The Long-Term Investment Portfolio, owned by the Libyan Investment Authority, organized a workshop on Monday to adopt the executive plan for the Strategic Priorities Program of the portfolio, which is intended to be launched through a series of steps and frameworks starting from the current year.
The workshop was attended by the Chairman of the Board and the General Manager of the Long-Term Investment Portfolio, Abdel Fattah Abdel Ghaffar, along with the Chairman of the Board, the CEO of the Libyan Investment Authority, Ali Mahmoud, and the directors of departments at the portfolio and the Libyan Investment Authority, in addition to a consultant from the global company Deloitte.
The workshop was inaugurated by the Chairman of the Board of the portfolio, who summarized the goals of the Strategic Priorities Program, emphasizing their determination to formulate a clear investment strategy for the portfolio and a stable action plan during the year 2024.
Ali Mahmoud expressed his support for the portfolio’s steps, emphasizing the necessity of outlining a tight framework and goals that align with the strategy of the Libyan Investment Authority, pointing to the achievements that the institution has accomplished in the past period.
During the workshop, the Strategic Planning Office presented an executive summary regarding the vision, aspirations, and governance of the Strategic Priorities Program, detailing the high-priority achievements that the portfolio aims to accomplish in the first year of implementing this program. These include enhancing returns from portfolio contributions and activating the asset protection strategy.
The workshop included a presentation by the Program’s Working Group Manager, who summarized the executive plan, the implementation timeline, anticipated risks, and required support.