
Libya Build Exhibition kicks off in Tripoli with participation of 260 companies
The 17th edition of the Libya Build Exhibition opened in Tripoli on Monday, featuring 260 exhibitors representing local companies and others from Egypt, Turkey, Tunisia, Italy, China, and Kuwait.
Libya's Minister of Housing and Construction in the Government of National Unity, Abu Bakr Al-Ghawi, inaugurated the event, which is considered the most prominent in the country's building materials and construction sector, according to a statement by the Ministry on its official Facebook page.
The Ministry said that the wide participation reflects growing confidence in the Libyan market and the potential for growth in the construction and development sector.
According to the statement, Libya Build serves as a vital platform that brings together leading companies and experts in building materials and construction and its derivatives, offering opportunities for cooperation, deal-making, and knowledge exchange — ultimately contributing to driving urban development in Libya. Tags: libya build exhibition
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Libya Observer
2 days ago
- Libya Observer
Dbeibah calls on HoR Speaker to disclose fate of 100 billion dinars spent outside official budget in the past 2 years
Prime Minister of the Government of National Unity, Abdul Hamid Dbeibah, has called on Speaker of the House of Representatives, Aqila Saleh, to disclose the fate of more than 100 billion Libyan dinars that were spent outside the official budget over the past two years. Dbeibah reiterated his government's firm rejection of any parallel public spending paths that fall outside legitimate frameworks. The statement came during a meeting Dbeibah held on Monday at the Prime Minister's Office in Tripoli with several members of the High Council of State to discuss current political and economic developments, monitor the government's stability plan, and address efforts to unify institutions and protect the national economy from what he described as "parallel financial chaos," according to the "Hakomitna" platform on Facebook. During the meeting, Dbeibah warned that these parallel financial practices impose massive burdens on the state, as funds are spent in non-genuine areas and later offset through public debt — effectively deducting from citizens' pockets and diminishing the real value of their incomes. He stressed that the Libyan people do not benefit from projects implemented at inflated costs outside the unified financial system, questioning: 'What's the point of projects implemented at double the cost, only to be paid for through public debt, which comes directly out of citizens' pockets?' The Prime Minister's comments were a direct reference to ongoing HoR discussions regarding the proposed budget for the 'Libya Development and Reconstruction Fund,' headed by Belgassim Haftar and linked to the parallel government in the east. Dbeibah renewed his demand for Aqila Saleh to reveal the fate of over 100 billion dinars spent outside the official budget in the past two years. He emphasized that this demand is not merely about transparency, but a direct consequence of the impact such spending has had on the Libyan dinar's value and the resulting negative effects on citizens' incomes and market confidence. He noted that several economic experts have warned that approving an alternative budget — despite its legal violations — could directly lead to a rise in the dollar exchange rate in the parallel market, due to shaken financial confidence and increased pressure on reserves. This, in turn, threatens currency stability and the standard of living for Libyans. He said that the national and legal responsibility lies with all institutions to halt this financial spending, defend the unity of public finances, and safeguard the stability of Libya's economy and currency.


Libya Observer
2 days ago
- Libya Observer
Dar Al-Wafa Elderly Care Association urges investigation into bank account freeze
The Dar Al-Wafa Elderly Care Association has warned that the freezing of its bank accounts by Jumhouria Bank threatens to halt its operations, preventing the payment of staff salaries and the provision of basic care to residents, raising the risk of a humanitarian crisis. The freeze was reportedly based on a default court ruling in favor of Bariq Libya for Catering Services, a former service provider. Although the Association states that all dues were paid when the contract ended, the company later filed a lawsuit demanding three million Libyan dinars, without informing the Association. Dar Al-Wafa is calling for an immediate investigation into the judgment and its execution, the lifting of the account freeze, and the formation of an independent committee to reassess the case. It also stressed that it operates under the General Authority of the Social Solidarity Fund, and its funds classified as public, which should not be subject to seizure. The Association also noted it was never notified of the legal action, denying it the chance to defend itself. Tags: Dar Al-Wafa Elderly Care Jumhouria Bank


Libya Observer
2 days ago
- Libya Observer
HoR discusses adopting 69-billion-dinar budget for Belgassim Haftar's reconstruction fund
Libya's House of Representatives (HoR) has started discussing a proposed budget of 69 billion dinars over three years—23 billion annually—for the 'Libya Development and Reconstruction Fund,' which is headed by Belgassim Haftar, the son of Khalifa Haftar. The HoR session, held on Monday, was marked by verbal clashes between MPs Ezzedine Qweirib and Issa Al-Araibi. Qweirib called for a review of expenditures and better coordination with construction companies, while Al-Araibi denounced the criticism as obstructive 'grandstanding' in the face of what he described as the unstoppable 'reconstruction train.' MP Ali Bouzreiba also criticized the budget proposal, calling it vague and lacking in clarity. Following the heated exchanges, the live broadcast of the session was cut off. Later, the spokesperson for the House, Abdullah Bliheq, announced that the parliament had agreed in principle to draft the budget for the Reconstruction Fund, but requested clarifications and noted the importance of incorporating MPs' observations. Bliheq added that a parliamentary committee—with one representative from each electoral district—would be formed to meet with the fund's administration to ensure transparency in how the budget would be distributed across Libya's regions. He also noted the formation of a technical committee to study the Libya-Turkey agreement submitted by the parallel government in eastern Libya. Tags: House of Representatives Libya Development and Reconstruction Fund