“There is a vision of expansion for transit shipments that go to Africa. “There’s a revolution happening in industries,” he told OBG. “We have some sectors that have not produced anything locally, so I think the opportunity to invest inside the country is really high.”Issa gave the example of Aljaied, which is already operating several food manufacturing production lines at a huge industrial complex under development, enabling it to serve both the local market and export to key African countries.He described the renewables segment as another area of the economy with huge growth potential, pointing out that Enarah Group, a local solar energy company, was already developing this important field, which could be key in addressing domestic electricity shortages and providing power to neighbouring countries.On a separate topic, Issa cited technology as leading the way in terms of potential for international investors, giving fintech as one example of a segment ripe for growth. “The demand from the market is for technology,” he told OBG. “I’m delighted that through this insightful interview, we’re able to highlight Libya’s potential and the welcoming reception that investors can look forward to receiving in this important North African market.”

Source: Libya Today July 27, 2023 13:33 UTC