Libya, Algeria, Tunisia seek economic boost

Business leaders and government officials from across North Africa assembled on Friday for the opening of the 6th annual Tunisian-Libyan-Algerian Investment Forum, aiming to forge new economic partnerships and unlock investment opportunities in the region.

The three-day event, held under the theme “Investment Prospects in Neighbouring Countries,” brought together over 50 companies from Libya and Algeria, along with more than 20 Tunisian firms and high-ranking officials from all three countries.

Mounir Qazm, the head of the forum, emphasised the event’s focus on fostering regional cooperation and achieving sustainable economic development. “We are looking to create partnership agreements that will drive joint investment and enhance regional economic integration,” Qazm said.

The forum comes amidst a broader push by the North African nations to strengthen economic ties. In April, the leaders of Libya, Algeria, and Tunisia pledged their commitment to support regional stability and pursue comprehensive economic integration.

Building on these efforts, a joint council was established in July by the Libyan General Union of Chambers of Industry, Commerce and Agriculture, the Algerian Economic Renewal Council, and the Tunisian Confederation of Industry, Trade and Handicrafts. This council is tasked with exploring investment partnerships, particularly in border areas, and developing major development projects that can be integrated into global value chains.

The current forum is expected to provide a significant boost to these initiatives, with participants focusing on sectors such as construction, public works, international trade, tourism, energy, and digitalisation.