Saudi Arabia

The Saudi Minister of Commerce, Majid Al-Qasabi, has proposed holding an international conference in Libya to showcase the country's future investment potential. 

The conference would be attended by global investors and major companies, including those from the Gulf region.

Al-Qasabi expressed the Kingdom's willingness to cooperate with Libya and provide technical and advisory support in the areas of economy, trade, investment, and development.

The proposal was made during a meeting between Al-Qasabi and the Libyan Minister of Economy and Trade, Mohamed Al-Hwaij, on the sidelines of the 13th Ministerial Conference of the World Trade Organization in Abu Dhabi, UAE.

Al-Hwaij highlighted that Libya's strategic location makes it a vital transit point for trade in Africa and a key centre for trade between Europe and Africa. 

He also highlighted the country's natural resources, such as natural gas, which offer significant prospects for energy and infrastructure development.