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Exclusive: Economic Development Council Hosts Libyan Policy Workshop on Entrepreneurship and Innovation

Yesterday, Sunday, the Economic and Social Development Council hosted a workshop on the Libyan policy for entrepreneurship and innovation, as it aims to integrate the actors in entrepreneurship, in the presence of the Minister of Labor and Rehabilitation, Ali Al-Abed, the Minister of Local Government, Badr Al-Din al-Toumi in the Government of National Unity, the Counselor of Cooperation of French Embassy, the Chairman of the Board of Directors of the General Authority for Information, and Director of International Cooperation in the European Union.

During the workshop, Al-Toumi told our source about the importance of the file of entrepreneurship and innovation in Libya, explaining that work has been done on this file since 2005, but it was not properly organized, due to the lack of a unified policy for the overlapping of specializations between state institutions, stressing the existence of this policy will greatly contribute to creating harmony between all sectors and achieving the goals sought by the government.

The Director General of the Economic and Social Development Council, Mahmoud Al-Futaisi, spoke in a special statement to our source about the importance of the Libyan Entrepreneurship Policy Workshop, and the results of the work of a team from the Council ten months ago, which resulted in a regulation organizing this activity, stressing that Libya had no law or legislation with regard to entrepreneurship, explaining that with this regulation, if it is actually approved by the government, it will be a good sign to support the private sector.

The Business and Innovation Policies Adviser, Mohamed Al-Aswad, explained in an exclusive statement to our source, the importance of the workshop for entrepreneurship policy in Libya, from international data indicators and reports with low numbers that need development, stressing that a policy proposal for innovation that needs approval from the government has been prepared, preparing a list of startups for its importance in economic diversification and empowering innovators.

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