Libya gets lion’s share of China investments in Africa

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Libya gets lion’s share of China investments in Africa

October 10, 2018 - 14:11
Written by: SafaAlharathy

The head of the Federation of Libyan Chamber of Commerce and Industry, Mohammed Al-Raeid, said that China has allocated 5 billion dollars out of $ 20 billion of its investments in Africa to Libya.

"Libya is still considered a distinctive investment destination," Al-Raeid said in a press statement on the sidelines of the Egyptian-Libyan Business Forum in Cairo Tuesday, noting that he had sensed a desire among the Chinese to expand their investments in Libya during his meetings and contacts with Chinese officials and businessmen.