The head of the Federation of Libyan Chamber of Commerce and Industry, Mohammed Al-Raeid, said that China has allocated 5 billion dollars out of $ 20 billion of its investments in Africa to Libya.

“Libya is still considered a distinctive investment destination,” Al-Raeid said in a press statement on the sidelines of the Egyptian-Libyan Business Forum in Cairo Tuesday, noting that he had sensed a desire among the Chinese to expand their investments in Libya during his meetings and contacts with Chinese officials and businessmen.

Source: Libya Observer