The Dubai Chamber of Commerce and Industry is organising a Libya Strategic Investment Forum to be held in Dubai on May 7.
The announcement came on the heels of a Dubai Chamber delegation's participation in the recent TEDx Tripoli conference held in the Libyan capital which saw a large turnout of business leaders, decision makers and entrepreneurs from the world over. The high level delegation was led by H.E. Abdul Rahman Saif Al Ghurair, Chairman, Dubai Chamber.
H.E. Al Ghurair said that Libya is a promising destination for Dubai's business community as the country's redevelopment 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 as well as to increase their competitiveness in the Libyan market.
“As part of our efforts to explore new and lucrative markets for our members, Dubai Chamber has been closely monitoring the economic situation in Libya and has also been active in gathering the necessary information on the potential business in the Libyan market," added H.E. Al Ghurair.
Dubai Chamber is also extending its support and endorsement to the Libya Infrastructure & Rebuild Conference which will be held in June in Dubai. Currently, there are 302 Libyan partnership firms registered with Dubai Chamber and operating in Dubai as the Emirate's non-oil trade with Libya in the first five months of 2011 stood at AED 1.3 billion while trade with the country valued at AED 7.5 billion in 2010 and AED 8.1 billion in 2009.
(Source: CPI Financial)