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Libya's Minister of Economy Abushiha approves new foreign and joint venture companies to boost investment climate
via Libya Herald5 min read
Libya's Minister of Economy and Trade, Suhail Abushiha, approved the formation of four new foreign and joint venture companies on April 16. This move aims to support the investment climate in vital sectors and stimulate the entry of foreign and joint ventures into the Libyan market. The Ministry stated that this initiative is part of efforts to enhance the business environment, increase confidence in the national economy, and simplify procedures for investors, thereby supporting investments and revitalizing various economic sectors. The approved companies include new branches for Tunisian and Italian firms, and extended registrations for Russian and Chinese companies. This development follows a meeting on April 13, where a Libyan government team, led by Minister Abushiha, discussed enhancing foreign investment attraction and reviewing progress on investment climate reform measures, including a unified digital window for foreign company registration.
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This summary was AI-generated from a story originally published by Libya Herald.
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