The Libyan Fund for Internal Investment and Development, together with the National Company for Building Material Industry, has signed a partnership agreement for establishing a cement plant in Nalut mountain town, with an estimated production capacity of one million and 600 thousand tons annually.

"The agreement comes as a culmination of the efforts exerted by the Presidential Council (PC) and the Central Bank of Libya (CBL) in order to jump-start the national economy," CBL stated on Facebook.