20 billion dollars in investments and contracts as a result of the industries mission to Libya
20 billion dollars in investments and contracts to export Egyptian products to Libya are the results The mission of the Federation of Egyptian Industries to the cities of Tripoli and Benghazi, which lasted 8 days with the participation of 43 Egyptian companies.
The mission – which was launched under the title “Together towards Africa” – concluded a package of joint cooperation agreements and memorandums of understanding with the Chamber of Commerce, Industry and Agriculture in Benghazi, headed by Moneim Al-Saiti, the General Union of Chambers of Commerce, Industry and Agriculture in Tripoli, headed by Mohamed Abdel Karim Al-Rayid, and the Emaar Libya Holding Company to establish investments and export products to cover the needs of the Libyan market for all Egyptian goods and products, especially those The Libyan state needs it for reconstruction and to hold two exhibitions, one in Benghazi and the other in Tripoli, entitled “Made in Egypt.”
Engineer Mohamed Al-Bahi, head of the mission, member of the Federation of Industries office, and head of the Arab Cooperation Committee in the Federation, says in special statements: We were able within 8 days. Correcting the false image held by the Libyans about the conditions of the Egyptian industry, especially about the pharmaceutical industry, as they had two perceptions that Egypt only has an industry for international companies and prohibits the export of medicines, which is why smuggled Egyptian medicines enter the Libyan market at cheap prices But we explained to them that smuggling harms the patient’s health because the smuggled medicines are of unknown origin and manufactured under the stairs, and we explained to them that there are many Egyptian companies and factories that produce medicines and can export to Libya.
Al-Bahi explains. Correcting the wrong image and breaking the barrier Silence encouraged Many companies agreed to immediately conclude contracts with their Egyptian counterparts to meet the needs of the Libyan market for Egyptian products in various metal, wood, chemical and building materials sectors. Contracts were made to export wooden products and establish a smoke factory and a long-lasting ice factory that prevents bacteria and other products and reconstruction materials. Indeed, government agencies In Benghazi, I asked to provide them with the names of pharmaceutical companies, and we sent them a list of 50 companies, and they will export to West Africa and neighboring countries such as Niger, Chad, and others.
And he says, “We signed Joint cooperation agreements and memorandums of understanding In Tripoli and Benghazi to pump Libyan investments, hold a Made in Egypt exhibition in Benghazi and another in Tripoli, establish an investment zone and joint factories, train workers, export manufacturing industries, exchange visits and information, establish a control committee to solve problems if they arise, and go with us to Africa. He points out that the Egyptian delegation was met with a warm welcome. The Libyan Minister of Economy, Mohamed Al-Hawaij, was interested in the delegation and met with us many times, along with the Deputy Prime Minister of Benghazi, the head of the Investment Authority, and the Egyptian ambassador in Tripoli He stressed that the Libyan state enjoys advantages over European countries in terms of climate and a coastal strip extending 1,850 kilometers long, which makes it an important tourist destination and a large consumption market for products.
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