Malta Enterprise is organising a business delegation to Libya with a specific focus on the ports and maritime services, thus providing companies operating in this industry the opportunity to explore the business and investment opportunities that post-revolution Libya is offering.
Led by the Minister of Finance, the Economy and Investment and the Minister for Fair Competition, Small Business and Consumers, the business delegation will be held between April 16th and 19th, 2012 and is the first one to take place since the uprisings that revolutionised the country.
Nonetheless, at an institutional level Malta Enterprise has already visited Libya and, in tandem with the Malta Enterprise Commercial Office in Tripoli, strived to establish the formal structures so that it could offer local enterprises a good launching pad to do business in Libya, whilst also facilitating the process for Libyan enterprises looking at trade and investment opportunities in Malta.
"The work we have done in the background in the past months was crucial to ensure that any imitative we undertake can have a successful outcome, given that practically all institutions and business support organisations in Libya underwent radical reforms. In this sense, the partnership agreement Malta Enterprise has signed with the General Board for Ownership and Investment within the Libyan Ministry for Economy paves the way for our initiatives," said Malta Enterprise Executive Chairman Alan Camilleri.
"Now that the situation has somewhat stabilized, we can look with optimism at organising the first of a series of sectoral delegations to Libya, which on this occasion shall be focusing on the maritime industry. This delegation is an opportunity particularly for those Maltese companies with established links to international co-investors, collaborators and principals. The information we have is that although there is still a degree of uncertainty and it will take some time until opportunities become clearer, it is time for Maltese businesses to start exploring such opportunities.
"We had an overwhelming response to our call for interested parties to participate in the business delegations with more than 450 companies approaching Malta Enterprise. Thus, also in consideration of the Libyan authorities' recommendations, we have decided to organise a number of exploratory business delegations, each focusing on a specific sector," Mr Camilleri explained.
Amongst others, the business delegation in April is aimed at business operating in the marine engineering, construction and technical services; ship repair, port management and other services; industrial fish processing and farming; yacht marina development and management; as well as maritime training and value adding services.
Malta Enterprise will assist the participating enterprises in the setting up of business meetings with their counterparts in Libya, while visits to a number of ports are also being planned so that Maltese enterprises can view the operating environment in these regions as well as meet the port authorities overseeing them.
Within the context of the efforts to rebuild Libya, Malta Enterprise and Transport Malta shall also be organising two separate seminars for Libyan officials involved in regulating these sectors with the aim of providing training and assistance to these public bodies based on Malta's expertise in these fields.
For further information contact the Internationalisation Unit within Malta Enterprise on 2542 0000 or via email email@example.com.
The Application Form may be downloaded by following the link below