Libya Plans To Launch Vast Reconstruction Program With Int'l Support
Faizan Hashmi Published November 12, 2019 | 01:57 PM
Libya is preparing to launch a comprehensive reconstruction program with the support of several international organizations including the World Bank, said Libyan Minister of Planning Taher Al-Juhaimi on Tuesday
RABAT, (APP - UrduPoint / Pakistan Point News - 12th Nov, 2019 ):Libya is preparing to launch a comprehensive reconstruction program with the support of several international organizations including the World Bank, said Libyan Minister of Planning Taher Al-Juhaimi on Tuesday.
Speaking at the first Libyan investment economic forum held in Morocco's capital Rabat, Al-Juhaimi said the Libyan government is reviewing its five-year development plan by redefining the priorities of some 4,000 projects worth around 100 billion U.S. dollars.
Priority will be given to projects for reconstruction and modernization, including projects in sectors of education, health, housing, basic services and infrastructure, he added.
The investments in oil and gas sectors will reach 12 billion dollars over the next five years, the minister noted.
Libya aspires to attract both Libyan and foreign private investors to implement the development plan, he said.
The Libyan government intends to show foreign investors the economic opportunities in Libya so that they can contribute to the development and reconstruction of the country, said Al-Juhaimi.
Libya is also considering developing renewable energy, especially solar energy, as well as water desalination plants, he added.
Organized by the Libyan General Union of the Chambers of Commerce, Industry and Agriculture with the sponsorship of the Libyan Presidential Council, the two-day forum on Libya kicked off on Monday.
Related Topics
Recent Stories
Tennis: ATP Barcelona Open results - 1st update
Swiatek's perfect 10 in Stuttgart as Vondrousova stuns Sabalenka
Arandu's roads closed due to flooding
Oil tanker catches fire in Islamabad’s Blue Area
Pakistan committed to ensure safety of foreign nationals: FO
Tennis: WTA Stuttgart results - 1st update
Four passengers injured as train hit an empty vehicle
Over- speeding bus crushed to death two bike riders
Turkey's Freedom Flotilla ready to set sail for Gaza
French teen dies from heart failure after knife attack near school
Iranians appear unfazed by Isfahan blasts
UAF celebrates Int'l Chinese Language Day
More Stories From World
-
Togo lawmakers approve contested political reform
4 hours ago -
NATO must choose 'whether we indeed are allies': Zelensky
4 hours ago -
US House to vote on Ukraine, Israel, Taiwan aid package
4 hours ago -
Calls for calm after reported Israeli strike on Iran
5 hours ago -
IMF calls on EU to deepen single market integration to boost growth
5 hours ago -
Second Ecuadoran mayor killed ahead of anti-crime referendum: police
5 hours ago
-
Oil, gas drilling blocked in Alaska wilds as Biden seeks green cred
5 hours ago -
Man sets self on fire outside Trump trial
5 hours ago -
Turkey's Freedom Flotilla ready to set sail for Gaza
7 hours ago -
French teen dies from heart failure after knife attack near school
7 hours ago -
Iranians appear unfazed by Isfahan blasts
7 hours ago -
Ecuador mayor killed ahead of anti-crime referendum: police
7 hours ago