Egypt Plans New Industrial Zone in Libya
Helal stated that the visit is still under arrangement, with the number of participants to be determined in the coming weeks. 'The purpose of this visit is to identify promising investment prospects in Libya and discuss potential collaborations across various sectors,' he said.
He expressed optimism about the future of bilateral investments, citing improving political stability in Libya and regional efforts to strengthen economic integration. 'The situation in Libya is moving towards stability, which offers us tremendous opportunities. We are ready to present attractive investment proposals,' Helal added.
Exploring Joint Projects
The Union is particularly interested in sectors such as infrastructure, manufacturing, and energy, which hold significant potential for cross-border cooperation. Helal disclosed that a proposal to establish a new industrial or investment zone is currently under study, though details are still being finalised.
'The Union is prepared to meet with Libyan partners to assess available resources and define the nature of projects that could be implemented,' Helal noted.
A Step Towards Regional Integration
The upcoming visit underscores Egypt's commitment to enhancing trade and investment links with neighbouring countries, with Libya seen as a key partner due to its strategic location and rebuilding efforts. The initiative is expected to pave the way for stronger economic ties, job creation, and broader regional growth. Tags: economyEgyptEgyptian Businessmenlibya
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