During his participation in the ninth Future Investment Initiative (FII9) in Riyadh, Eng. Belqassem Khalifa Haftar, Chairman of Libya’s Reconstruction and Development Fund, presented a comprehensive vision for the ‘New Libya’. This vision is fundamentally built upon key pillars: youth empowerment, achieving sustainable development, and embracing international partnerships.
Haftar asserted that Libya is currently undergoing a radical economic transformation, effectively turning the country into an “integrated workshop for reconstruction and production.” He noted that this shift has led to a drop in unemployment rates and the creation of thousands of job opportunities for young people. To sustain this momentum, he announced the launch of the National Scholarship Project aimed at developing the nation’s future leaders.
The Chairman detailed the tangible achievements realized since 2021, reporting that the Fund has executed over 2,000 projects across multiple vital sectors, including health, education, infrastructure, and housing. He indicated that these efforts have effectively contributed to restoring stability in cities such as Derna and Murzuq, stressing that developmental work seeks to transform crises into opportunities. He also expressed appreciation for the support provided by the Kingdom of Saudi Arabia during challenging times.
Haftar also revealed an ambitious plan to develop the city of Benghazi, intending to establish it as Libya’s economic capital and the largest economic and commercial center in the Middle East and North Africa.
In closing, Belqassem Haftar issued an explicit invitation to international investors to join the country’s ongoing reconstruction and development drive, affirming that this effort will position Libya as a sustainable investment destination and a pivotal regional and international hub.