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'Libya needs more investment by Turkish firms'

by Anadolu Agency

TRIPOLI, Libya May 19, 2023 - 2:18 pm GMT+3
An undated file photo shows the aerial view of Tripoli, Libya. (GettyImages)
An undated file photo shows the aerial view of Tripoli, Libya. (GettyImages)
by Anadolu Agency May 19, 2023 2:18 pm

Murtaza Karanfil, the chairperson of the Foreign Economic Relations Board's (DEİK) Türkiye-Libya Business Council has called for more investments in Libya stating that a large number of government industrial facilities from previous eras are not functioning.

"Currently, there are over 180 governmental industrial facilities from the era of previous governments that are idle in Libya," Karanfil told Anadolu Agency (AA) on Thursday.

He went on to state that some of these facilities are in good condition, which attracted the attention of Turkish businesspeople.

"The state owns seven facilities in the industrial zone in Tajoura. In 1977, a facility was established to assemble and install trucks and pickup trucks here in Libya. The facility was built with the best equipment at that time," he said.

Karanfil noted that he, along with a delegation of Independent Industrialists and Businessmen’s Association (MÜSİAD) from the central Turkish province of Konya, met a week ago with Libyan Deputy Prime Minister Ramadan Abu Jinnah, saying: "We held special meetings with cities in the country's south and the Southern Development Agency."

Karanfil said that Abu Jinnah invited the mayors of the Fezzan region to a meeting, adding that the Turkish delegation received a warm welcome and serious projects were discussed.

"We evaluated the trade route from the south to sub-Saharan Africa and other issues," he said.

He said that over 20 mayors attended the meeting and that the mayor of the city of Marj, east of Benghazi, said that "Libya's development will be with Türkiye."

Karanfil confirmed that they have been working in Libya for 35 years and that they have created over 1,500 job opportunities in Türkiye, stressing that "Libya is a fertile place for investment."

"We will open a second hospital in Tripoli after Misrata. We are able to establish the Libyan health infrastructure, and we are sure that there will be important changes in terms of health, tourism and trade, and the momentum will increase if Libya and Türkiye start granting entry visas mutually," he said.

Chief Commercial Adviser at the Turkish Embassy in Tripoli, Yusuf Yıldız also told AA that they plan to organize an exhibition for exporting Turkish products in Benghazi, eastern Libya, from May 29 to June 1.

Yıldız added that about 35 companies from Türkiye will participate in the exhibition in Benghazi.

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