportunities, and facilitating expertise exchange to serve mutual interests and support development.
The Libyan Export Development Authority LEDA and the Moroccan Agency for Investment and Export Development AMDIE signed a memorandum of understanding in Rabat, Morocco, to enhance economic and trade cooperation between Libya and Morocco. The agreement aims to develop joint initiatives to support exports and investments and stimulate trade. Mohamed Al-Hangari, Chairman of LEDA, and Ali Al-Siddiqi, Director General of AMDIE, signed the memorandum. Cooperation areas include economic promotion, market research, training, capacity building, exchange of expertise, and support for companies in both countries. The agreement also covers organizing trade fairs, missions, and economic forums, as well as exchanging information and studies related to trade and investment. LEDA stated that the memorandum is part of efforts to expand cooperation opportunities between Libyan and Moroccan institutions and companies, support trade exchange, and open new horizons for exports and investments.
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