DistantNews
Support us
🇱🇾 Libya /Economy & Trade

Libyan-Turkish Business Forum Launches in Benghazi to Boost Construction and Investment

From Libya Herald · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • A Libyan-Turkish Business Forum focused on building materials and construction supplies launched in Benghazi.
  • The event aims to boost economic cooperation, attract investment for reconstruction, and foster business connections between Libya and Turkey.
  • It is expected to improve building material availability, supply chains, and reduce local costs, supporting Libya's reconstruction efforts.

The launch of the Libyan-Turkish Business Forum in Benghazi marks a significant step forward in rebuilding the nation and strengthening economic ties with Turkey. As reported by Libya Herald, this initiative, held on May 12th, brings together Turkish companies specializing in the construction sector, signaling a commitment to collaboration and investment.

This forum comes within the framework of supporting reconstruction efforts and contributes to building direct partnerships and agreements with Turkish companies.

— Munim Naji Al-SaityChairman of Benghazi Chamber of Commerce, emphasizing the forum's importance for reconstruction.

The forum's objectives are clear: to enhance economic cooperation, create new opportunities for investment in reconstruction and development projects, and expand the network between Libyan and Turkish business communities. This aligns directly with Libya's pressing need for reconstruction and development following years of instability.

This will enhance the availability of building materials, improve supply chains, and contribute to reducing supply costs within the local market.

— Munim Naji Al-SaityChairman of Benghazi Chamber of Commerce, explaining the expected economic benefits for Libya.

Officials like Munim Naji Al-Saity, Chairman of the Benghazi Chamber of Commerce, highlighted the forum's role in supporting reconstruction efforts. By fostering direct partnerships with Turkish companies, Libya aims to secure essential building materials, optimize supply chains, and ultimately lower construction costs for its citizens. This focus on practical economic solutions underscores Libya's determination to move forward and rebuild its infrastructure and economy.

represents an important platform for enhancing economic cooperation between the two sides

— Benghazi Chamber of CommerceDescribing the significance of the forum for bilateral economic relations.
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.

More Stories

From Our Blog