First Published: 2010-02-18

Tripoli urges European investment in Libya

In heat of Swiss relation crisis, Libya invites Europeans to invest in its economy.


Middle East Online

TRIPOLI - The Head of the Privatization and Investment Board of Libya called Thursday on European Union investors to invest in the North African country.

Dr. Jamal Al Nuesri Al Lammouchi, General Secretary of the Directive Committee of the General Board of Privatization and Investment, called on European investors to attend an international summit in Tripoli.

The event is set to take place on 30th to 31st of March 2010, under the slogan "A land of challenges and untapped opportunities."

It is organized by EUROCONVENTION, with local support from SKY ITR and co-organized under the auspices of General Board of Privatization and Investment.

"I take this opportunity to invite you to participate and to contribute to the Summit's objectives in order to experience what strides Great Jamahiriya has made in the last years in terms of economic development and the positive and changing climate for investments, improved laws with easy access to exploit opportunities," said Lammouchi.

"The execution of important and large-scale infrastructure projects, the creation of free trade zones need to be considered in investment strategies as do also the strategic position of Great Jamahiriya in North Africa with is enormous natural reserves," he said.

"This Summit will be an opportunity to be kept in touch with the very latest proposals by the key Libyan Official Authorities in Great Jamahiriya," he added.


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