By Sami Zaptia.
London, 14 October 2021:
Abdalla Fellah, the Chairman of the Libyan Business Council (LBC), attended a meeting yesterday held with Al-Yam Holding Group at the Bab Al-Bahr Hotel in Tripoli, within the framework of LBC support for partnership investment programmes between the private and public sectors (PPP).
During the meeting, Al-Yam Group made a visual presentation on the investment plan for the Grarit Al-Qatif Agricultural Project, which was submitted by the group to the Man-Made River Authority (MMR).
This presentation was attended by the Chairman and members of the Board of Directors of the MMR and a representative of the Ministry of Economy and Trade.
The Yam Group’s project involves using MMR water supply to irrigate produce over an area of more than 6,000 hectares.
Public Private Partnership (PPP)
The idea of the project revolves around participation in investment between the public and private sectors (PPP). It is based on the new acceptance in Libya, post the Qaddafi era, that the state will no longer have the finances to support all the desired projects.
This project aims to implement and operate an agricultural-animal service project in Grarit Al-Gatif in the Bani Walid area.
The project aims to achieve several economic and social goals, foremost of which is contributing to achieving economic diversity, creating Job opportunities, localizing spatial development, expanding the scope of the green belt, limiting desertification, raising the efficiency of human capital and increasing economic growth.
PPP one of LBC’s strategic goals
The LBC said that PPP is one of the strategic goals it seeks to activate and help in drawing up and implementing sustainable development plans for. PPP helps stimulate economic growth and implement infrastructure projects and provide the necessary funding to implement projects through the private sector.