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Libya Herald
3 days ago
- Business
- Libya Herald
Egyptian investments in Libya exceeded US$ 2.5 billion, surpassing for the first time Libyan investments in Egypt
Egyptian investments in Libya exceeded US$ 2.5 billion, surpassing for the first time Libyan investments in Egypt, Ahmed Al-Wakeel, President of the General Union of Egyptian Chambers of Commerce said. Al-Wakeel was quoted by various Egyptian media outlets speaking during the Fourth Edition of the Libyan Egyptian Business Forum held in Alexandria, Egypt last Saturday (19 July) under the slogan: 'Egypt and Libya towards sustainable and integrated development'. 511 Libyan companies in Egypt contributing EGP 4 bn Al-Wakeel revealed that there are currently 511 Libyan companies in Egypt, with an issued capital of EGP 4 billion and an actual contribution of EGP 2.4 billion. Libyan investments in Egypt down by 25 percent He lamented the fact that Libyan investments in Egypt had declined by 25%, and proposed that this requires reactivating the role of the Libya Foreign Investment Company and Libya's investment portfolio. Al-Wakeel said it is necessary to integrate Egyptian expertise and Libyan investments to launch projects in various fields. He demanded the return of more than 2 million Egyptian workers to Libya to participate in reconstruction and comprehensive development efforts. Egyptian companies implementing US$ 5 bn in Libya On the other hand, he celebrated the fact that Egyptian companies have recently implemented major projects in Libya worth more than US$ 5 billion, including infrastructure projects such as the Third Ring Road, power stations, and housing. He said bilateral cooperation should go beyond launching regional partnerships in African and Gulf markets. Al-Wakeel revealed that Egypt has completed studies to establish a global logistics centre in the plateau area near the Salloum port, to support intra-trade and exports to neighbouring countries. Transit trade: Red Sea to the Atlantic Ocean He stressed thatit is important to implement what he called ''the pivotal road'' from southern Egypt through southern Libya to Chad, and from there to Dakar, to connect the Red Sea with the Atlantic Ocean. . Benghazi Chamber of Commerce participates in Libyan Egyptian Business Forum in Alexandria More than 34 Egyptian companies establishing a company in Libya to establish an industrial city in Libya More than 25 Egyptian companies to invest in Libya and participate in reconstruction projects Libyan Egyptian Industrial Trade Forum opens in Benghazi Libyan Egyptian Economic Forum held in Tripoli from 13 to 14 October Benghazi based Libyan Egyptian Paper Industries Company is preparing to resume operations The Libyan Egyptian Trade Forum will be held in Benghazi from 23 to 26 February
Libya Herald
3 days ago
- Business
- Libya Herald
Benghazi Chamber of Commerce participates in Libyan Egyptian Business Forum in Alexandria
Benghazi Chamber of Commerce participated in the Fourth Edition of the Libyan Egyptian Business Forum in Alexandria, Egypt (19 July) under the slogan: 'Egypt and Libya towards sustainable and integrated development'. Benghazi Chamber reported that the forum witnessed a high attendance of leaders of the public and private sectors, where participants discussed the prospects of economic cooperation and the role of the private sector in supporting stability and development. Further, it affirmed that its participation comes within its strategic vision to enhance regional cooperation, empower the private sector, and expand the horizons of international partnerships that serve the national economy. . More than 34 Egyptian companies establishing a company in Libya to establish an industrial city in Libya More than 25 Egyptian companies to invest in Libya and participate in reconstruction projects Libyan Egyptian Industrial Trade Forum opens in Benghazi Libyan Egyptian Economic Forum held in Tripoli from 13 to 14 October Benghazi based Libyan Egyptian Paper Industries Company is preparing to resume operations The Libyan Egyptian Trade Forum will be held in Benghazi from 23 to 26 February
Libya Review
13-07-2025
- Business
- Libya Review
Libya's Benghazi Chamber Gains Global Quality Accreditation
The Benghazi Chamber of Commerce, Industry, and Agriculture has officially received the ISO 9001:2015 certification for Quality Management Systems, becoming the first commercial chamber in Libya to achieve this international recognition. In a statement, the Chamber said this certification marks the beginning of a new era focused on excellence, efficiency, and sustainable development. The recognition is the result of a far-reaching transformation in the Chamber's internal structure, administrative systems, and operational procedures. These changes have reshaped the institution into an effective, internationally aligned organization capable of responding to the evolving needs of the Libyan economic sector. The Chamber described the certification as a strong indication of Libya's readiness to embrace real institutional transformation and a reassuring signal to the private sector that service delivery is now aligned with international standards. 'This achievement is not just a milestone,' the statement added, 'but a cornerstone for expanding both local and global partnerships with renewed trust and professionalism.' The Chamber emphasized that modernization is no longer optional but an essential national path for improving economic governance and fostering private sector growth. Tags: benghaziBenghazi Chamber of CommerceISOlibya
Libya Herald
15-06-2025
- Business
- Libya Herald
Libyan Italian Forum for Development and Reconstruction to be held in Benghazi from 25 to 26 June
The Benghazi Chamber of Commerce announced that the Libyan Italian Forum for Development and Reconstruction will be held in Benghazi from 25 to 26 June. The event is jointly organised by the Libyan Development and Reconstruction Fund, headed by the Hafter family, and the Libyan Italian Chamber of Commerce. Benghazi Chamber says the forum comes within the framework of strategic partnerships in the development and reconstruction sectors and national efforts aimed at advancing reconstruction and stimulating economic growth by launching this pioneering qualitative initiative represented in organizing the Libyan-Italian Forum for Development and Reconstruction. The initiative is also a practical embodiment of the Libyan state's orientation towards building effective international partnerships, attracting capital and value-added projects in a way that enhances the path of national reconstruction, and consolidates Libya's presence as an attractive destination for investment in the region. Benghazi Chamber says this event represents a pivotal milestone in the Libyan-Italian cooperation process, and a unique opportunity to explore investment and partnership prospects in vital sectors, including infrastructure, energy, services, and technology. It highlights Libya as a promising destination regaining its position as an emerging regional hub for development.
