Libya, one of the UAE's oldest Arab investment partners, wants to build on a 40-year relationship, as was shown only last week when the two nations signed a US$11 billion (Dh40.4bn) joint investment deal.
Libya is seeking investment from the UAE and other Arab countries as it works to position itself as an economic hub linking African resources to European markets.
To further its goal, two years ago the North African country embarked on a multi-year, $240bn infrastructure development programme, to include the construction of roads, airports, seaports, railways, schools and hospitals, Jamal Ellamushe, the Libyan minister of privatisation and investment, told a forum in Abu Dhabi yesterday.
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