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🛒 تسوق الآنLibyan-Egyptian Talks Launch Joint Industrial Projects to Boost Bilateral Trade
Libyan-Egyptian Talks Launch Joint Industrial Projects to Boost Bilateral Trade
Tripoli and Cairo advance economic integration with new industrial and mining cooperation agreements
Libya's Minister of Industry and Minerals, Mohamed Abdel-Qader, held high-level discussions with Egyptian Ambassador to Libya, Tamer Al-Hafni, to accelerate joint industrial and investment projects between the two neighbouring nations. The meeting focused on strengthening bilateral cooperation in industry, mining, and manufacturing sectors.
The talks come at a time when both countries are seeking deeper economic integration, with Libya looking to rebuild its industrial base and Egypt positioning itself as a key investment hub for Libyan capital. According to sources close to the discussions, several concrete proposals were put forward for joint ventures in heavy industries, construction materials, and mineral extraction.
Egyptian Industries Exhibition Set for Tripoli International Fair
A major outcome of the renewed partnership is an agreement to stage the Egyptian Industries Exhibition at the Tripoli International Fair. The exhibition aims to connect Egyptian manufacturers directly with Libyan buyers and investors, deepening private-sector industrial cooperation across multiple sectors.
The event is expected to feature dozens of Egyptian companies showcasing products ranging from construction materials and petrochemicals to food processing and heavy machinery. Libyan business leaders have welcomed the initiative, viewing it as a vital step toward reactivating Libya's manufacturing capacity after years of disruption.
Libya Positions Egypt as Hub for Foreign Investments
In a parallel development, Dr. Ashraf Badr, Chairman and General Manager of the Libyan Investment Authority (LIA), confirmed that Libya is steadily advancing a strategic economic partnership with Egypt. He indicated that the upcoming phase will witness renewed momentum in joint investments between the two countries.
"Libya is making steady progress towards developing a strategic economic partnership with Egypt," Dr. Badr said. He noted that the LIA is exploring opportunities to use Egypt as a regional hub for Libyan foreign investments, leveraging Egypt's established infrastructure and access to global markets.
North African Economic Integration Gains Momentum
The Libyan-Egyptian industrial discussions are part of a broader pattern of North African economic integration. Both nations have been participating in the North African Integration Forum and other multilateral platforms aimed at harmonizing trade policies and reducing barriers to cross-border investment.
Economic analysts point out that stronger Libyan-Egyptian ties could serve as a catalyst for wider regional cooperation. With Libya's vast natural resources and Egypt's industrial and logistical capabilities, the complementary nature of the two economies presents significant opportunities for sustained growth.
Reconstruction and Industrial Revitalisation Drive
The industrial cooperation push is also tied to Libya's post-conflict reconstruction efforts. Egyptian construction and materials companies are well-positioned to supply Libya's rebuilding needs, estimated at billions of dollars in infrastructure, housing, and utilities over the coming decade.
Libyan officials have emphasised that joint industrial projects would prioritise local manufacturing and job creation, reducing reliance on imported goods. The government is offering incentives for foreign partners who establish production facilities inside Libya, creating employment for Libyan workers and transferring technical expertise.
The discussions between Minister Abdel-Qader and Ambassador Al-Hafni signal a practical shift from diplomatic rhetoric to actionable projects. Both sides agreed to form technical working groups to fast-track priority initiatives, with a follow-up meeting scheduled within the next two months to review progress.
— Libya Press / Politics Desk
