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French Version

Conference links EU companies with Libyan partners

European Union manufacturing and service companies are poised to start seeking potential partners in Libya during the first networking event designed to bring together European businesses and Libyan state-backed organizations earmarked for privatization. The event - Libya: Opportunity and Challenge - will be held Oct. 12-13.

Up to 300 Libyan public enterprises could be privatized over the next five years to attract foreign direct investment.

The EU - especially Italy, Germany, France, Spain and the UK - is Libya's largest trading partner, accounting for some 50 percent of imports and 70 percent of exports.

"This conference is going to be a practical matchmaking session between European companies of all sizes and in a wide range of commercial and industrial sectors who want to do business in Libya, a market that companies around the globe have set their sights on. European companies have been active in Libya for years and they are now in a position to consolidate and expand their position in one of the most promising African economies of the 21st century," Michael Thomas of the Middle East Association, the organizer of the event, said.

Beirut,08 31 2004
The Daily Star
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