Latest news with #Libyan-ItalianEconomicForum
Libya Observer
2 days ago
- Business
- Libya Observer
The Italian-Libyan Chamber of Commerce intends to open a branch in Benghazi
The president of the Italian-Libyan Chamber of Commerce, Nicola Colcci, has said that the chamber intends to open an office in Benghazi to work closely with local business representatives. "We are working in great harmony with Libyan institutions," Colicci explained to the Italian Nova Agency. He explained that the goal is to establish cooperation between Italian and Libyan small and medium-sized companies to develop a joint business network and exchange technologies and expertise to access African markets that Libya has already reached. Benghazi is preparing to host Italian companies interested in expanding into Libya as part of the Libyan-Italian Economic Forum, scheduled to take place from June 24 to 27, according to Italian media. Economy Tagged: Italian-Libyan Chamber of Commerce Italy
Libya Review
3 days ago
- Business
- Libya Review
Over 100 Italian Companies to Attend Libya Investment Forum in Benghazi
Benghazi is preparing to host a major Libyan-Italian Economic Forum from June 24 to 27, signaling renewed interest among Italian companies in investing in eastern Libya. Organized by the Italian-Libyan Chamber of Commerce in partnership with Libya's Reconstruction and Development Fund, headed by Belgassem Haftar, the forum comes just after Libya's House of Representatives approved a long-awaited development budget. According to Nicola Colicchi, president of the Italian-Libyan Chamber of Commerce, the event reflects growing economic confidence in the region. Despite ongoing instability in western Libya, he noted that eastern Libya is offering a more stable environment for investment. Colicchi, a seasoned entrepreneur with deep knowledge of Libya's markets, emphasized that Italian goods and services remain highly valued in the country. Italian participation is expected to be broad, with over 100 companies registered to attend. These firms represent a wide range of sectors, including construction, infrastructure, engineering, healthcare, urban planning, logistics, agriculture, energy, and tourism. The initiative aims to facilitate direct partnerships between Libyan institutions and experienced Italian companies with a strong record of delivering in complex markets. The forum also serves as an entry point to wider African markets. Colicchi described Cyrenaica (eastern Libya) as a strategic hub, connecting Europe with sub-Saharan Africa. He also praised Italy's recent diplomatic engagement, noting that Prime Minister Giorgia Meloni remains the only European leader to have visited Benghazi in recent years. Colicchi identified Belqasem Haftar as one of Libya's most important economic actors, citing his leadership in post-crisis reconstruction and his supervision of public investment projects in Derna and other cities. The Reconstruction Fund, he said, is becoming a reliable partner for foreign investors seeking long-term opportunities in Libya. Tags: benghaziInvestment ForumItalian Firmslibya
