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Economy Minister to visit Libya today

posted on 01/04/2007: 779 views

Economy Minister, Sheikha Lubna Al Qasimi, will lead today a UAE delegation, made up of representatives from both the public and private sectors, to Libya to hold talks with Libyan officials with the aim of boosting economic ties between the two countries.

During the visit, Sheikha Lubna will participate in the inauguration of the Tripoli International Fair. She will address a forum, to be held on the fringe of that fair, on the UAE's experience on economic development.

Sheikha Lubna will hold talks with Libyan Prime Minister and his deputy, as well as with other Libyan officials to discuss ways to boost economic ties and to probe for opportunities to set up joint ventures.

Trade exchange between the UAE and Libya has witnessed in recent years a significant growth, surging to over two billion Dirhams in 2005 with UAE export to Libya standing at Dh1.726 billion and import from Libya standing at Dh242 million.

Al Tameer Holding of UAE announced last August its project in Libya at a total cost of Dh20 billion to become the biggest Arab investment in that country. (Emirates News Agency, WAM)


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