Benghazi – The Libyan Business Owners Council Forum in the Eastern Region hosted extensive economic activities. It saw participation from numerous businesspeople and investors. Several major Egyptian real estate development companies also attended. The event aimed to boost economic cooperation. It also sought to exchange investment expertise between Libya and Egypt.
Fahmi Al-Jahmi, Chairman of the Libyan Business Owners Council in the Eastern Region, spoke at the forum. He emphasized that the forum supports and enhances the business environment in the Eastern Region. It directs economic capabilities towards effective partnerships. These partnerships contribute to achieving development. Al-Jahmi stressed that the forum is more than just an economic gathering. It confirms the importance of building dialogue bridges between public and private sectors. This dialogue is a fundamental pillar for national economic prosperity. Economic advancement requires integrated efforts. It also needs support for micro, small, medium, and large projects.
Al-Jahmi noted that the Council, with its partners, aims to open a new branch. This branch will be in Benghazi Municipality. It will serve as an incubator. It will provide economic services beneficial to the nation. The goal is to produce practical and implementable recommendations.
Ezzedine Al-Gharabi, the newly elected Mayor of Benghazi Municipality, expressed his full support for the forum. He affirmed that the municipality’s direction to back this event highlights the importance of partnership with the private sector. He hoped the forum would result in a clear vision for economic work. Al-Gharabi emphasized the municipality’s readiness to provide necessary support and facilities. This includes assistance for companies and investors. These efforts contribute to the advancement of the economic sector.
Ali Al-Saidi, the Libyan Government’s Minister of Investment, explained the current phase. It marks a transition in the economic reform path. He noted flaws in investment regulating legislation. These require reconsideration. Al-Saidi confirmed that this meeting aims to provide well-studied proposals. These proposals offer real opportunities for business owners and investors. They also reflect the state’s interest in the investment sector. Furthermore, they aim to create a suitable environment for investment.
The forum discussed real estate opportunities in the Egyptian market. It also covered prospects for economic partnership and international cooperation. Furthermore, it aimed to develop the investment and commercial environment. These efforts support sustainable development pathways. The forum was held under the slogan “Leadership – Partnership – Sustainability.” This was a pivotal step in the Libyan Business Owners Council’s efforts. It aims to solidify institutional economic work and update its tools. The event gathered officials, financial experts, and decision-makers. Their goal was to shape a new phase of integration among private sector components.
The forum’s discussions included digital transformation. It also focused on building economic power alliances. Activating the economic networking platform was another key topic. Additionally, participants addressed current financial challenges. They presented practical proposals for developing domestic investments. The forum also aimed to enhance cooperation with relevant Arab and international councils, federations, and organizations.
The forum’s objectives also included holding economic seminars and conferences. It sought to improve personnel efficiency. Supporting partnerships between large, medium, and small companies was another goal. Discussions also covered the repercussions of exchange rate fluctuations. Participants proposed appropriate solutions to address these issues.
The forum saw the announcement of the Libyan Business Owners Council’s website launch. Several Memoranda of Understanding (MoUs) were also signed. This step aims to strengthen economic networking paths. It also supports the sustainability of investment cooperation, locally and internationally.