logo
Libya Build 2025 opens with 260 leading local and international companies from more than ten countries

Libya Build 2025 opens with 260 leading local and international companies from more than ten countries

Libya Herald13-05-2025

‎The Minister of Housing and Construction, Abu Bakr Al-Ghawi, inaugurated yesterday the seventeenth edition of the Libya Build exhibition at the Tripoli International Fairgrounds, regarded as the most prominent event in the building and construction materials sector in Libya.
‎260 companies from more than 10 countries
This edition will witness a wide participation of 260 exhibitors representing elite local and international companies coming from more than ten countries, including Turkey, Tunisia, Italy, China and Kuwait.
The Ministry of Housing and Construction said this wide participation reflects the growing confidence in the Libyan market and the growth potential in the construction sector.‎
‎The opening ceremony was attended by several Tripoli based ministers and ambassadors accredited to Libya, which, the Ministry added, confirms the importance that the government attaches to this exhibition in supporting development and reconstruction efforts in the country.‎
‎Libya Build is a vital platform that brings together the most prominent companies and specialists in the building and construction materials and derivatives sector, and provides opportunities for cooperation, deals and exchange of experiences, which contributes to advancing urban development in Libya.‎

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Aldabaiba rejects continued spending by eastern Libya government outside the legal budget
Aldabaiba rejects continued spending by eastern Libya government outside the legal budget

Libya Herald

time4 hours ago

  • Libya Herald

Aldabaiba rejects continued spending by eastern Libya government outside the legal budget

‎Tripoli based Libyan Prime Minister, Abd Alhamid Aldabaiba, rejected any parallel paths of public spending outside the legal frameworks. Aldabaiba was responding to the Benghazi based House of Representatives approving on 2 June a budget of LD 69 billion over 3 years (2025 to 2027) for the Libya Development and Reconstruction Fund. The Fund is controlled by the Hafter family and is exempt from any administrative and financial oversight. Aldabaiba was speaking during a meeting at his Tripoli Cabinet Office last Monday (2 June) with several members of the High State Council, ''to discuss ongoing political and economic developments, and follow up on the government's project to extend stability, unify institutions, and protect the national economy from parallel financial tampering''.‎ ‎During the meeting, Aldabaiba stressed the government's categorical rejection of any parallel paths of public spending outside the legal frameworks, warning that these practices impose huge financial burdens on the state that are spent in unreal doors, and then re-compensated through public debt, which practically means ‎‎a deduction‎‎ from the citizen's pocket and an actual reduction in the value of his income.‎ ‎The Prime Minister stressed that the Libyan citizen will not benefit from projects implemented at double prices outside the unified financial system, saying: 'What is the use of projects if they are implemented at double prices and deducted from the citizen's pocket through the public debt?!'‎ ‎In this context, Aldabaiba called on the Speaker of the House of Representatives, Ageela Saleh, to disclose the fate of more than 100 billion dinars spent outside the Public Budget during the past two years, stressing that this demand does not come only as a matter of transparency, but as a direct result of the deterioration caused by this spending in the value of the Libyan dinar, and serious repercussions on the citizen's income and market confidence.‎ ‎The Prime Minister also pointed out that a number of economic experts warned that the adoption of a parallel budget, despite its legal violation, would lead directly to a rise in the exchange rate of the dollar in the parallel market, as a result of the imbalance of financial confidence and increased pressure on reserves, which negatively affects the stability of the currency and the standard of living of citizens.‎ ‎Aldabaiba concluded the meeting by stressing that the national and legal responsibility falls on all institutions to stop this financial haemorrhage, defend the unity of public finances, and maintain the stability of the economy and the Libyan dinar.‎

Agriculture Ministry Undersecretary visits South Korea‎ – discusses establishing tractor factory
Agriculture Ministry Undersecretary visits South Korea‎ – discusses establishing tractor factory

Libya Herald

time22-05-2025

  • Libya Herald

Agriculture Ministry Undersecretary visits South Korea‎ – discusses establishing tractor factory

Within the framework of the official invitation extended by the Korean Foundation for International Relations of the Korean Ministry of Foreign Affairs, the Tripoli based Undersecretary General of the Ministry of Agriculture and Livestock paid an official visit to South Korea from 11 to 17 May 2025. The aim of the visit was to enhance cooperation and exchange experiences between Libya and Korea in various fields.‎ ‎The visit included several important technical meetings, the most prominent of which ‎‎was the meeting held at the headquarters of the Korean company TYM for the manufacture of heavy agricultural machinery, where a group of modern agricultural industries produced by the company were reviewed, and ways to benefit the Libyan agricultural sector from them were discussed.‎ ‎Introduction of advanced technologies to Libya The meeting, which was held on 16 May, also dealt with the possibility of supporting the agricultural sector in Libya through the introduction of these advanced technologies, and the Undersecretary expressed interest in the idea of investing in a tractor factory in Tripoli's Tajura Industrial Zone, provided that the technology is transferred from the Korean company to Libya. The Ministry of Agriculture reported that the idea was welcomed by the company's CEO, who promised to study the proposal and submit it to the company's senior leadership.‎ ‎The technical committee participating in the meeting expressed its approval of the idea, and it was agreed to continue coordination in this direction.‎ Tags: agriculture agricultural farming farmersKorea Koreantractor

Acting Minister of Oil and Gas meets Shell delegation to discuss future partnership opportunities
Acting Minister of Oil and Gas meets Shell delegation to discuss future partnership opportunities

Libya Herald

time21-05-2025

  • Libya Herald

Acting Minister of Oil and Gas meets Shell delegation to discuss future partnership opportunities

‎The Acting Minister of Oil and Gas, Khalifa Abdel Sadig, held a meeting yesterday with a senior delegation from Shell to discuss prospects for cooperation and investment opportunities in the Libyan oil and gas sector, especially in the fields of exploration and production and the expansion of strategic partnerships.‎ ‎The Shell delegation included Andrew Smith, Head of Trading, Eugene Oakberry, Executive Vice President, Exploration and Portfolio, Thomas Gerges, Head of Corporate Relations for the Middle East and North Africa, Tarek El Hassan, General Manager of Trading, and Alex Battalia, Director of Business Development.‎ ‎During the meeting, the minister stressed‎ Libya's openness to cooperation with major international companies and the importance of investing in the development of fields, increasing production and transferring technology, which contributes to achieving the country's goals in enhancing economic stability and developing national resources.‎

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store