CAIRO – 29 April 2021: CEO of the General Authority for Investment and Free Zones Mohamed abdel Wahab, met with the Chairman of Libya Investment Authority and the Libyan Sovereign Wealth Fund to discuss investment opportunities in the two countries. The Libyan Investment Authority is the sovereign wealth fund (SWF) of Libya. The visit was the first by an Egyptian premier to Libya in years and many cooperation agreements were signed during the visit. Abdel Wahab said the meeting aims at exploring joint investment opportunities between the Libyan authority and Egyptian partners.The two sides agreed on some executive steps aiming at addressing any obstacle blocking flow of Libyan investments to Egypt. Counselor Mohamed Abdel-Wahab said that the meeting is the first step to enhance cooperation between the two countries, as joint investment opportunities between the Libyan Investment Authority and Egyptian partners were discussed, and an agreement was made to implement joint Egyptian-Libyan investment projects in the targeted sectors.

Source: Libya Today April 29, 2021 14:48 UTC