Libya Business News
Sunday, June 4, 2023
  • Security
  • Oil & Gas
  • Industry
  • Politics
  • Construction
  • Finance
  • Tenders
  • Transportation
  • Videos
No Result
View All Result
Libya Business News
  • Security
  • Oil & Gas
  • Industry
  • Politics
  • Construction
  • Finance
  • Tenders
  • Transportation
  • Videos
Libya Business News
No Result
View All Result
Home Construction & Engineering

Libya Invites Egyptian Investors to Aid Reconstruction

23rd October 2012
in Construction & Engineering, Industry & Trade
Libya Invites Egyptian Investors to Aid Reconstruction
Share on FacebookShare on Twitter

The head of the Libyan Chamber of Commerce, Idris Omran, has invited Egyptian companies to visit Libya and to identify investment opportunities in the country’s reconstruction plan.

According to a report from Al-Ahram, he said the $65-billion plan will be executed within 10 years.

Omran was visiting Cairo at invitation of the Egyptian Chambers of Commerce Union, and said that despite the economic hurdles faced by the two countries, more than 80% of the products circulating in the markets of Libya’s eastern district are Egyptian.

"Actually, Egypt has no competitors in the Libyan market", he added.

Omran also confirmed that the Libyan Chambers of Commerce Union will provide a pre-briefing to their Egyptian counterparts to explain the business opportunities and the new investment laws before the Egyptian visit to Libya.

He said the visa process must be very meticulous for labourers, but that there are no barriers facing businessmen; the union, he continued, is committed to eradicating any difficulties.

Mohamed El-Masry, the vice president of the Egyptian Chambers of Commerce Union, said Egypt has a competitive advantage in construction and infrastructure due to the competency, the good prices and the past experience of Egyptians, but it may face competition from Turkey, which is also present in the region.

(Source: Daily News Egypt)

Tags: Chamber of CommerceEgypt

Latest News

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

4th October 2021
Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

22nd March 2021
Latest Oil Tenders

Latest Oil Tenders

16th March 2021

Recent News

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

4th October 2021
Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

22nd March 2021

Categories

  • Security
  • Oil & Gas
  • Industry
  • Politics
  • Construction
  • Finance
  • Tenders
  • Transportation
  • Videos

Menu

  • Home
  • About Us
  • Contact

Join our mailing list!

Sign-up to receive email updates on the latest news and developments.





© 2021 Libya Business News - Your Libyan business news partner

No Result
View All Result
  • Security
  • Oil & Gas
  • Banking & Finance
  • Politics
  • Industry & Trade
  • Construction & Engineering
  • Investment
  • Tenders
  • Transportation
  • Videos
  • Contact Us

© 2021 Libya Business News - Your Libyan business news partner

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “I Agree”, you consent to the use of ALL the cookies.