🇱🇾LibyaNorth Africa
Tripoli to host second Libya Real Estate Investment Exhibition Sphere Expo 2026
via Libya Herald2 min read
Tripoli will host the second Libya Real Estate Investment Exhibition, Sphere Expo 2026, from May 10-12, 2026, at the Lancaster Tower Hotel. Organized by ADD Events in partnership with Ego Real Estate Investment, the exhibition will showcase real estate projects and address opportunities and challenges in the Libyan real estate market. The event aims to strengthen cooperation between local and regional sectors, with participation from developers in Libya, Egypt, Oman, and other GCC countries. Visitors can explore diverse projects with flexible payment options for investment or ownership in Libya and abroad. Dialogue sessions will cover urban development, legal frameworks for investment, and regional cooperation in the Libyan real estate market. Ghaleb Al-Giblawi, General Manager of ADD Events, stated that Sphere Expo 2026 promotes organized real estate investment in Libya, fostering cooperation and investor confidence. He added that the exhibition serves as a platform for dialogue and investment, contributing to the future of real estate development in Libya, particularly through strategic public-private partnerships.
Free daily or weekly digest of the most important stories from across 18 African countries. No spam, unsubscribe any time.
This summary was AI-generated from a story originally published by Libya Herald.
Must ReadLibya’s National Oil Corporation NOC and American oil giant Chevron have signed a Memorandum of Understanding MoU to jointly study the potential of unconventional shale oil and gas resources in Libya. The study will focus on the Sirte, Murzuq, and Ghadames sedimentary basins, with technical teams from both entities analyzing data to assess development opportunities. Estimates suggest Libya holds approximately 123 trillion cubic feet of gas reserves and 18 billion barrels of oil reserves. NOC Chairman, Masoud Suleiman, stated that this MoU is a significant step, aiming to bolster national reserves and enhance Libya’s role in energy markets. He noted this is the first joint study in Libya to assess unconventional resources. A key aspect of the agreement is the collaboration between Libyan and Chevron staff, which is expected to provide valuable practical and technical development for Libyan cadres in this field.
Must ReadThe Central Bank of Libya CBL has issued new instructions to banks in Libya, loosening foreign currency controls. A leaked letter dated April 28, addressed to all General Managers of banks, indicates that the CBL now permits banks to accept cash deposits and incoming foreign currency transfers. Banks can use these funds for direct transfers within the country and for external transfers. Additionally, the new directives allow banks to open letters of credit, issue and load Visa and Mastercard cards, and facilitate fast transfers via Western Union and MoneyGram. These measures are intended to strengthen the Libyan dinar on the black-market foreign exchange, undercut currency speculators, and are part of the CBL’s broader economic reform efforts.
The Tripoli Chamber of Commerce, in collaboration with the Commercial Attaché of the Spanish Embassy in Tripoli, announced the organization of bilateral business meetings B2B for 11 May at the Chamber’s Tripoli headquarters. These meetings aim to connect Libyan companies with their Spanish counterparts to foster commercial partnerships and open new communication channels between the two nations. Targeted sectors for these B2B meetings include food industries, household insecticides, engine oils and lubricants, medium voltage electrical equipment, tobacco, and construction equipment and industrial machinery. This initiative follows recent developments such as MedSky airlines commencing direct flights between Tripoli and Madrid on 21 April, and the Libyan Spanish Business Forum held in Madrid from 23 to 24 April.
The Danish Chamber of Industry and Libya’s General Union of Chambers have signed a Memorandum of Understanding to strengthen economic cooperation and activate bilateral partnerships. This agreement aims to contribute to economic development and serve the interests of both countries. The signing occurred during an official visit by a delegation from the General Union of Chambers, led by its President Mohamed Raied, to Denmark. The delegation arrived in Copenhagen on April 26 and was received by members of the Libyan Embassy in Denmark. The General Union stated that the visit is part of efforts to strengthen international economic relations and expand cooperation. During a meeting with officials from the Danish Chamber of Industry, opportunities for economic and investment cooperation were explored. The Danish side expressed interest in developing cooperative relations with Libya and establishing effective communication channels for sustainable strategic partnerships. The Libyan delegation provided an overview of Libya's economic developments, highlighting its progress towards stability and attractive investment environment. Mohamed Al-Raied, President of the General Union, also discussed the Union's role as an umbrella organization for Libya's private sector in promoting economic activity and developing the business environment. The General Union of Chambers reiterated its commitment to building international economic relations and enhancing the Libyan private sector's presenc