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Egyptian business delegation visits Libya on Sunday to explore investment opportunities

A delegation from the Federation of Egyptian Industries (FEI) will visit Libya on Sunday to learn about the needs of the Libyan market, and hold meetings and discussions to explore available investment opportunities.

A member of the Board of Directors of Food Industries Chamber in the FEI Ayman Kara said that investment projects are numerous and not limited to reconstruction only, but also include projects in the food sector and intermediate industries.

The FEI is fully prepared to assist in the reconstruction operations in Libya, following upon a memoranda of joint cooperation signed between Egypt and Libya, as well as in light of the accumulated experiences of Egyptian and Libyan companies in previous projects – especially since there are many Egyptian-Libyan companies with joint investments.

The FEI affirmed its full support for the directions of the Egyptian government to assist Libya in construction and reconstruction operations for the Libyan state.

Egyptian Prime Minister Mostafa Madbouly signed about 11 joint cooperation agreements to enhance bilateral cooperation between the two countries in various fields during his visit to the Libyan capital, Tripoli, in April.

The joint cooperation agreements included a memorandum of understanding on technical cooperation in the field of transportation, a memorandum of understanding on cooperation in the implementation of road and infrastructure projects, and a memorandum of understanding in health and electricity sectors.

Edited translation from Al-Masry Al-Youm

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