The Libyan Investment Authority (LIA) has sealed a deal with its Greek counterpart "Enterprise Greece" to enhance cooperation in renewable energy, investment, and training fields.
The memorandum of understanding was inked on Sunday by the LIA's head Ali Mahmoud and the Greek Secretary-General of International Economic Relations in the presence of officials and diplomats from both sides.
According to a statement by the LIA, the memorandum provides for opening new horizons for cooperation with international organizations and institutions with a view to encouraging international investors in entering the Libyan market and, in turn, enable Libyan investments in the European and international arena.
Under the MoU, the two sides will work to promote investment in the field of renewable energy, exchanging experience, and empowering and training Libyan cadres, the LIA explains.
Economy
