Libya looking for better economic relations with the Kingdom



Arab News

Published — Sunday 18 November 2012

Last update 18 November 2012 5:59 am

| نسخة PDF Print News | A A

JEDDAH: Dr. Muhammad Al-Muqairef, president of the Libyan National Conference, has expressed his country’s desire to strengthen economic and commercial cooperation with Saudi Arabia.
Addressing Saudi businessmen at the Council of Saudi Chambers in Riyadh, he said: “We would like to encourage Saudi investors to carry out joint projects in Libya.”
He said Libya has revised its regulations to facilitate and protect foreign investment in the country and opened new areas for foreign investment.
Al-Muqairef, who is currently visiting the Kingdom at the head of a high-level delegation including ministers and businessmen, sought Saudi support to rebuild the country.
He thanked Custodian of the Two Holy Mosques King Abdullah for receiving him and his delegation and expressing his sincere feelings for the security and future of Libya.
Al-Muqairef welcomed the formation of the Saudi-Libyan Business Council and urged Saudi businessmen to visit his country to explore new investment opportunities.
Abdullah Al-Mubti, president of CSC, urged Al-Muqairef to facilitate issuance of visas for Saudi businessmen to visit Libya. He said bilateral trade between the two countries had not reached the expected level. Two-way trade in 2011 was estimated at $ 51.2 million. He stressed the Saudi businessmen’s desire to strengthen business and investment relations between the two countries.

What's happening around Saudi Arabia

JEDDAH: A number of prominent Saudi women have cited several reasons for not running as candidates in the upcoming municipal elections. Some of them are an alleged lack of clarity on nominations and voting; they are too busy; and they want to make wa...
JEDDAH: At the weekly Cabinet meeting on Tuesday, Vice Custodian of the Two Holy Mosques Prince Mohammed bin Naif briefed the Cabinet on the talks held by Custodian of the Two Holy Mosques King Salman with President Abed Rabbo Mansour Hadi of Yemen,...
JEDDAH: Private schools have been devising new ways to raise money from parents to circumvent the Education Ministry’s cap on fee increases, a local publication reported here recently.Schools now charge for services that do not require the ministry’s...
JEDDAH: Vice Custodian of the Two Holy Mosques, Minister of Interior and Chairman of the Supreme Haj Committee Prince Mohammed bin Naif has approved the general plan for implementation of Civil Defense works in emergency cases during the current Haj...
RIYADH: The government has shut down a cosmetics factory in Riyadh for using undisclosed raw materials and unhygienic process at its production facility.A team from the Ministry of Commerce and Industry, during a routine inspection, found the plant u...
RIYADH: Recruitment offices here have decided to stop hiring Bangladeshi workers because they claim that a supply crunch has raised costs.Ibrahim Al-Megheimish, a recruitment expert, said that there are too few Bangladeshi workers seeking employment,...

Stay Connected

Facebook