Thursday, 24 May 2012

Some 600 companies take part in Libya Build international fair

The Libya Build international fair, which is currently being held (20-24 May) has attracted many foreign firms wishing to participate in this wide ranging construction event. At its official opening, Minister of Economy Ahmed Salim al Khoshali welcomed more than 600 companies. Italy's Deputy Minister of Infrastructure and Transport Mario Ciaccia claimed that, with over 130 companies in attendance, his country had the largest representation at the fair.

Belgium, which has been taking a keen interest in Libyan reconstruction, sent some 50 companies. In December 2011, a delegation from the Flanders region was in Libya, and in February 2012, a second delegation arrived headed by Belgium's Minister of Foreign Affairs Didier Reynders.

Similarly, Malta's 20-company delegation followed closely on the April visit of a delegation led by the Malta's Minister of Finance, Economy and Investment.

There was also a Tunisian delegation at Libya Build following bilateral meetings in Tunis on 18 May when an economic and trade MoU was signed by Libya's Minister of Economy and the Tunisian Minister of Finance, Houcine Dimassi. Further details indicate a meeting between Tunisia's Minister of Defence Abdel Karim Zubaid and Libya's Army Chief of Staff General Yousef Mangoush, who discussed border security. Reports that Libya is to supply oil at cut price to boost the Tunisian economy have not been confirmed.

For more news and expert analysis about Libya, please see Libya Focus and Libya Politics & Security.

© 2012 Menas Associates

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