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UAE And Libya Seek To Enhance Investment, Economic Cooperation

by Lorys Charalambous, for LawAndTax-News.com, Cyprus

01 September 2004

Officials from the Libyan and United Arab Emirates (UAE) governments met in Tripoli on Monday to discuss the strengthening of investment, trade and general economic ties between the two regions.

The UAE delegation was headed by Shaikh Ahmad Bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman of Emirates, and included Mohammad Al Gergawi, Chairman of the Dubai Development and Investment Authority, Sultan Bin Sulayem, CEO of the Dubai Ports, Customs and Free Zone Corporation, and Major General Musabbah Rashid Al Fattan, Director of the Dubai Crown Prince's Court.

The Libyan representatives were Tripoli Municipality Governor Mohammad Al Zarooq Rajab, of the Libyan company for foreign investments, Rajab Shaqlabo, of the foreign investment authority, and Muhsen Wafa, chairman of the Libyan civil aviation department.

According to a Gulf News report, Shaikh Mohammed toured several investment and economic sites in Tripoli, in addition to attending discussions with Libyan officials on ways in which to exchange expertise between Dubai and Tripoli.

The Libyan delegation reportedly expressed interest in emulating the development successes of the UAE.

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