A Business Delegation drawn from members of the Libyan British Business Council (LBBC) will visit Tripoli, Zliten and Misurata from 19-23 February 2024.  The LBBC is grateful to British Arab Commercial Bank (BACB) and Bank ABC for their generous support as Gold Sponsors of the business delegation.

Peter Millett, Chairman of the LBBC, will lead the delegation which includes British companies representing a wide range of sectors.  This is the LBBC’s third visit to Libya in the last two years and reaffirms British companies’ commitment to supporting Libya’s economic development.  It continues the LBBC’s engagement with Libya’s economic institutions and interest in developing strong links with Libya’s private sector.

The delegates will follow an intensive programme of meetings and events including a meeting with the Board of the National Oil Corporation (NOC) and the Chairmen of several Operating Companies.  The events will include an half day conference on 21 February which will open with a keynote speech by HE Saddek Elkaber, Governor of the Central Bank of Libya (CBL).  Delegates will then have the opportunity to hear and question senior bankers from the Libyan Foreign Bank (Faisal Othman, Assistant General Manager, Investment), the BACB, Bank ABC and the Libyan Investment Authority (LIA), represented by its Chairman Dr Ali Mahmoud.  This session will be moderated by Mr Salim Abukhzaam of the BACB and will address the theme ‘Bridging the Divide between Libya and the International Financial Market’.

Mr Ghassan Attiga of Bank ABC will moderate the second session which will focus on Libya’s infrastructure plans and requirements.  Panelists will include Eng Tahar Taiab, the Deputy Director General of the Housing & Infrastructure Board (HIB), Dr Abdelsalam Alansari, the Chairman of the Renewable Energy Authority of Libya (REAOL) and Dr Mohamed Tumi Founding Partner of Tumi Law Firm.

Other meetings during the programme will focus on the Libyan private sector which will play an increasingly central role as the Libyan economy develops.  Delegates will meet Libyan business people at meetings with the General Union of Libyan Chambers of Commerce (GULCC, who are also hosting the delegation), the Libyan Businessmen Council, a networking reception hosted by the British Embassy, the Mayor and business community of Zliten (at the Whiba Industrial Complex) and the Misurata Chamber of Commerce under its Chairman, Mr Fathi Alamin.  In Misurata, the delegates will also call on Mr Muhsin M Sigutri, Chairman of the Misurata Free Zone (MFZ), and gain an understanding of the key economic significance of, and opportunities represented by, the MFZ.

The LBBC is grateful to its Gold Sponsors, the British Embassy and to all the Libyan organisations, business people and others who have agreed to host all or part of the programme or have helped organise it.  Above all, we are grateful to our delegates whose support for the delegation confirms our confidence in the business links between Libya and the UK and the prospects for growing them further to the benefit of both peoples.   This reflects the LBBC’s commitment since its formation in 2004 which it will continue pursue through its services to members, contacts with our Libyan friends and future business delegations to Libya’s main centres.


Notes for Editors:

The LBBC is a non-political membership organisation established in 2004 to promote business and trade between the UK and Libya.  It provides business information to its 100+ British and Libyan member companies, organises networking events in the UK and business delegations to Libya (Tripoli, Benghazi and, once more, Misurata) and provides a range of services to its members.

For further information contact: events@lbbc.org.uk