Representatives from 18 states attended the International Conference for the Reconstruction of Benghazi. The conference was held at the Tibesti Hotel from May 5 – 10.
According to the state news agency LANA, representatives from various companies, members of the House of Representatives (HoR), the mayor of Benghazi and a number of other local government officials also attended the event. “The conference has seen the submission of more than 80 working papers,” said the chair of the conference’s Organising Committee, HoR member Aisha Al-Tabulgi.
She added that the Benghazi Investment Fund, as created by the HoR, would be valued at US$10-billion. This information was revealed during a presentation by the former Eastern Central Bank of Libya (CBL) Governor, Ali El-Hibri.
Al-Tabulgi went on to stress the importance of reform with regards to Libya’s investment laws so as to make investing more attractive to international companies. LANA reported that there were representatives from several Arab, European and Asian countries, including the United States, China, Greece, Britain, Egypt, Sudan, Palestine, New Zealand and Italy, among many others.
Although the conference ended on 10 May, the international exhibition accompanying the conference has been postponed until October to accommodate the large number of countries wanting to participate.