The Minister of Economy and Trade in the Government of National Unity, Mohamed Al-Huwaij, called on Egyptian companies to enter the Libyan market through participation with Libyans and the establishment of factories within the Libyan state’s territories to achieve economic partnership according to the available opportunities in Libyan legislation related to investment and trade.
This came during a meeting held by Al-Huwaij at the Libyan Embassy in Cairo with leading Egyptian companies in various fields of commercial, industrial, agricultural, and service activities interested in the Libyan market, in the presence of the Libyan Charge d’Affaires, Mohamed Abdul Ali, the Minister’s Advisor, Shatha Al-Sayid, the Director of Foreign Trade and International Cooperation Department, Essam Al-Malhoof, the Assistant Commercial Attaché, Mohamed Qalissa, and the Minister’s Office Director, Wissam Iltif.
Al-Huwaij emphasized that Libya, with its capabilities and strategic location, is considered a basis for launching into the African market, which requires the establishment of a long-term Libyan-Egyptian partnership that serves the interests of both countries and achieves the desired economic integration and development.
Many Egyptian companies expressed their interest in establishing factories to exploit fishery resources, desalinate water, and treat petroleum wastewater, as well as in the fields of furniture manufacturing, cotton clothing, contracting, and environmentally friendly organic agricultural pesticides.
