A conference on the rebuilding of Libya’s infrastructure will be held on 27-28 June in Dubai, United Arab Emirates (UAE), with the support and endorsement of Dubai Chamber of Commerce & Industry, according to a statement sent to PANA by the Chamber.
The conference will bring together production, service and supply companies from the world’s leading technology companies, in a major showcase of various industry expertise reflecting the importance of the vital sectors to Libya’s economy.
Over 150 representatives from Canada, China, Germany, Egypt, Italy, UAE, UK, GCC, Middle East, USA and other countries are expected to participate in the event, which they will use to demonstrate and reassure their commitment to the Libyan market and create and strengthen
their trading links with Libya’s public and private sector business communities.
Visitors will include Libyan government officials and private sector planners, procurement officials, engineers of all disciplines, global specialist contractors, consultants and trading agents providing the essential contacts necessary for the participating companies to secure a part in Libya’s economic development programme.
According to Mr. Atiq Juma Nasib, Senior Director, Commercial Services Sector, Dubai Chamber, Dubai Chamber members’ exports and re-exports with Libya registered a 43% growth from its December 2011 figures of AED (Arab Emirates Dirham) 261 million (US$71million) to AED 374 million in January 2012.
Mr. Nasib described the growth as a good indicator of rising trade with the African country, noting that the Dubai Chamber’s endorsement of the conference will go a long way in supporting the competitiveness of Dubai’s business community and opening up the gates of opportunities in the Libyan markets.
“Libya is a promising destination for Dubai’s business community as the country’s re-development process offers excellent opportunities for Dubai Chamber members to use their expertise and benefit from the growth prospects offered by the country’s trade, infrastructural, and financial services sectors,” Mr. Nasib said.
On his part, Mr. Raj Menon, principal host of Arabian Reach FZ LLC, a UAE-based marketing & promotions company, said the benefit expected from the conference would extend to the cooperation between UAE and North Africa, as well as West Africa countries.
“The Conference and Exhibition is also a practical and significant stride towards opening new markets for UAE traders, manufacturers and services establishments in Libya, which is considered a gateway to the North African countries including Tunisia, Algeria, Morocco and Mauritania besides the West African countries including Mali, Togo, Niger, Nigeria, Senegal, Ivory Coast, Ghana and Chad,” he said.
Stressing that these countries are net importers of various types of goods to durables, raw material and machinery, Mr. Menon said Libya was also strategically located close to the north Mediterranean countries, including Malta, Cyprus, Greece, Italy, France and Spain.
It recalled that the UAE is playing an active role in supporting Libya on political, military, security and humanitarian grounds while also offering technical support.
Established in 1965, the Dubai Chamber of Commerce and represents, supports and protects the interests of the business community in Dubai by creating a favorable business environment, supporting the development of business, and promoting Dubai as an international business hub.