The Misrata Chamber of Commerce hosted a delegation from the Chinese Chamber of Commerce for Petroleum Industries to discuss expanding economic and investment cooperation, with a focus on energy, industrial projects, and technology transfer in Libya.
The Misrata Chamber of Commerce has received a delegation from the Chinese Chamber of Commerce for Petroleum Industries at its headquarters in Misrata, aiming to strengthen economic and investment ties between Libya and China. The meeting brought together Fathi Al-Amin Al-Turki, Chairman of the Misrata Chamber, along with senior chamber officials, and Ms. Ma Li, Secretary General of the Chinese Chamber of Commerce for Petroleum Industries.
Chinese Interest in Libyan Market and Industrial Projects
During the discussions, representatives from the Chinese Chamber expressed a clear interest in the Libyan market, highlighting their intention to support Chinese companies seeking to invest in Libya. Areas of focus included the establishment of factories, industrial projects, and collaboration in the oil, petrochemical, and renewable energy sectors. Both sides also discussed the transfer of industrial expertise and technology as part of broader cooperation efforts.
Focus on Solar Energy and Investment Facilitation
The talks identified opportunities for implementing industrial solar energy projects in Misrata, leveraging the city's strategic industrial and commercial position. The Misrata Chamber of Commerce affirmed its readiness to facilitate investment by providing support to businesspeople and companies, and to address obstacles to effective partnerships. The goal is to stimulate economic activity and attract further investment into Libya's private and industrial sectors.
Next Steps for Bilateral Cooperation
At the conclusion of the meeting, both parties agreed to maintain ongoing communication and coordination. Plans were made to organise bilateral meetings between Libyan and Chinese business representatives to further explore cooperation and partnership opportunities, with the aim of advancing investment and industrial projects in Libya.
