A Memorandum of Understanding (MoU) was signed at the Élysée Palace in Paris between Libya’s National Development Authority and the French national agency “Business France.” The move signals a mutual commitment to advancing economic cooperation and expanding investment partnerships between the two countries.
Representing the National Development Authority at the signing ceremony was the Director of the International Cooperation Office, Faraj Al-Jareh, with the Director-General of the Authority, Mahmoud Al-Ferjani, in attendance. The high-level French delegation included Paul Soler, the French President’s Special Envoy, Thierry Fale, the French Ambassador to Libya, Benoît Tréfoüel, Acting CEO of Business France, and Philippe Garcia, Director of the North Africa Office. The senior French representation reflects the importance placed on deepening collaboration with Libya via the National Development Authority.
The ceremony also featured the participation of Engineer Belgacem Haftar, Director-General of the Libyan Development and Reconstruction Fund, along with his accompanying delegation. Their presence added an extra dimension to the agreement, linking it directly to potential investment and reconstruction opportunities in Libya.
This MoU establishes a practical framework for supporting joint work in key areas, including investment, innovation, and the development of small and medium-sized enterprises (SMEs). The partnership will also encompass the exchange of expertise and the organisation of joint economic and commercial events, with the fundamental goal of backing sustainable development pathways in Libya.