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🇱🇾 Libya /Economy & Trade

Libyan officials discuss economic development strategies for Southern Region

From Libya Herald · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

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  • Libyan government officials met to discuss strategies for boosting economic development in the Southern Region.
  • Key discussions included creating a Developmental Investment Map to identify opportunities and attract investment.
  • The meeting also focused on prioritizing development initiatives to foster economic growth and sustainability in the region.

Officials from Libya's Tripoli-based government convened to strategize economic development for the nation's Southern Region. Salem Al-Zadma, Deputy Prime Minister and Chairman of the Southern Development and Reconstruction Agency, met with Abdulaziz Al-Shawesh, Chairman of the Privatisation and Investment Board (PIB) Affairs.

The central aim of their discussion was to establish a "Developmental Investment Map for the Southern Region." This map is intended to pinpoint specific investment opportunities and showcase the region's economic and developmental potential. The ultimate goal is to attract external investments and invigorate economic activity.

Furthermore, the meeting addressed the region's development priorities. Both parties explored methods to capitalize on existing investment prospects to stimulate economic growth and achieve long-term sustainable development. This initiative underscores a focused effort to unlock the economic potential of southern Libya.

DistantNews Editorial

Originally published by Libya Herald in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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