Leading Turkish businessman urges Turkish counterparts to invest in Libya

Murtaza Karanfil, chairwoman of the Turkish-Libyan Business Council of the Foreign Economic Relations Board (DEIK), president of the Istanbul-based Association of Independent Industrialists and Businessmen (MUSIAD) and head of the Karanfil Group on Friday urged Turkish entrepreneurs to invest in Libya and become more active play roles.

Libya’s government of national unity has received praise and there are positive developments in the local economy, he said in a press release published by Turkey’s Anadolu Agency.

“As Turkish businessmen, we believe in Libya,” he said, adding that the bad impression of Libya should be changed

“We invite other countries in the region and businessmen to do business in Libya,” he said.

He stressed that Libya, thanks to its location, is open to cooperation in all trade areas.

Libya is Africa’s gateway
Construction, energy, technology, cybersecurity, health and tourism are prominent sectors in the country, he added. He also said that Libya is Africa’s gateway to the world.

Also Read :  Senior Manager, Safety and Access (Gaziantep, Turkey) - Türkiye

Economic diversification required
He stressed the fact that Libya’s only main source of income is oil and said the country should diversify.

Libya must take the initiative
He also said Libya should take the first step for investments and projects as it cannot expect foreigners to come and make investments or do business in the country.

There are untapped funds in Libya, which has 74 billion barrels of oil and 174 trillion cubic meters of natural gas, he said, adding, “I think partnerships can be made very easily.”

Noting that Libya was once Europe’s third largest oil supplier, he said the country still has economic ties with all African countries.

Also Read :  Bafana Bafana-Sierra Leone jeopardised by visa fiasco

All sides agree that the African continent can feed the whole world in 150 to 200 years, he emphasized.

For now, Libya is ready to provide Europe with the energy it needs, but there is still work to be done, he said.

Referring to Turkey’s construction sector in Libya, he said Turkish contractors got their first overseas experience in the country’s construction sector.

Relations with Libya have entered a more active phase following recent official visits by Turkish officials, he said.

Turkey must develop Libya-aligned African initiative: Murtaza Karanfil by MUSIAD (libyaherald.com)

Libya must pay its $4 billion debt to Turkish companies on an exchange basis: DEIK boss Karanfil (libyaherald.com)

Turkish Independent Business Association MUSIAD opens branch in Tripoli (libyaherald.com)

Also Read :  Cover Genius and Turkish Airlines Launch Partnership to

Turkish exports to Libya hit $1.2 billion, up 72.3 percent from June (libyaherald.com)

Turkey’s exports to Libya soared 67 percent this year – could triple by year-end | (libyaherald.com)

Blockade of Suez Canal speeds up establishment of Turkish logistics center in Libya for African trade | (libyaherald.com)

Turkish Parliament Passes Law on Sending Troops to Libya (libyaherald.com)

Turkish contractors: an overview of the negotiations for their return to Libya (libyaherald.com)

Turkey gets priority in Libya deals, security for power projects: Serraj (libyaherald.com)

Libya reviews health debt to Turkey (libyaherald.com)

Libya and Turkey set up committee to monitor return of Turkish companies (libyaherald.com)

Turkish companies ready to complete stalled projects in Libya : Libyan Ministry of Finance (libyaherald.com)

A $20 billion Libya-Turkey payments deal appears to be drawing closer (libyaherald.com)


Leave a Reply

Your email address will not be published.