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Libyan Investment Authority and Oman's OQ Group discuss practical implementation of MoU
via Libya Herald1 min read
Ali Mahmoud Hassan, Chairman and CEO of the Libyan Investment Authority LIA, met with Ashraf Al-Maamari, Chairman of the OQ Group, at the LIA’s Tripoli headquarters. This meeting followed the activation of a Memorandum of Understanding MoU signed between the LIA and OQ Exploration and Production, which took place in the presence of Prime Minister and Chairman of the LIA’s Board of Trustees, Abdel Hamid Aldabaiba. The discussions focused on the practical steps for implementing the MoU's provisions, identifying cooperation priorities, and exploring projects of mutual interest. Both parties addressed the future work plan and coordination mechanisms to translate the MoU into practical projects, aiming to strengthen their investment partnership in the oil, energy, and joint investment sectors. Ali Mahmoud Hassan highlighted this partnership as a significant strategic step, emphasizing the LIA's commitment to developing sustainable cooperative relations through expertise exchange and enhanced joint investment opportunities for long-term economic returns. The next phase will involve technical committees and specialized teams from both sides developing executive programs and identifying economically viable projects for implementation according to clear timetables.
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This summary was AI-generated from a story originally published by Libya Herald.
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