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Libya Review
21-07-2025
- Business
- Libya Review
Egypt Plans New Industrial Zone in Libya
The Egyptian Union of Investors' Associations is preparing for an investment-focused visit to Libya within the next two months, aiming to explore opportunities for economic cooperation and joint projects. Dr Moharram Helal, Chairman of the Union, revealed the plans during the Egypt-Libya Business Forum, highlighting growing interest among Egyptian investors to expand into the Libyan market. 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
Al-Ahram Weekly
19-07-2025
- Business
- Al-Ahram Weekly
Egyptian companies executed $5 Billion worth of Reconstruction Projects in Libya: Federation of Egyptian Chambers of Commerce - Economy
Ahmed El-Wakeel, Chairman of the Federation of Egyptian Chambers of Commerce, announced that Egyptian companies have implemented reconstruction projects in Libya valued at over $5 billion. Speaking at the Egypt-Libya Business Forum on Saturday, El-Wakeel noted that Egyptian exports to Libya have surged, surpassing $2 billion. This places Egypt as Libya's top African trade partner and the third-largest Arab exporter after Saudi Arabia and the United Arab Emirates. However, El-Wakeel criticized the decline in Libyan investments in Egypt, which have dropped by 25%, now limited to only 511 companies. These firms have a registered capital of $4 billion, but actual investments amount to just $2.4 billion. In contrast, Egyptian investments in Libya have exceeded $2.5 billion, surpassing Libyan investments in Egypt for the first time. Earlier this month, Libya's Fund for Development and Reconstruction signed two major contracts with Egyptian companies for critical development projects across several Libyan cities as part of reconstruction efforts in cities like Derna and Al-Bayda, which were devastated by Cyclone Daniel in September 2023. Follow us on: Facebook Instagram Whatsapp Short link:
