Libya's Ministry of Economy and Commerce, under the temporary unity government, has announced the adoption of 52 new decisions to open branches for foreign companies and accredited representative offices in Libya. These decisions aim to enhance economic activity, expand the presence of foreign companies in Libya, develop the business environment, and support investment. The decisions were made by Minister Suhail Boushiha.
The new decisions include the opening of new branches, extension and renewal of existing branches, and the opening and extension of representative offices. They also involve adopting regulatory amendments in accordance with existing legislation. The decisions cover companies and institutions from various countries, including Turkey, Egypt, the United Kingdom, Germany, Italy, China, Tunisia, Jordan, and the United Arab Emirates.
The economic activities of these companies vary, including oil and gas services, drilling, oil field services, construction, infrastructure, engineering, aviation, transportation, and logistics. Other activities include technical and engineering consulting, water treatment, environmental solutions, industry, trade, investment, technology, and specialized services. These activities are expected to support Libya's development efforts and enhance the national economy.
In the first half of 2026, 91 foreign commercial agencies representing 27 countries were registered. Additionally, Minister Boushiha adopted 13 decisions related to foreign companies. During the same period, 19 joint companies were established in Libya. These statistics indicate a growing trend of foreign investment in Libya.
The Ministry of Economy and Commerce emphasized its commitment to organizing the activities of foreign companies and representative offices within the approved legal frameworks. This aims to promote transparency, support the transfer of modern technologies and expertise, and open up broader avenues for economic and investment cooperation.
The decisions are expected to support Libya's sustainable development and stimulate economic growth. A list of the newly approved foreign companies and those with extended presence in Libya has been released by the Ministry. The list includes companies from various sectors, such as oil, construction, and services.
The Libyan government's efforts to attract foreign investment and promote economic growth are ongoing. The Ministry of Economy and Commerce continues to work on creating a favorable business environment and implementing policies that support investment and economic development. The recent decisions are expected to contribute to the country's economic recovery and growth.
Key points
- The Libyan Ministry of Economy and Commerce has adopted 52 new decisions to open branches for foreign companies and extend existing ones.
- The decisions cover companies from various countries, including Turkey, Egypt, and the United Arab Emirates.
- The economic activities of these companies vary, including oil and gas services, construction, and logistics.
