Hommam Al Nassim 
A group of Chinese companies expressed their willingness to participate in the development of infrastructure and industrial sectors in Libya.
The discussions took place during two negotiating sessions on Monday with the Minister of Economy and Trade in the Interim National Unity Government, Muhammad Al-Hawaij, attended by senior officials from both parties, including the President of the General Federation of Chambers of Commerce, Industry and Agriculture, Muhammad Al-Raid, and the Chairman of the Business Owners Council, Rashid Sawan.
The discussions covered the possibilities available for cooperation between the two countries in the fields of investment and trade and discussed how to strengthen economic relations through signing bilateral agreements and memorandums of understanding that serve common interests.
Al-Hawaij stressed the importance of activating the Libyan-Chinese Economic Chamber and the necessity of facilitating the implementation of joint action plans between the two countries, expressing his support for the demands of Libyan companies to activate a joint chamber of commerce with China to achieve the desired economic cooperation.
Last year, Libya signed an agreement with China with a coalition of foreign companies to complete the work of the metro project with Chinese financing amounting to 30 billion euros.
Some news reports indicate that the volume of Chinese investments in Libya reached 80 billion US dollars before the events of 2011, and China is currently participating in many projects that include oil and infrastructure projects. Libya is also considered one of China’s most important trading partners in Africa, where the volume of Trade exchange between the two countries will reach about 10 billion US dollars in 2023.
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