Libya Ministry of Economy Approves 15 Foreign Company Decisions
The Ministry of Economy and Trade announced last Monday (29 June) that its Minister Suhail Abu Shiha approved, last Thursday (25 June), 15 decisions concerning foreign companies. These decisions included. . .
The Ministry of Economy and Trade announced last Monday (29 June) that its Minister Suhail Abu Shiha approved, last Thursday (25 June), 15 decisions concerning foreign companies. These decisions included opening branches, extending branch permits, and establishing representative offices. The foreign companies were from Britain, Cyprus, Egypt, France, Malta, Norway, Turkey, Spain, Sudan and Tunisia. The Ministry said this comes as part of its efforts to enhance the investment climate and encourage the expansion of foreign companies’ activities in the Libyan market. This measure comes within the Ministry's objectives aimed at improving the business environment, strengthening confidence in the national economy, and simplifying procedures for investors, thereby contributing to attracting investments and revitalizing various economic sectors. A series of approvals since AprilThe latest batch of approvals follows aseriesof approvals over the last three months. Follow up on US State Department’s Investment Climate Report on LibyaIt will be recalled that ameetingof the Tripoli Libyan government team tasked with following up on the US State Department’s Investment Climate Report was held in Tripoli on 13 April, pursuant to Prime Minister’s Resolution No. (593) of 2025. The meeting discussed ways to enhance the attraction of foreign investment, expand economic partnerships, and work towards creating a more competitive and attractive investment environment, thereby contributing to supporting Libya's economic development process. Libya Economy Minister Approves 13 Foreign Venture DecisionsMinister of Economy approves another set of decisions regarding foreign and Joint Venture companies to support Libya’s investment climateMinister of Economy approves four foreign and JV companies – to support Libya’s investment climateMinister of Economy approves 12 foreign and joint venture companies – to support the investment climateMinister of Economy Abushiha approves creation of new foreign companies – signalling internationally that Libya is improving its business climateTripoli follow-up meeting held on US State Department’s Investment Climate Report on Libya – investment climate reform measures matrix reviewed