No Result
View All Result
Tuesday, March 28, 2023
17 °c
Tripoli
17 ° Wed
17 ° Thu
21 ° Fri
22 ° Sat
  • Advertising
  • Contact
LibyaHerald
 
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

Italian-Libyan economic forum to be held in Tunis

byMichel Cousins
June 2, 2021
Reading Time: 3 mins read
A A
Italian-Libyan economic forum to be held in Tunis

Laico Hotel, Tunis

14
SHARES
60
VIEWS
Share on FacebookShare on Twitter

By Michel Cousins.

Laico Hotel, Tunis

Tunis, 1 June 2021:

On 7-8 June, the Italian-Libyan Business Development Association (ILBDA) is to hold a major networking event in Tunis. Its “1st Economic Forum for Libya” aims to open doors to companies looking to participate in Libya’s reconstruction and, where possible, pave the way to commercial, financial or technical partnerships between and Libyan, Italian as well as Tunisian entities hoping to become involved in projects in Libya.

As of the end of May, according to the ILBDA, some 90 companies are due to take part, as are 40 organisations and representatives from 15 Libyan municipalities.

Founded in 2017, IBLDA’s prime aim, according to its president Sandro Fratini, is to “give new impetus to business relationships and trade between Italy and Libya”.

RELATED POSTS

Italy helps in restoration of Aelia Arisuth / Mithra’s worshipers’ Tomb in Girgarish

Libya and Italy discuss ways to export Libyan fish directly to the EU

The ties are longstanding and of major importance to both countries but they have gone through challenging times during the past decade. Until the 2011 revolution, Libya was Italy’s fifth largest supplier (almost entirely oil and gas) and its top market in Africa. Italy was also a major investor in the country – the third largest European investor.  There were over 100 Italian companies present in Libya.

The disruption and conflict since 2011 resulted in significant swings in the value of bilateral trade in recent years. In 2017 and 2018 Italy was Libya’s biggest trading partner, but it slipped behind China and Turkey in 2019, both in the volume of exports and imports.  But despite the continuing challenge from Turkey there remains a strong urge among Libyans to “buy Italian”, whether it is an industrial project or fashion goods.

That is what ILBDA and the forum looks to build on. Business links, trade, the reconstruction of Libya and new projects there are now the main focus in Italian-Libyan relations. That was seen in the business promotion conference organised by the Italian foreign ministry to coincide with the visit to Rome on 31 May by Prime Minister Abd Alhamid Aldabaiba and his top-level delegation, and the Rome visit and conference will have given an added boost to the ILBDA event on 7 June. But even before that, following the launch in March of the Government of National Unity headed by Aldabaiba, there were two visits to Tripoli by Italian Foreign Minister Luigi Di Maio, one by Prime Minister Mario Draghi and one to Rome by Libyan Foreign Minister Najla Al-Mangoush;  all saw calls for greater Italian commercial and industrial engagement in modernising Libya.

In the Libyan side, there is particular interest in talking to Italian companies in the medical and hospital sectors in order to rebuild the Libyan health system.  Fratini also sees significant potential for Italian input in regard to new technologies in Libya, notably companies specialising in digital innovation.

Questions have been asked why the forum is being held in Tunis and not in Tripoli, given the growing stability that has accompanied the change in government in Libya. Fratini points out, though,  that not only is Tunis still the main transit axis between Italy and Libya, there is also a potential economic and commercial synergy between the three countries, based on Italian know-how, Tunisian labour skills and costs and Libyan requirements and investment capacity.

“At the moment, Tunis remains an obligatory stop pending the reopening of Italian flights to Libya. For logistical reasons, in the current circumstances, it is easier to organise meetings in Tunisia. Neither Libyans nor Italians need an entry visa.”

As to the synergy, the Tunisian-Libyan part of it was on show last week with the Libyan Tunisian Economic Forum that took place in the Libyan capital on 23-25 May and drew over 1,200 Tunisian participants.

According to  Ashraf Tulty, ILBDA’s co-founder and vice-president, the forum will not only look at potential economic partnership and foreign investment ideas, the discussions are also intended “to complement analyses of current financial changes with new ideas and suggestions to scale-up cooperation between the three Mediterranean countries”. Particular attention, he said, would be paid to the role that business leaders and civil society can play in bringing about prosperity and political stability. Libyan mayors, he  added, would give overviews of their municipalities’  needs and of the chances of cooperation between the public and private sectors.

The 1st Economic Forum for Libya: “Together We Go Further”  takes place at the Laico Hotel, Tunis, on 7-8 June.

 

Ahead of its event in Tunis this June, the Italian-Libyan Business Development Association (ILBDA) visits Misrata | (libyaherald.com)

The Italian-Libyan Business Development Association announces the First Economic Forum for Libya, Tunis 7-8 June 2021 | (libyaherald.com)

The Italian-Libyan Business Development Association is launched in Tripoli | (libyaherald.com)

 

Tags: featuredILBDAItaly
Share6Tweet4Share1

Related Posts

Ministry of Industry discusses creation of technology and industry hub with Renewable Energy Centre
Business

Libya discusses with Chinese companies return to work

March 27, 2023
Egyptian consortium to start implementing Third Ring Road project within days: HIB head Ajaj
Business

Egyptian consortium to start implementing Third Ring Road project within days: HIB head Ajaj

March 27, 2023
Benghazi Coding Academy preparing to open to provide youth with digital skills
Business

Benghazi Coding Academy preparing to open to provide youth with digital skills

March 27, 2023
Misrata Free Zone prepares 565 hectares for use by investors for their projects
Business

Misrata Free Zone prepares 565 hectares for use by investors for their projects

March 26, 2023
Libyan Air Ambulance Service contracts to buy three new Bell helicopters
Business

Libyan Air Ambulance Service contracts to buy three new Bell helicopters

March 26, 2023
Tripoli Chamber invites investment proposals for its buildings
Business

Tripoli Chamber of Commerce to lead delegation to Brazil’s APAS food show

March 26, 2023
Next Post
Libyan Economy Minister participates in Algerian Libyan Economic Forum 29-31 May

Libyan Economy Minister participates in Algerian Libyan Economic Forum 29-31 May

Libya and Algeria agree to resume flights, reopen land borders and launch maritime lines

Libya and Algeria agree to resume flights, reopen land borders and launch maritime lines

 

Advertise on LibyaHerald

Reach thousands of our site visitors daily

240 x 400px

Advertise Here
ADVERTISEMENT

Top Stories

  • Big Chefs Turkish restaurant chain opens its first branch in Tripoli – the first in Libya and Africa

    Big Chefs Turkish restaurant chain opens its first branch in Tripoli – the first in Libya and Africa

    317 shares
    Share 130 Tweet 78
  • Al-Sahl Group opens one of the largest factory complexes in Africa

    59 shares
    Share 24 Tweet 15
  • Libya generates 8,200 MW of electricity for the first time ever: GECOL

    158 shares
    Share 64 Tweet 39
  • Historic inclusive JMC 5+5 tripoli meeting – raises hope for elections and permanent peace?

    52 shares
    Share 21 Tweet 13
  • REAoL delegation visits renewable energy firm Infinity in Cairo

    49 shares
    Share 20 Tweet 12
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

Historic inclusive JMC 5+5 tripoli meeting – raises hope for elections and permanent peace?

Libya discusses with Chinese companies return to work

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    No Result
    View All Result
    • Login
    • Sign Up
    • Cart
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Sign In with Facebook
    Sign In with Linked In
    OR

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Sign Up with Facebook
    Sign Up with Linked In
    OR

    Fill the forms bellow to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
    Are you sure want to unlock this post?
    Unlock left : 0
    Are you sure want to cancel subscription?