Libya’s economic recovery took center stage at the Libyan-German Economic Forum which was held on March 8 in Tunis in the presence of the Chairman of National Oil Corporation (NOC), Mustafa Sanalla, the German Ambassador to Libya, Oliver Owcza, Deputy Head of the Presidential Council, Ahmed Maiteeq, representatives from Libya’s Central Bank and Ministry of Local Government as well as representatives from German financial institutions and corporations.
Prior to the forum, Sanallah had held a meeting with the German ambassador on February 11 in which he commended Germany’s high level of expertise in engineering and technology and invited German companies to seek investment opportunities in Libya in the oil and gas sector. Addressing a larger audience at the Forum in Tunis, Sanalla reiterated the opportunity made available to German and international companies in the oil sector and highlighted the need for additional technological expertise to help drive Libya’s economic recovery.
For their part, a number of German companies expressed a strong desire to return and invest in Libya with a particular interest in the oil and gas sector. The NOC reported that the two sides took the opportunity to discuss mutual commercial opportunities, including investment in development projects, the support of small and medium-sized enterprise growth, and specialized technical training.
