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You are here | News > News Archive
News Archive
| Date | News Details |
| 6/29/2010 | The Privatization & Investment Board held the 4th Forum for the Investment Projects’ Investors, as part of its ongoing efforts in the pursuit of the Board’s development and coordination of its ambitious plans.
The 4th Forum, held in the Lebdah Hall of the Corinthia Bab Africa Hotel in Tripoli on Monday 28th June 2010, under the slogan of "Together for the Best", aimed to further develop communication and dialogue between the Board and the investors.
The Forum’s discussions covered the notes and observations of the past forums and their subsequent follow-up, solutions to the various obstacles hindering the aspirations of the Authority, while proactively creating a suitable investment climate and generating opportunities for those investors to realize their objectives and to overcome any obstacles faced. In addition, a review was made of the changes in the Investment Promotion Law and the customs, taxation and labor laws.
The Forum generated an open dialogue between the participants and the Board’s officials, in addition to a valued input from companies, organizations, institutions and other interested parties.
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| 6/28/2010 | The Management Committee of the Privatization and Investment Board convened for its 6th Meeting on Sunday, 27th June 2010.
The Agenda covered the measures to implement the minutes of previous meetings, a review of investment projects submitted for appraisal and the relevant evaluations from the Board’s departments, in addition to other points raised and the approval of several projects.
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| 6/13/2010 | The Seminar on Competitiveness, under the slogan of "Competitiveness at Home is the Way for Success Abroad", and the accompanying Training Course, organized on the sidelines, by the Privatization & Investment Board & the Export Promotion Centre, came to a close on Thursday 10th June 2010 at the Rixos Nasr Hotel.
The trainees displayed models illustrating the proposals for establishing an economic group or gathering.
At the Closing Ceremony, the Director-General of the Export Promotion Centre, the Assistant Secretary of the Privatization Board and the Assistant Director- General of the Export Promotion Centre handed out
Certificates of Appreciation to the trainees and gifts and commemorative plaques to the international experts from the field of competitiveness.
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| 6/13/2010 | On Thursday 10th June 2010, celebrations were held at the Rixos Nasr Hotel, on the occasion of laying the Foundation Stone of the new Jotun Paint Factory.
The Jotun Paint Factory is an affiliate of the Privatization and Investment Board, in accordance with the provisions of Law No. 9, 2010, for the Promotion of national and foreign capital.
The celebrations were attended by the General Manager of Jotun Global, Jotun’s Regional Director for the Middle East, the Regional Director for North Africa and the Chairman of the Board of Directors of Jotun Libya, the Director of the Promotions Department and the Director of the Department of Real Estate and several of the Privatization and Investment Board’s employees, in addition to a large number of guests and the employees of Jotun Libya.
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| 6/6/2010 | The Workshop and Training Course on Competitiveness, under the title "Competitiveness at Home leads to Success Abroad", was opened by the Secretary of the General People’s Committee for Industry, Economy and Trade on Sunday, 6th June 2010, with the presence of the Secretary of the Management Committee of the Privatization & Investment Board, the Director-General of the Export Development Centre, the President of the League of the Arab Maghreb countries and company CEOs and local businessmen.
The Workshop and Training Course, under the auspices of the Privatization and Investment Board, is being held under the supervision of "Competitive Specialists" from America and New Zealand and will continue until 10th June 2010.
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| 6/2/2010 | On Monday, 31st May 2010, Al-Naseem for Food Industry, an affiliate of the Privatization and
Investment Board, was awarded the International Quality Gold Award for 2010. The Award Ceremony took place in New York, U.S.A. in the presence of a large audience of businessmen and company CEOs from sixty-four countries.
500 CEOs international companies had cast their votes in the run up to the Award Ceremony.
The award is given in recognition of the efforts of international companies and institutions to promote and apply the concepts of comprehensive quality and consumer satisfaction, by proactively utilizing this philosophy in their operations. The award is given annually and the winners are selected in a series of international conferences held in 5 capitals of the world, the last of which was the 14th Conference held in New York.
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| 6/1/2010 | The Assistant Undersecretary of the General People’s Committee for Industry, Economy and Trade and the Secretary of the Management Committee of the Privatization and Investment Board met with the Director-General of the Turkish Investment Agency and his accompanying delegation on Sunday, 31st May, 2010.
Discussions covered the most efficient method of activating cooperation between Libyan and Turkish companies and how to develop commercial relations to relations based on partnership. This would then enable the Turkish and Libyan companies to contribute to the Development Programme for 2010-2012, as was previously agreed at the Libya-Turkey Business Form, held in Istanbul in May 2010.
Consideration was given to activating Libyan investment in Turkey, especially in the industrial and agricultural sectors. There was also agreement on the need to protect investments in both countries. The next Libya-Turkey Business Forum will be held in Tripoli in September 2010.
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| 5/25/2010 | The Secretary of the Management Committee of the Privatization and Investment Board met with the Ambassador and the Commercial Attaché of the Embassy of Pakistan, with the attendance of the Board’s Director of Promotion and Information Department
The Secretary elucidated on the Privatization and Investment Board’s activities, explaining the laws and legislations, which regulate privatization and underlined the necessity of developing relations between Libya and Pakistan.
The Ambassador stressed the importance of such meetings to enhance Pakistan-Libya relations and to develop cooperation in investment, with the possibility of establishing joint investment projects.
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| 5/21/2010 | On Thursday, 20th May 2010, the 1st Libya-Turkey Business Forum opened, under the slogan of Partnership and Investment, in the Conference Hall of the Movenpick Hotel, in Istanbul ;
the Forum was jointly organized by the Privatization and Investment Board in Libya and the IPA in Turkey.
Attending the Forum were the Turkish Minister of Industry and Trade, Mr. Nihat Ergün, the Under Secretary of the General People’s Committee for Industry, Economy and Trade, the Secretary of the Management Committee of the Privatization and Investment Board, the Secretary of the Libyan People’s Bureau, the General Manager of the Turkish Investment Promotion Agency, the Chairman of the Libyan-Turkish Businessmen’s Council, the Chairman of the Turkish Businessmen’s Association and many important figures, CEOs and representatives of companies, institutions and organizations as well interested parties, from both countries.
Masny speeches were delivered by both sides, stressing the need to strengthen cooperation and communication in all areas. The speeches reflected the excellent bilateral relations and the need to continue consolidating and strengthening these relations, while intensifying joint consultations and efforts to open new work programs and joint investments in both countries.
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| 5/20/2010 | On Wednesday, 19th May 2010, in the Board’s Headquarters, the Assistant Secretary of the Management Committee of the Privatization and Investment Board received the American Assistant Secretary of Trade and the American Ambassador to the Great Jamahiriya. Also present were the Heads of the Departments of Renewable Energy, Promotion and Technical Cooperation.
The Assistant Secretary explained and elucidated on the Board’s strategies and procedures regarding the privatization and investment process of economic units, as well as the optimum ways of enhancing bilateral cooperation in the area of investment ; discussions extended to the possibility of establishing investment projects by American investors in the various sectors identified by the Investment Promotion Law.
Emphasis was placed on the importance of signing a trade and investment agreement between the two countries that would lay the foundation stone for the beginning of a genuine bilateral cooperation.
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| 5/19/2010 | Al-Naseem for Food Industry, nominated for the excellent quality of its Dairy and Ice-Cream products, comes under the auspices of the Privatisation and Investment Laws
500 international companies cast their votes during the conferences organized by the BID Organization in Paris, London and New York to select the winner of the Gold Medal for excellent international quality in 2010.
The Gold Medal is awarded to companies that promote the quality culture and proactively utilize this philosophy in their operations. The Award Ceremony will be held in New York, U.S.A on 31st May 2010 at the Marriott Marquis Hotel on Broadway.
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| 5/18/2010 | The Libya-Turkey Forum‘s Programme is as follows : 09:00 a.m. Entry Registration 10:00-11:00 Opening and honorary speeches from both sides 11:30 Break 11:30-11:50 Visual Presentation by the Turkish Investment Agency 11:50-12:10 Visual Presentation by the Privatization and Investment Board 12:10-12:25 Visual Show by the General Board for Tourism 12:25-12:40 Visual Show by the General Board for Industrial Areas 12:40-12:55 Visual Show by GMMR Authority 12:55-02:35 General Board for Tourism Lunch break 02:35-05:30 Joint Seminar between businessmen from both sides with a Presentation of Investment opportunities |
| 5/17/2010 | The Japanese Ambassador to the Great Jamahiriya hosted a Working Lunch on Monday 17th May 2010, in honor of the Secretary of the Management Committee of the Privatization and Investment Board. Also present were, from the Board, the Heads of the Departments of Strategic Projects and Renewable Energy, Investment, Promotion and Information and a group of the major Japanese companies from the sectors of engineering, oil, investment, trade and telecommunications.
Discussions included the investment opportunities available, how to benefit from Japanese expertise, transfer of new technology, investment in various industrial, agricultural and oil and gas and …………. infrastructure and services.
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| 5/16/2010 | The 7th Libya Build Exhibition for Building and Construction opened on Sunday, 16th May 2010 in Tripoli International Fair under the auspices of the Privatization and Investment Board.
The Exhibition was officially opened by the Secretary of the General People’s Committee for Industry, Economy and Trade and the Secretary of the Management Committee of the Privatization and Investment Board, with the attendance of key officials and company representatives from the building and construction sector, in addition to the members of the diplomatic corps in Libya and the media.
There are 395 participating companies from Arab and foreign countries and the exhibition is open until 20th May2010.
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| 5/13/2010 | The Secretary of the Management Committee of the Privatization and Investment Board held a meeting with the Secretaries of the Management Committees of Raahila, Al-Sharara Dahabia and Libya Joint Oil - the Oil Services Companies - in the Board’s offices on Thursday 13th May 2010, with the presence of the General Secretary of the General People’s Committee for Industry, Economy and Trade.
The Meeting reviewed the response of the Oil Services Companies, in answer to the inquiries of the various Shaabias in Libya, originally raised in the 4th Meeting of the General People’s Committee for Industry, Economy and Trade held on Saturday, 1st May 2010, as to the services that the companies provide.
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| 5/12/2010 | On Monday, 10th May 2010, the Secretary of the Management Committee of the Privatization and Investment Board attended a Meeting to discuss the profile of the tourism sector in the Great Jamahiriya.
The meeting was chaired by the Secretary of the General People’s Committee. The attendees were the Secretary of the Management Committee of the General Authority for Tourism and Handicrafts, the Department of Antiquities, the Department of Passports and Nationality, Immigration Affairs, the Department of Urban Planning, the National Committee for Technical and Vocational Education, the Department of Socialist Real Estate Registration and Authentication, the Executive Director of the Libyan Investment Fund, the General Manager of the National Council for Economic Development, the Director of the Engineering Consultants facilities, in addition to several experts, consultants and specialists from the tourism sector.
Agreement was reached on preparing a tourist map of the sites, which are targeted for development in the Great Jamahiriya, as well as the preparation of an executive program to give further attention to antiquities, archaeological sites and historic cities, along with their maintenance and protection.
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| 5/4/2010 | The International Fair for Small and Medium Manufacturers opened on Monday 3rd May 2010, at the premises of the National Council for Economical Development, being jointly organized by the Libyan Youth Organization and Sakher Exhibition Company.
The Fair comes within the frame of cooperation and coordination between the society’s organizations, of which the aims are to seek the optimum methods of providing the needs and requirements of the Libyan youth and creating the most conducive environment for building tomorrow’s Libya.
By bringing the Libyan youth and the small and medium manufacturers together, it is envisaged that the result will be increased employment opportunities.
The Fair was opened by the Secretary of the General People’s Committee for Industry, Economy and Trade and the Ambassador of Turkey. The Opening Ceremony was also attended by the General Director of the National Council for Economical Development, the General Secretary of the Libyan Youth Organization, the Privatization and Investment Board’s General Director and the Manager of the Promotions and Publicity Department and several directors of local and international investment institutions, which specialize in small and medium businesses.
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| 5/4/2010 | The Secretary of the Administration Committee of the Privatization and Investment Board received the Italian Delegation of Owners of Small and Medium Companies in the Board’s meeting hall. In attendance were the Board’s Administration Manager, the Manager of the Promotions and Publicity Department, the Manager of Technical Cooperation, the Head of the Investment Department and the Head of the Libyan-Italian Chambers of Commerce.
The Italian Delegation showed a great interest in investing in Great Jamahiriya, requesting clarification and information on the investment opportunities available, the exemption and privileges afforded to investors and the One Stop Window Service.
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| 5/3/2010 | The Director of the Promotion & Publicity Department of the Privatization and Investment Board attended the meeting, organized by Al-Khilan Expo Company in collaboration with the General Board for Tourism and Handicraft Industries, held at the Four Seasons Hotel on Sunday 2nd May 2010. Other attendees were representatives of the General Board for Tourism and Handicraft Industries, Al-Daman Investment Company and responsible officials from the tourism and hotel sector.
The Director of the Board’s Promotion & Publicity Department affirmed, in his speech, the necessity of upgrading and developing work skills in the sector of tourism, which is one of the sectors that the Board is concerned with, in relation to attracting foreign investors.The Director strongly urged local investors to take note and to present the best tourism and hotel services, which should include special emphasis on safety and food security programmes.
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| 5/3/2010 | The Opening Ceremony of the Expo 2010 Shanghai China took place on Sunday 3rd May 2010, under the motto “Better City, Better Life”. From Great Jamahiriya, the attendees were the Undersecretary of the General People’s Committee for Industry, Economy and Trade, the Secretary of the Management Committee of the Privatization and Investment Board, the Secretary of the Management Committee of the Export Development Centre, the Assistant Secretary of the Management Committee of the General Board of Fairs, the Secretary of the Libyan People’s Bureau in China, a representative of Waha Exhibition Company, several Heads of State and representatives from over 150 countries and 50 organizations.
Great Jamahiriya is participating with a highly distinguished pavilion, displaying the achievements of the Great Al-Fateh in the various sectors such as building, restoration, construction, agriculture, industry, education, medicine, etc., and has so far welcomed more than 10,000 visitors from various parts of the world to their pavilion.
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| 4/28/2010 | The Secretary of the Management Committee of the Board met with the Director of the Department of Employment and Training, on Wednesday, 28th April 2010, with the attendance of the Assistant Secretary of the Board and the Director of Privatization and Investment Management.
Discussions covered the potential benefits from investment projects, which would provide job and training opportunities for the unemployed, under the supervision of the Department of Employment and Training. Additionally, how to establish an appropriate mechanism to implement and develop a plan to train and qualify people, which would suit the needs and requirements of the Great Jamahiriya’s investment projects
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| 4/28/2010 | The Libyan- Italian Advanced Technology Company organized the Opening Ceremony of the Advanced Aviation Centre for Maintenance and Assembly Systems, on Wednesday, 28th April 2010, at the Abu Aisha Agriculture Airport, Suk El-Khamis, Tarhuna.
The Secretary of the Management Committee of the Privatization and Investment Board officially opened the Centre, with the presence of the Undersecretary of the Ministry of Economic Development of Italy, the Chairman of the Board of Directors of the Aerospace Industries, the Ambassador of Italy to Great Jamahiriya, the Chairman of Afriqia Airlines, several important officials, businessmen and local and international media organizations.
The Secretary of the Board, gave a speech, welcoming the guests and praising the industry, pointing to its importance, as it is the first investment project of its type, under the umbrella of the laws to encourage investment, to be opened in Great Jamahiriya.
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| 4/27/2010 | The Secretary of the Management Committee of the Privatization and Investment Board held a meeting with the Ambassador of Japan to Great Jamahiriya, in his office on Tuesday 27th April 2010.
Discussions included the prospects of signing agreements on investment promotion and protection and the possibility of organizing joint workshops. The Secretary invited Japanese companies to invest in Libya, especially in the electronics industry and technology transfer.
The Secretary also explained to the Ambassador of Japan, the privileges and exemptions that are enjoyed under the investment laws in Libya, and called for Japanese investment in Libya, thereby benefiting from Japanese expertise and technology.
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| 4/26/2010 |
On, Monday morning, 26th April 2010, the Secretary of the Management
Committee of the Privatization and Investment Board met with the Ambassador
of the Republic of Turkey, in order to discuss the related procedures for the
1st Investment Forum and Conference, scheduled for 20th and 21st May 2010,
in Ankara, Turkey.
The Secretary opened the meeting with a speech, welcoming the guests and praising both countries’ joint efforts in raising the level of bilateral cooperation in all areas. The Secretary continued with a clarification of the goal of these meetings and mentioned the bodies, which would be participating in this event, including public authorities and private companies, in addition to the projects offered for joint venture investment with foreign partners and open investment opportunities in projects, of which the number has reached 160.
In response, the Turkish Ambassador welcomed this initiative and the ongoing preparations for this event, in coordination with the pertinent authorities. The Ambassador proposed that a visit should be paid by the Libyan side to Turkey, prior to the Forum and Conference, in order to meet with the relevant officials and ministers in the investment sector, while he confirmed continuous contact and coordination with the Turkish authorities in order to sensure the event’s success.
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| 4/25/2010 | On Sunday 25th April, 2010, a meeting, under the theme of “Towards Effective Joint Venture Partnerships”, was held at the headquarters of the Chambers of Commerce and Industry of the Great Jamahiriya, with a visiting trade mission from the Emirate of Sharjah (U.A.E.).
The meeting, coming within the promotion of cooperation ties and the development of relationships with friendly states, was attended by the Secretary of the General People’s Committee for Industry, Economy and Trade, the Chairman of the Chambers of Commerce and Industry of the Great Jamahiriya and on the trade mission’s side : the Chairman of the Board of Directors of the Sharjah Chambers of Commerce and Industry, the Deputy Director of International Affairs and the Deputy Chairman of the Media Division of the Sharjah Chambers, a marketing executive from the Eksabo Sharjah Centre and several businessmen.
A Memorandum of Understanding between Great Jamahiriya’s Chambers of Commerce and Industry and Sharjah’s Chambers of Commerce and Industry was signed at the meeting.
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| 4/22/2010 | The Secretary of the Board’s Management Committee met, in his office this morning22nd April 2010 the Egyptian Tourism Delegation, which was headed by Mr. Mohamed Hisham Zazou, the First Assistant of the Egyptian Tourism Minister. The Secretary welcomed the guests and explained the Board’s programmes and activities, within the scope of the implementation of laws and legislation organizing privatization and investment. |
| 4/22/2010 | The Secretary of the Board’s Management Committee held, on Wednesday, 21st April 2010, a Banquet on the margins of the 39th Tripoli International Fair, in honour of the Tunisian Minister for Trade and Handicraft Industries, who is currently visiting the Great Jamahiriya. The Tunisian Minister praised the kind hospitality extended to him and the warm welcome given by the traditional Zummit Hotel in Tripoli’s Old City. The Banquet ended with the awards of symbolic prizes, in appreciation of the efforts so far exerted towards the promotion of bilateral relations. |
| 4/21/2010 | The 39th Session of Tripoli International Fair opened on Tuesday, 20th April 2010, with the participation of companies from different countries. Tripoli International Fair is an annual event, held to exhibit national and international products and is considered to be an ideal forum for the national, Arab and international business community to meet up.
The Opening Ceremony was attended by the Secretary of the General People’s Committee for Industry, Economy and Trade and was accompanied by the Secretary of the Management Committee of the General Board of Fairs, the Secretary of the Management Committee of the Privatization and Investment Board, the General Director of Imports from the Promotion Center, the Secretary of the General Union for the Chambers of Commerce and Industry, the Ambassadors of neighbouring and friendly countries and members of the diplomatic corps accredited to the Great Jamahiriya.
Following the opening, the attendees visited the various pavilions, including the National Pavilion which comprises several local stands, one of which is the Privatization and Investment Board that witnessed great interest from the visitors concerned with economic and investment issues.
The Board’s stand was also visited by the Indian Ambassador and the Charge d’Affaires of Kazakhstan, who were given details and explanations on the Board and its activities, along with presentations and literature introducing the various investment laws, procedures, exemptions and privileges, which could then be forwarded onto the businessmen in their two countries.
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| 4/20/2010 | The Secretary of the Management Committee of the Privatization and Investment Board, on Tuesday, 20th April 2010, met in his office, with the Executive Director of the Jordanian Foundation for the Promotion of Economic Projects, who was acting as an envoy of the Jordanian Minister for Industry and Trade.
The Meeting comes during his visit to the Jamahiriya, to participate in the 39th Session of Tripoli International Fair, within the framework of cooperation between the two friendly countries.
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| 4/20/2010 | The Secretary of the Management Committee of the Privatization and Investment Board met with the departing Ambassador of the United Kingdom, in his office on Tuesday, 20th April 2010. The Ambassador, having completed his tenure of duties, wished to praise the fruitful and constructive cooperation between the two countries. |
| 4/19/2010 | The Management Committee of the Privatisation and Investment Board held its 4th Meeting on Monday, 19th April 2010 and its agenda included the following :
1. 1. Follow-up of executive procedures of former meetings’ minutes.
2. 2. Review of investment projects so far offered, in order to assess and
3. take the relevant decisions.
4. 3. Memoranda presented for evaluation.
5. 4. Any other issues arising.
The Meeting concluded by summarizing and agreeing on a number of presented projects and confirmed the significance of revealing the Board’s role in the previous period.
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| 4/12/2010 | Mr. Mustafa F. Soiah, Mr. Abdulmajid O. Shtewi and Mr. Abdulaziz R. Al-Shawesh comprised the team from the Privatization and Investment Board, which visited the Arab Investment and Export Credit Guarantee Corporation in Kuwait, on Sunday 21st March 2010.
During their visit, the team defined the activities of the Privatization and Investment Board and the opportunities available in Great Jamahiriya, thereby providing a clear picture of the current investment environment.
The team emphasized the Board’s wish to strengthen the bilateral bridges of cooperation, in addition to benefiting from the Corporation’s experience and expertise, which could be utilized in serving the Investment Sector in Great Jamahiriya.
The Corporation’s General Director and Director of Operations both made several proposals with regards to organizing a comprehensive conference on investment in Libya and, with this in mind, the Board’s team made several positive recommendations. The Board will assign one of its departments to continue the liaison with the Corporation, as its expertise and experience would be an invaluable asset in training and advancing the national employees.
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| 4/6/2010 | The 2nd Joint Meeting between Libyan and Turkish Businessmen was held on Tuesday, 6th April 2010 at the Radisson Blu Hotel (Mahari).
The Meeting was attended by the Assistant Secretary of the Privatization and Investment Board, the Ambassador of Turkey in Great Jamahiriya, the Head of the Libyan Foreign Bank, the Assistant Secretary of the Organization for the Development of Administrative Centres, the Chairman of the Turkish Business Council, the Chairman of the Libyan Business Council, the Chairman of the Legal Committee of the Business Council and many Libyan and Turkish businessmen.
The Meeting’s discussions covered investment procedures and opportunities in both countries, in addition to proposing employment opportunities
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| 4/2/2010 | The International Conference on Investment and Trade was held on 30th and 31st March 2010 at the Radisson Blu Hotel (Mahari Hotel) in Tripoli, under the supervision of the Privatization and Investment Board, with the aim of creating an appropriate and attractive investment environment thereby encouraging a generation of investment projects and an advancement of economic development.
The conference was attended by : the Secretary of the General People’s Committee for Industry, Economy and Trade, the Governor of the Central Bank of Libya, the Secretary of the Management Committee of the Privatization and Investment Board, the Director of the Customs’ Authority, the Director of the Tax Authority, the Secretary of the General Union of Chambers, the Secretary of the Management Committee of the Manpower and Training Department , a representative of the Egyptian Investment Authority and a representative of the Arab Institution for Investment.
The other participants included many economic and financial organizations, businessmen and international investors from several Arab and foreign countries.
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| 4/1/2010 | On the margins of the 22nd Arab Summit in the city of Sirte an Investment Market was opened, in which the Privatization and Investment Board participated. The Board was represented by the Director of the Cooperation and Public Relations Department and one other official from the Board, who distributed leaflets, marketing files and copies of the investment laws, which ensured that the Publicity Campaign was a big success. |
| 3/17/2010 | The Consumer’s World Day and Consumer’s Rights Event was held on Monday, 15th March 2010 at the Industrial Research Centre in Tajiura, under the patronage of the General People’s Committee for Industry, Economy and Trade, the National Center for Specifications and Standardization and the Food and Drug Control Center.
The Event’s objective was to explain the consumer’s rights in relation to his essential requirements, as in food, medicine and housing, in order to guarantee a safe and secure existence .
Among those present, were the Director of the Department of Cooperation and the Head of the Information Division of the Privatization and Investment Board (P.I.B) addition to several specialists and representatives from the food sector. |
| 3/16/2010 | As part of the Privatization and Investment Board (P.I.B) efforts to promote investment in the Great Jamahiriya, as per Law No. 5, 1997, concerning the Promotion of Foreign Capital in the Great Jamahiriya, a Delegation from the Board visited the Republic of South Africa, from 9th to 14th March 2010.
During their visit, the Delegation met with the Executive Advisor of the Chambers of Commerce and Industry in South Africa at their headquarters and gave a Presentation, which introduced and explained Law No. 5, 1997 and the associated legal procedures in operation in the Great Jamahiriya.
Clarification was made on the investment laws, advantages, exemptions and the various stages involved in the investment application process up to the issuance of the project’s approval, in addition to the Board’s experiences in the Great Jamahiriya and the services that are offered by the Board to the investor.
Included in the Presentaion, were also several examples of prime investment opportunities currently in the Great Jamahiriya. |
| 8/27/2009 | as on Thursday, 27 / 8 / 2009 an agreement between the General Board of Privatization and investment and the Saham El Akhdar company for financial services to put 10% of the capital of the Libyan Iron and Steel Company in the Libyan Stock market. |
| 8/19/2009 | In the midst celebrations of the Libyan people, the fortieth anniversary of the Revolution of September.
The General Board of Privatization and investment have the great honor to invite you to attend the opening of the (Investor Services hall) on Wednesday, evening at 19.00 hour 19/08/2009 at the General Board of Privatization & investment in the Dahra Area \ Tripoli. |
| 8/8/2009 | The Privatization and Investment Board willing to hold its second meeting with (Foreign ,Local),investors which works under the investment encouragement laws in Libya and whereas the aimed projects are (under operation and execution ) projects, Hence ,
We are honorable to invite to attend this meeting which shall be held on Saturday 15/08/2009 at 8:00 P.M in Talla Alkhadhra park (Bir Alusta Milad - Ain Zara) nearby Dermatology Hospital . |
| 4/30/2009 | Decision of general people’s Committee No(89) in the year 2009 of concerning general authority for investment and privatization
(The integration of investment promotion and the public ownership of companies and public economic units) and is the only body empowered to organize and implement the public policy of the Libyan state activity in the area of national and foreign investment in the local market and supervision of all the tools and create the appropriate environment and transport technical and diversification of income sources and work to increase the participation of the private sector and private sector in economic development through ownership of units or the general economic management and promote the development of private enterprise.
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| 2/22/2009 | The assistant Secretary for the investment encouragement corporation Eng. Husim Mohamed Elzlway met with the chief of Italian delegation by Mr. Omber Tofatani president of the Italian National Organization for Foreign Trade at the meeting hall in the corporation on Sunday 22.2.2009.
The meeting include representative from the investment corporation and the General Authority for ownership of, the minor, middle project programs and the Cooperation Affairs Department in the General People’s Committee for Foreign Liaison and international Cooperation. |
| 2/17/2009 | On Thursday 12/02/2009, the Economical and Technical Team of Libyan Investment Board has launched the thirteenth regular meeting for 2009 in the meeting room of the L.I.B where discussed the application that proposed to the Board to establishing an investment projects under encouraging investment laws and also they verified the files that been submitted to see if it is fulfill the laws and financial conditions and studying how it will achieve the target of the investment law especially creating the opportunities to the local. And in the last of the meeting the team suspended some investment projects until meet the requirements. |
| 2/2/2009 | With solidarity and supporting to our brothers in GAZA and what the Palestinian people suffering of killing and displacing and within the campaign of supporting GAZA under the slogan of ((AT LEAST WE CAN DO))….Keeping SABRATA Hospital which is one of the investment projects supervised by Libyan Investment Board has been donated a new ambulance car with full of supplies to GAZA strip. |
| 2/2/2009 | On Monday 02/02/2009 at 12:00 pm, the secretary of the Libyan Investment Board Dr. Abd-Arrahman Al-Gammoudy has met with second secretary of the board and the managers of the departments of the L.I.B to discuss some important issues that concern the L.I.B to push ahead the process of investment in LIBYA. |
| 2/2/2009 | On Monday 02/02/2009 at 12:00 pm, the secretary of the Libyan Investment Board Dr. Abd-Arrahman Al-Gammoudy has met with second secretary of the board and the managers of the departments of the L.I.B to discuss some important issues that concern the L.I.B to push ahead the process of investment in LIBYA. |
| 1/11/2009 | On Tuesday 02/12/2008 at the meeting ward of the Libyan investment board and by attending of the secretary of the LIB Dr.Abd-Arrahman Al-Gammoudy and all members of the management committee. In this meeting where the committee discussed, studied and approved four investment projects with cost of three billion and sixty five million dinars where these projects will offer more than 2000 jobs opportunities in a various field such as (Petroleum-Tourism- Services). |
| 1/11/2009 | Under the supervision of Medical Specialists Council and under the banner of (Designing a model for health care system), a workshop has been sat up where the((Makenzi consultation company)) presented its experience in this area and the expertise of the company clarified that Libya’s health care system is in the lead comparing with other countries both Arabic and foreign.
And also a representative of the Libyan Investment board was there participating on behalf of the LIB.
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| 1/5/2009 | By the date 09/11/2008 the project of “ The intelligent Energy City “ has been announced where it is one of the biggest energy projects whish costs nearly of 6 billion dollars on area 6 kilometers square 60 kilometers west of Tripoli in Meleeta location. The project will include stations complexes for database station and a center for inter-investment, the new energy, also include a special complex for natural gas and oil companies and a complex for energy sector services companies, a complex for inter-companies and transformation industries and trading and ship services companies, in addition of a complex for unions and syndicates, activities and foreign investment center.
This project announced in press conference in Tripoli attended by the secretary of “Libyan Investment Board” and the secretary of the committee of social and economy fund and the president of gulf Dar-Attamweel and the executive of the energy city.
The secretary of the board said that the project of the intelligent energy city is a strategic project and the trivets of the infrastructure of the investment and it will feed other investment projects.
And during the conference he said “this project serves the oil sector which is the most important sectors in the country “.
And also said that many investors heading to Libya with big projects because of the great investment environment and the board welcomes the investors from over the world as long as the meet the requirements of the Libyan economy and environment.
The agreement of establishing the city signed between social and economy fund and the gulf fund DAR ATTAMWEEL on the 10th of February 2008 in a frame of the activities of the fund to operate the portfolio of the Libyan family whom were forbidden of the wealth of the country in the past. And the secretary of the committee of social and economy development fund said that the project is the most important projects between gulf fund DAR ATTAMWEEL and social and economy development fund and it will a great supporter of the economy of the country and great land for the oil companies and the first stages of the projects will start on the begging of 2009 and the rest of the stages will follow according to the schedule and it will offer a lot of opportunities and jobs for the locals.
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| 1/3/2009 | A meeting on Saturday 15/11/2008 at 9:00am in the auditorium ward of the general committee of economy, trade and investment was between:
- The general secretary of the general committee of economy, trade and investment.
- The second secretary of the Libyan Investment Board with the minister of economy of lower Saxonia the German district in presence of:
- Businessmen from the district of the German Saxonia and the two secretary of the Libyan trade and industry chamber and a representatives of the general authority of the seizing (Tamleek) and representatives of the national corporation of catering and managers of the department of the sector.
The second secretary of the LIB presented the laws of investment and also the projects, fields and activities that allowable and all the exemptions, privileges and services that provided by the LIB to the investors.
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| 5/4/2008 | On the date of Thursday 19/02/2009 in the meeting room of the Libyan Investment Board a British delegation of Goldman Sachs international board and under presidency of the second secretary of L.I.B Mr. Hashem Az-Zwai and planning administration manager with the union window manager of the L.I.B where they proposed a presentation about the Libyan Investment Board and the most important investment projects that established under the law of investment about encouraging the foreign and local capitals.
And also the presentation was about the privileges and exemptions that the law of investment offers to the investment projects.
The presentation showed the agreement that signed and those still under studying between Libya and many Arab and foreign countries and moreover the presentation has pointed to investment map which newly added to the L.I.B services which clarify the whole projects locations and most services that the Libyan Investment Board offers to the investors and to the investment projects.
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| 5/4/2008 | The Assistant Undersecretary of the General People’s Committee for Industry, Economy and Trade and the Secretary of the Management Committee of the Privatization and Investment Board met with the Director-General of the Turkish Investment Agency and his accompanying delegation on Sunday, 31st May, 2010.
Discussions covered the most efficient method of activating cooperation between Libyan and Turkish companies and how to develop commercial relations to relations based on partnership. This would then enable the Turkish and Libyan companies to contribute to the Development Programme for 2010-2012, as was previously agreed at the Libya-Turkey Business Form, held in Istanbul in May 2010.
Consideration was given to activating Libyan investment in Turkey, especially in the industrial and agricultural sectors. There was also agreement on the need to protect investments in both countries. The next Libya-Turkey Business Forum will be held in Tripoli in September 2010.
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