The deputy head of the Presidential Council Ahmed Mitig said Libya will have real investments that will be outside the budget, which he said will offer a certain facilitation only.

Mitig said Tuesday addressing Libya-UK business council’s gathering in Tunisia that foreign and Libyan investors’ presence in the Libyan market is very significant, mentioning the increase of the Libyan oil production, which has a development rate of 40% in 2017 and 2018.

“Investment in oil sector is very crucial to help support development projects in Libya.” Mitig added.

He also reviewed Libya’s economic issues that are caused by political division and the troubles the PC faced in 2016-2017 when it had to work without a budget and other hindrances, saying the PC has managed to overcome problems and started lately with economic reforms.

The gathering was attended by UK’s ambassador to Libya Frank Baker, Governor of Central Bank of Libya Al-Siddiq Al-Kabeer, Chairman of National Oil Corporation Mustafa Sanallah among other stakeholders.