At the conference held in Tripoli today it was agreed that insurance is an important part of the solution of reactivating Libya’s stalled projects. Making the keynote speech, the Ministry of Economy and Trade, Mohamed Hwej said reactivating Libya’s stalled projects will create jobs for youth and move the economic cycle forward. The causes of Libya’s stalled projectsSeveral local and international speakers (in-person and virtually) then presented papers on the subject. With an estimated 23,000 stalled projects with an average completion rate of 50 percent, speakers agreed that there is a need to prioritise projects. he said insurance frameworks already exist in the international community for stalled projects so that there is no need to reinvent the wheel for Libya’s stalled projects.

Source: Libya Today June 14, 2023 21:48 UTC