en.Wedoany.com Reported - Tripoli—Libyan Prime Minister Abdel Hamid Aldabaiba met yesterday in Tripoli with a delegation comprising multiple Omani investment and energy companies. The meeting focused on opportunities for strategic investment partnerships between the two countries, as well as prospects for cooperation in the energy sector and priority economic projects.
During the meeting, the Libyan Investment Authority (LIA) and Oman's OQ Group signed a memorandum of understanding aimed at exploring investment and cooperation opportunities in the Libyan market. The memorandum seeks to support efforts to diversify the national economy and attract high-quality investments, particularly in the fields of clean energy and strategic value-added projects.
OQ Group, formerly known as Oman Oil Company, is an energy investment company headquartered in Muscat, Oman, and is wholly owned by the Omani government through the state-owned enterprise Oman Investment Authority.
The two sides also discussed cooperation opportunities in the oil, gas, and renewable energy sectors, as well as the possibility of developing joint projects, facilitating knowledge transfer, and expanding economic partnerships between the two countries. This aligns with the government's direction to promote sustainable development and enhance the investment sector's contribution to supporting the national economy.
Attending the meeting were Minister of Oil and Gas Khalifa Abdel Sadig, Minister of State for Prime Minister and Cabinet Affairs Mohammed bin Ghalbon, Head of the Prime Minister's Initiatives and Strategic Projects Implementation Team Mustafa Al-Mana, Chairman of the Libyan Investment Authority Ali Mahmoud, as well as OQ Group CEO Ashraf bin Hamad Al-Maamari, CEO of Abraaj Energy Services Saif bin Saeed Al-Hamhami, and several senior executives from the group and its subsidiaries.
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