A meeting was held today, Monday, between the Minister of State for Prime Ministerial and Cabinet Affairs, Mohamed Ben Ghalbon, the Chairman of the Board and Executive Director of the Libyan Fund for Domestic Investment and Development, and representatives of the General Syndicate of Fishermen, to discuss the National Strategy for Marine Fisheries for the period 2027–2037.
Ensuring the sustainable exploitation of Libya’s marine resources
The meeting addressed the strategy's features and objectives, as well as proposed programmes for developing and regulating the marine fisheries sector to ensure the sustainable exploitation of marine resources and enhance the sector's contribution to the national economy.
Improving efficiency and increasing production
Participants also discussed mechanisms for improving the sector's efficiency and increasing its production capacity, in addition to supporting investments related to marine fishing and aquaculture, in line with economic development goals for the coming years.
Aims of the strategy
The strategy aims to increase the value of seafood exports to approximately US$ 100 million annually in its first phase, and to reach 50,000 tons of aquaculture production annually, rising to 100,000 tons by 2037.
Furthermore, the strategy aims to increase the contribution of the blue economy to non-oil GDP to between 3 and 5 percent, and to provide between 10,000 and 15,000 direct and indirect job opportunities.
The preparation of this strategy comes within the framework of the state’s orientation towards taking advantage of the maritime assets that Libya possesses, foremost among them its coasts extending along the Mediterranean Sea, in a way that promotes sustainable development and supports the diversification of income sources.