Wednesday, 19/2/2020 | 3:31 UTC+0
Libyan Newswire

Libya Reconstruction and Investment Forum kicks off in London.

Tripoli, The UK Foreign Ministry sponsored Libya Reconstruction and Investment Forum has been kicked off in London. The forum is aimed at discussing bases of reconstruction in Libya with focus on critical sectors such as oil and gas, health and transport. The forum seen the presence of high level figures, several major companies, financial institutions looking for investment promotion mechanisms, according to the Communications and Media Department of GNA. Vice-president of the Presidency Council, Ahmed Amitiq underlined in his opening speech that economic reform in Libya is linked to three goals; the first of which is fighting daesh, unifying the country, and restructuring investment companies in all fields. Amitiq praised efforts of chairman of National Oil Corporation (NOC) Mustafa Sannaalla who managed to achieve the unification of NOC and brining oil production to 800,000 bpd., unifying Investment authority would contribute to reviving the Libyan economy, he added. Amitiq explained that the security situation for the western area from Serte up to the western borders are secure and have no obstacles or armed conflict, providing the opportunity for reconstruction, underlining the need to unify the country and rallying efforts to eradicate terrorism in Libya. He also underlined that the GNA is endeavouring with a host of experts to find solutions to many problems and foremost electricity. He said the government is focusing on supporting the private sector in reconstruction in Libya in many fields. The forum will discuss power problem, required technology to compensate for the deficit in collaboration with foreign companies, besides gas and oil sector and to look for financing strategic projects related to the sector and developing health and transport services.

Source: Libya News Agency