The Libya International Conference on Industry and Technology, held in Tripoli from 20 to 21 May, concluded its activities yesterday with the international participation of researchers from Tunisia, Egypt, Sudan, Lebanon, China, Kuwait and Iraq, in the presence of the Minister of Italian Companies and Industry and the Deputy Minister of Industry of Turkey.
Conference recommendations
The wide range of recommendations made at the end of the conference included emphasizing the role of the state in supervising, directing and monitoring economic activity, and encouraging local and foreign investment in industrial projects.
The recommendations also called for developing technological capabilities, benefiting from the infrastructure of military industries, supporting the banking sector to achieve the necessary financing for industrial projects, in addition to focusing on protecting local products and encouraging investment in food and petrochemical industries.
The recommendations stressed the importance of international cooperation, benefiting from pioneering industrial experiences, developing laws and legislations that encourage investment, technology transfer, promoting innovation and entrepreneurship, confronting climate change, and holding workshops to implement the recommendations of the conference.
These recommendations aim to strengthen the Libyan economy and achieve sustainable development by involving various vital sectors in the development process.