laip

‎The Libya Africa Investment Portfolio (LAIP) announced positive results in its talks with the Mozambican authorities regarding the Libyan-owned rice project, explaining in a statement that this step came after a series of intensive meetings held by its delegation with the relevant authorities in Mozambique.

The Chairman of LAIP's Board of Directors confirmed reaching an agreement with the Mozambican Investment and Export Promotion Agency regarding the allocation of an alternative area of ​​land in the Gaza Province, which constitutes a pivotal and decisive step towards resuming the rice farming project.

LAIP added that a team of specialized engineers conducted a comprehensive inspection of the factory's equipment, noting that the inspection results showed that the current equipment is estimated at 80%. The delegation also agreed with the Director of the Mozambican Investment and Export Promotion Agency on the organizational and logistical arrangements necessary to resume the project.

The Director of the Africa and Middle East Department at the Mozambican Ministry of Foreign Affairs confirmed the ministry's full support and commitment to providing the required facilities to ensure the project's success.