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Libya Press
Zliten, a coastal city located 157 kilometers east of Tripoli, is rapidly establishing itself as a key destination for major business and economic conferences in Libya. In recent months, the city has hosted high-profile gatherings that brought together senior government officials, diplomats, and business leaders from Libya and neighboring Tunisia — signaling a new chapter in regional economic cooperation.
The most notable event was the Libya-Tunisia Economic Forum, organized under the auspices of the Zliten Chamber of Commerce, Industry and Agriculture. The forum drew Libya's Minister of Economy and Trade, Mohamed Al-Hwej, alongside the Tunisian Embassy's Chargé d'affaires, Akram Sassi, and Tunisian Commercial Attaché Abdel Razzaq Meddeb. Dozens of businessmen from both countries attended, focusing on expanding trade, industrial partnerships, and agricultural cooperation.
During the First Meeting of Libyan Businessmen and Industrialists held in Zliten, Central Bank of Libya Governor Saddek El-Kaber delivered a significant address on the state of the Libyan dinar and the banking clearing system. He emphasized that the Libyan dinar can regain its value, but only if the country diversifies its income sources beyond oil.
"The Central Bank can increase the exchange rate of the dinar tomorrow if the Libyans want, but this price can only last for about 5 months, then the Libyan state will be forced to borrow externally," El-Kaber warned, pointing to Lebanon and Yemen as cautionary examples. He also insisted that the bank clearing system between eastern and western Libya "has never been closed for a single day," attributing payment delays to accumulated public debt in the eastern region rather than institutional failure.
Zliten's emergence as a conference hub is no accident. The city sits along Libya's vital coastal road connecting Tripoli to Misrata and beyond, making it accessible for delegates from across the country. The Zliten Chamber of Commerce, led by Chairman Jalal Bani, has demonstrated significant organizational capacity in hosting international events.
The city's economic profile is also evolving. With Libya's economy heavily dependent on oil and gas exports — which account for the vast majority of government revenue — events like these conferences represent a tangible push toward economic diversification. The Libya-Tunisia forum specifically aimed to open new horizons for partnership between universities and the business sector, a critical link that has long been underdeveloped in Libya.
For Libyan entrepreneurs and the private sector, Zliten's conference scene represents more than symbolic progress. These gatherings create direct channels for cross-border investment, technology transfer, and trade partnerships — particularly with Tunisia, Libya's western neighbor and a key trading partner.
The presence of senior officials like Minister Al-Hwej and CBL Governor El-Kaber at these events signals government recognition that the private sector must play a larger role in Libya's economic future. With Libya's oil revenues fluctuating and the need for diversification becoming increasingly urgent, the business connections forged at Zliten's conferences could prove instrumental in building a more resilient economy.
As Libya continues to navigate complex political and economic challenges, the fact that cities like Zliten are hosting international business forums is a positive signal. The road to economic stability runs through cooperation, investment, and institutional trust — and Zliten is quietly becoming where those conversations happen.
— LibyaPress / Economy Desk