The Libyan Industries Federation and the Maghreb Bank for Investment and Foreign Trade announced the signing of a memorandum of understanding (MoU) on Saturday, aimed at expanding prospects for joint action and cooperation between the two parties.
The Ministry of Economy and Trade in the Government of National Unity clarified, in a statement, that the most important objective of the MoU is to boost the financing available to Libyan industrial institutions.
This approach is positioned within the context of supporting plans for the localisation of the industrial sector and achieving targeted spatial development. Salim Aniba, Deputy Chairman of the Federation’s Board, represented the Libyan side in the signing, while Fawzi Abu Khuzam, the General Manager, signed for the Maghreb Bank, with Yousef Tantoush, the Commercial Attaché at the Libyan Embassy in Tunis, also present.
