Malta "Potential Libya Investment Base"

The chairman of the Dubai Chamber of Commerce, Abdul Rahman Saif Al-Ghurair, has said that companies in Dubai are interested in using Malta as a base to invest in Libya.

Libya Herald reports that, speaking after the signing of a Strategic Partnership Agreement with the Malta Chamber of Commerce, Enterprise and Industry in Dubai, Mr Al-Ghurair said:

Dubai Chamber members are looking abroad for expansion and can use Malta as a base to sell their products and invest in Europe and North Africa, including Libya ...

"[Likewise, Maltese companies working with Dubai-based organisations] can offer their products and services in the UAE and the wider Gulf area thus the two sides can build a stronger presence in these markets”.

Tonio Casapinta, the chairman of the Malta Chamber’s Middle East Business Council, told the news agency:

“Dubai-based companies who will be looking at Africa could easily look at Malta at a base from [which] to do business.”

Casapinta is also a member of the board of the Libyan-Maltese Chamber of Commerce and his Casapinta Design Group operates a joint venture, PAN Libya, with Tripoli-based exhibition organisers ATEX.

Emiratis companies such as Emke Group with its Lulu chain of supermarkets, telecoms giant Etisalat, as well as various Emirati banks and other financial institutions, have said they plan to enter the Libyan market.

(Source: Libya Herald)

2 Responses to Malta "Potential Libya Investment Base"

  1. Ali Elseid 7th October 2014 at 4:40 pm #

    Companies in UAE can invest more than $300 billions in Libya during a period of 3-5 years. This investment will make a verry good progress in the Libyan Economy.

  2. Ali Elseid 7th October 2014 at 4:55 pm #

    Companies in UAE can invest more than $300 billions in Libya during a period of 5 years. This investment will make a very good progress in the Libyan Economy.

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