Libya prepares strategic investment map

By Sami Zaptia.

The Tripoli-based Libyan Ministry of Economy.

London, 3 February 2020:

The Ministry of Economy, aligned with the internationally recognized government based in Tripoli, is working on a national investment plan to act as the main investment reference and strategic tool for mobilizing resources and improving the economy. The investment map will also act as a government document summarizing promising opportunities for productive investment in each sector.

The Ministry of Economy also wishes to activate the agreement between it and the Arab Planning Institute regarding the preparation of an investment map based on scientific foundations and based on field studies to identify the sectors and economic activities that are most beneficial to investors and which are in favour of development and progress at the state level,

The Ministry also revealed that it is planning to organize a workshop on the preparation of the investment map in order to explain;

1-The preparation methodology

2- Objectives and outputs

3- Clarification of the investment map’s advantages and contribution to the promotion of sustainable and balanced Libyan development

4-The development of the national economy and increasing GDP

5-Encouraging investment

6-Attracting qualitative investments to the country

7-Transferring technology to enhance the concepts of the knowledge economy

8-Reduce reliance on oil through diversification of sources of income

The Ministry’s statement did not provide a timeline for this project.

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