The Libyan Investment Authority (LIA) presented its plan concerning the implementation of several projects inside the country during a meeting attended by the prime minister and the governor of the Central Bank of Libya (CBL) on Wednesday.
Chairman of the LIA, Ali Mahmoud, briefed the members of the LIA Board of Trustees on the corporation's plan for implementing investment projects, including a major project planned for the renewable energy sector that according to him would generate high yields.
According to the government Hakomitna platform, the meeting was also joined by senior officials from the Audit Bureau, including the Director of the Sovereign Sector Oversight Department, Reda Qarqab, and the Director of the Service Sector Oversight Department, Abdelbaset Jaboua.
The CBL Governer/ member of the LIA Board of Trustees, Saddek Elkaber, said that completing stalled projects executed by foreign companies is a priority as many of them have been suspended for more than a decade, noting the importance of evaluating the assets and investment feasibility before proceeding with these projects.
For his part, Dbeibah called for prioritizing internal investment, especially in vital projects, and coordinating with state institutions to ensure the legality of procedures, urging the LIA to involve international offices as houses of expertise.
Dabaiba also underscored the importance for the LIA to continue its disclosure, transparency, and governance strategy under the supervision of the Board of Trustees.