The French Employers Association (Mouvement des entreprises de France / Movement of the Enterprises of France – MEDEF) and the French Libyan Chamber of Commerce are organising the French-Libyan Business Forum on 20 June at MEDEF Paris headquarters.
The event will be co-chaired by Philippe Gautier, Director General of MEDEF International and Jérôme Barthe, President of the French-Libyan Chamber of Commerce.
MEDEF is the largest employer federation in France originally established under another name (CNPF) in 1946. It has more than 750,000 members, 90 percent of which are SMEs with fewer than 50 employees.
Summarising the current state of economic and business affairs in Libya, MEDEF said Libya is still facing weak state institutions and cyclical political tensions. It is struggling to meet its immense economic challenges of rebuilding infrastructure damaged by the civil war and accelerating the process of economic diversification and structural transformation.
Nevertheless, MEDEF said the Libyan market continues to attract foreign investors aware of its immense growth potential.
Proof of this, it explained, is that French companies of all sizes now operate in Libya despite this complicated context, whether in the energy, water, health, construction or ICT sectors. Relying on large, quasi-systemic public companies but also on a particularly resilient private sector, they manage to develop their business flow and invest in promising projects.
The business mission led by MEDEF International to Tripoli in October 2021 confirmed the high expectations of the public authorities and the Libyan private sector towards French companies both in terms of investments and transfers of skills, technologies and the ability to create sustainable jobs in the country, it added.
This France-Libya business forum will bring together representatives of Libyan companies and French companies present in Libya. It will allow participants to have an insight into the political, economic and financial situation in Libya, to gather the experience of French companies in Libya on different sectors and to learn about the main business opportunities on the Libyan market.
French businesses want bigger share of Libya’s reconstruction projects (libyaherald.com)
Franco-Libyan Energy Forum 2020 – Paris, 6-7 February (libyaherald.com)
