U.S. companies ready to enter Libyan market in near future: AmCham Libya


Posted – 26th March 2021

U.S companies are able and willing to enter the Libyan market and in the near future, Deputy Director of the American Chamber of Commerce in Libya (AmCham Libya), Ahmed al-Ghazali, told Libya Herald yesterday.

His statement followed on from a virtual meeting held between Libya’s new prime minister, Abd Alhamid Aldabaiba, and U.S. companies – hosted by AmCham Libya.

Al-Ghazali said AmCham Libya is keen to cooperate with Libya and find ways to increase the contribution U.S. investment can make to improving the Libyan economy and standard of living of Libyans.

Libya needs to diversify its economy away from oil and gas the and U.S companies are well placed to help it achieve that.

Referring to Aldabaiba’s meeting, Al-Ghazali said U.S. companies were encouraged to hear his commitment to making Libya an attractive destination for foreign investment through the creation of an enabling business environment and stability.

He said immediate interest from U.S. companies in areas of cooperation with Libya include the electricity, health and the mechanization of payments sectors. Others will follow soon, he explained.

U.S. Ambassador Norland participated in the virtual meeting.

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In light of the surge in commercial activity this may help those wishing to engage in Libya


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