Tripoli Hosts Libyan-Italian Economic Workshop to Forge Sustainable Investment and Development Models

Libyan and Italian officials meet in Tripoli to strengthen economic ties, focusing on investment board cooperation, banking reforms, and sustainable development models.

By: AXL Media

Published: Apr 28, 2026, 10:40 AM EDT

Source: Information for this report was sourced from Libya Herald

Strategic Dialogue for Bilateral Economic Integration

A high-level joint workshop aimed at redefining the economic partnership between Libya and Italy was held in Tripoli on April 27, 2026. Organized by the Ministry of Foreign Affairs and International Cooperation, the event brought together a diverse group of government officials, economic experts, and prominent businesspeople. The primary objective was to move beyond traditional trade toward a comprehensive and sustainable model of cooperation that addresses contemporary economic challenges and leverages the historical ties between the two Mediterranean nations.

Privatization and Investment Board Outlines Growth Horizons

The Privatization and Investment Board (PIB) played a central role in the discussions, represented by Mohamed Al-Shawish, Director of Investment Affairs, and Ahmed Dagdag, Head of Promotion. Al-Shawish emphasized that the workshop marks a critical turning point in establishing an effective economic partnership. He noted that by unifying the visions of both public and private sectors, the two countries can significantly enhance investor confidence within the Libyan economic environment, opening new doors for joint ventures and large-scale industrial projects.

Optimizing the Business Environment and Banking Procedures

Participants addressed several structural hurdles currently affecting the ease of doing business between the two countries. A key focus was the activation of relevant economic institutions and chambers of commerce to provide better support for cross-border enterprises. Furthermore, discussions prioritized the streamlining of financial and banking procedures. By simplifying these processes, officials hope to encourage more Italian companies to participate in Libyan infrastructure and development projects, ensuring that capital flows are efficient and transparent.