Libyan officials have discussed with a high-ranking Russian economic delegation mechanisms to strengthen investment and trade cooperation, as well as the reactivation of the Libyan-Russian joint committee. Chairman of the Management Committee of the Misurata Free Zone (MFZ) in Libya Mohsen Al-Suqutri met on Monday with Russia’s Ambassador to Libya, Aydar Aganin, in the presence of Libya’s ambassador to Moscow, Emhemed Almaghrawi. The visit aimed to review the economic and investment potential offered by the free zone and the opportunities available for cooperation and partnership. The Russian delegation included several businessmen, as well as heads and representatives of companies and institutions active in industrial, commercial, investment, and scientific research sectors. The Russian ambassador praised the strategic geographic location of the Misurata Free Zone, considering it an important hub connecting regional and international markets, and highlighting its attractiveness for investment in light and heavy industries and other sectors. Both sides discussed opportunities for economic and investment cooperation and the possibility of establishing partnerships and projects that would contribute to boosting economic development and expanding areas of collaboration between the two countries. The Minister of Transport and financial adviser to the prime minister in the Government of National Unity (GNA), Mohamed Al-Shahoubi, met with the Russian economic delegation in Tripoli. The meeting was attended by several ministry officials, the Libyan and Russian ambassadors, as well as representatives from the ministry of foreign affairs and international cooperation. The meeting addressed several issues of mutual interest, particularly in the sectors of transportation, infrastructure, and logistics services. It also explored opportunities for economic and investment cooperation that would serve shared interests and strengthen the partnership between the two countries. The two sides also discussed mechanisms for reviving the Libyan-Russian joint committee, in a way that would help advance cooperation and activate agreements and memoranda of understanding previously signed between Libya and Russia. The conferees stressed the importance of continued coordination, consultation, and exchange of expertise in support of development efforts, and to enhance the transport sector and economic relations between the two states.
