Libyan Economy and Trade Minister, Dr. Suhail Abu Shiha, met with Severin Distract, Regional Director of the French Expertise Institute in Libya and Tunisia, on October 7, 2026. The meeting aimed to enhance cooperation in economic development, investment, and private sector support. The two parties reviewed existing projects and programs between the Ministry and the French Expertise Institute, including the "EU4Skills" and "Invest 4 Libya" projects.
The "EU4Skills" project was a key topic of discussion, with both sides reviewing progress made so far. They also agreed on a date for the next steering committee meeting for the project. Additionally, the minister and the French expert discussed the "Invest 4 Libya" project, which aims to improve the investment climate and support the private sector in Libya. The project is funded by the European Union and the French government.
Minister Abu Shiha emphasized his Ministry's readiness to launch a unified economic database electronically. This move is part of the Ministry's efforts to transition to digital services, improve economic data, and enhance the business environment in Libya. The meeting was attended by several officials, including the head of the Economic Section at the French Embassy in Libya and directors from the French Expertise Institute.
The "Invest 4 Libya" project focuses on supporting economic reforms, improving the investment climate, and promoting the role of the private sector in Libya. The project also aims to develop regulatory frameworks, support small and medium-sized enterprises, and promote entrepreneurship. The project's objectives align with Libya's efforts to diversify its economy and promote sustainable growth.
The meeting between Minister Abu Shiha and the French expert is part of Libya's efforts to strengthen economic ties with France and other international partners. The country's economy has faced significant challenges in recent years due to conflict and instability. However, the government is working to revitalize the economy and create opportunities for growth and development.
The Libyan Ministry of Economy and Trade is committed to implementing reforms and initiatives that promote economic growth and development. The Ministry's efforts to improve the business environment and support the private sector are crucial to Libya's economic recovery. The support of international partners, such as the French Expertise Institute, is also essential in this regard.
The discussion between Minister Abu Shiha and Severin Distract highlights the importance of international cooperation in Libya's economic development. The two parties agreed to continue working together to support Libya's economic growth and development. The meeting also underscores the French government's commitment to supporting Libya's economic reforms and development efforts.
Key points
- Libya's Economy Minister, Dr. Suhail Abu Shiha, met with French experts to discuss investment and private sector support.
- The meeting reviewed existing projects and programs between the Libyan Ministry of Economy and the French Expertise Institute.
- The parties discussed ways to enhance cooperation in economic development, investment, and private sector growth.
