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🛒 تسوق الآنLibya launches unified economic number to digitalize business data across all institutions
Libya launches unified economic number to digitalize business data across all institutions
New digital platform to unify economic records under Decision No. 348 of 2026
The Libyan Government of National Unity, led by Prime Minister Abdul Hamid Dbeibeh, has approved the launch of a Unified Economic Number project — a centralized digital system designed to unify data from all economic, commercial, and investment institutions operating across the country.
Published in the official gazette as Decision No. 348 of 2026, the directive authorizes the Ministry of Economy and Commerce to begin implementing the national digital registry, which will assign a unique economic identifier to every registered business entity in Libya. According to the Ministry of Economy and Commerce, the project marks a significant step toward modernizing Libya's economic infrastructure through digital transformation and data governance.
What the Unified Economic Number system will do
The Unified Economic Number will function as a single national identifier for all legally registered economic and commercial entities in Libya. The system aims to consolidate fragmented data that currently resides across multiple government agencies, replacing it with a unified, interoperable digital platform.
Under the new framework, government bodies will link their databases electronically, enabling seamless data exchange and reducing administrative duplication. The Ministry of Economy and Commerce confirmed that the implementation will follow international standards for governance and digital transformation, ensuring data accuracy, consistency, and security across all participating institutions.
National Council to oversee implementation
A dedicated National Council for the Unified Economic Number will be formed to supervise the project's rollout. Chaired by the Minister of Economy and Commerce, the council will include representatives from relevant government agencies and institutions. Its mandate includes approving work plans, setting policies and regulatory standards, and monitoring implementation progress nationwide.
The council's formation reflects the government's intent to institutionalize the digital reform process and ensure cross-ministerial coordination — a critical factor given Libya's complex administrative landscape and the multiplicity of economic oversight bodies.
Boosting transparency and investment climate
The Ministry of Economy and Commerce emphasized that the new system will significantly improve the quality of public services by providing more accurate and timely economic data. This enhanced data environment is expected to support evidence-based policymaking and help create a more transparent business ecosystem.
"The system will contribute to raising the quality of services, enhancing the level of transparency, and providing more accurate information to support economic decision-making," the ministry stated. "It will also help create a more organized investment environment capable of attracting economic activity."
For investors — both domestic and international — the unified registry promises clearer visibility into registered entities, reduced bureaucratic friction, and a more predictable regulatory environment, all of which are essential for capital inflows and private sector growth.
Part of a broader digital transformation push
The Unified Economic Number project is one component of a wider government program aimed at upgrading Libya's digital infrastructure. The initiative aligns with global trends in e-governance and supports Libya's long-term economic reform and sustainable development goals.
The Ministry of Economy and Commerce plans to continue strengthening regulatory tools that help manage commercial activity more efficiently, particularly as economic transactions expand and the need for unified databases becomes more urgent for market planning and investment decision-making.
The move also signals Libya's intent to catch up with regional peers in digital government services, where countries like Tunisia, Morocco, and the UAE have already implemented similar unified business registries with measurable improvements in ease of doing business.
Challenges and next steps
While the vision is ambitious, implementation will require overcoming significant hurdles, including legacy data fragmentation, varying levels of digital readiness across government agencies, and the need for robust cybersecurity frameworks to protect sensitive economic data.
The government has indicated that the rollout will proceed in phases, starting with the establishment of the National Council and the technical architecture, followed by gradual onboarding of institutions. No specific timeline for full operational launch has been announced, but the Ministry of Economy and Commerce confirmed that work is expected to begin immediately following the decision's publication.
— Libya Press / News Desk
