Dbeibah invites Turkish firms to invest in Libya

Dbeibah invites Turkish firms to invest in Libya

April 14, 2021 - 12:13
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Written By: SafaAlharathy

Prime Minister Abdul Hamid Dbeibah has called on Turks to invest in Libya as the country heads for stability and development after years of unrest.

In his speech before the Libyan-Turkish Economic Forum held in Istanbul, Tuesday, Dbeibah stressed his commitment to settling Turkish companies' debts after reviewing and validating their accuracy.

The forum grouped Turkish business leaders besides investors specialized in the fields of energy, construction, and health, in addition to Libyan officials including ministers of economy and trade, finance, oil and gas, planning, industry, housing and construction, local government, and the head of the national electricity company.

The forum debate highlighted the return of Turkish companies to Libya and the challenges faced in this respect, according to a statement by the media office of the Government of National Unity (GNU) Head.

Dbeibah affirmed that the Libyan government plans to revive the construction journey by addressing bottlenecks, completing stalled projects, with Turkish contractors set to play a key role in the process.

The GNU Head expected that the Libyan-Turkish free trade agreement would increase the terms of trade and pave the way for non-double taxation agreements, calling on Turkish investors to open up to the Libyan private sector and hold joint exhibitions and partnership.

PM Dbeibah and Turkish President Recep Tayyip Erdogan chaired the first meeting of the Libyan-Turkish high-level strategic cooperation council, which was held in the presence of several competent ministers from both sides.