Tripoli— An agreement to organize a major investment summit in Tripoli in May next year has been signed between the Libya Ministry of Communication and Political Affairs (MCPA) and Forbes Middle East on 23 December 2024.
Libya is moving ahead with the process of reconstruction in all fields that has been delayed since 2011. In order to catch up with many lost decades, the country seeks to decide on major projects in transportation, airports, seaports, oil and gas, housing, tourism, agriculture, health and education facilities among many others.
According to Forbes Middle East, “the summit represents a pivotal moment for the country to position itself as a leading destination for investment, showcasing opportunities for sustainable growth and fostering crucial dialogue between Libyan stakeholders and global investors.”
The partnership agreement is the first for Forbes Middle East in Libya that it says will provide the publication a “unique opportunity” to highlight Libya’s economic potential.
“This partnership with Forbes Middle East is a landmark moment for Libya. It underlines our determination to attract international investment and reinforce Libya’s position as an emerging economic hub,” Mr. Walid Ellafi, Minister of State for Communications and Political Affairs, said as quoted by Forbes Middle East.
Regarding the agreement, Ellafi said “this partnership with Forbes Middle East is a landmark moment for Libya. It underlines our determination to attract international investment and reinforce Libya’s position as an emerging economic hub.”
The investment summit is expected to bring together renowned speakers, industrialists, investors and decision makers.
Ms. Khuloud Al Omian, CEO and Editor-in-Chief of Forbes Middle East (FME), maintained, “FME is committed to identifying opportunities for growth and collaboration across the region. Hosting the Summit in Libya represents a critical step in supporting the country’s economic ambitions and connecting it with global investors and industry leaders.”
The agreement was facilitated in Libya by JRN Consultancy whose CEO, Ruwaida Abela Northen, was quoted as saying: “We are honored to exclusively represent Forbes Middle East in Libya and proud to lead this transformative initiative. The Summit will open a new chapter for Libya by facilitating global partnerships and driving investment-driven progress.”