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Chargé d'Affairs of the Embassy of Libya in China to (LANA): The Chinese side is eager to return to complete its stalled projects in Libya.

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Beijing, December 19, 2023 (LANA) - The Chargé d'Affairs of the Libyan Embassy in the People's Republic of China, Khaled Amhamed Al-Sayeh, said that the Libyan state is keen for the Chinese embassy to return primarily to carrying out its business in Tripoli so that its companies can return to resume their suspended projects in Libya.

Al-Sayeh confirmed in an interview with the Libyan News Agency delegate in the capital, Beijing, that the Libyan side is serious about achieving this matter, noting that the embassy is in constant and continuous contact with the Chinese side to discuss these files.

He explained that the Libyan embassy in China held many meetings with representatives of public and private companies in China to discuss the most prominent problems and obstacles they face in resuming their activities in Libya, stressing that the embassy was able to restore communication between Chinese companies, the Man-Made River Authority, and the Railway Authority to open and discuss many files between them.

Al-Sayeh said that the Chinese side is eager to return to complete its stalled projects in Libya, especially in light of the great efforts made by the National Unity Government in establishing roads and infrastructure in many Libyan cities, as part of the “Return to Life” projects launched by Prime Minister Abdel Hamid. Al-Dabaiba to accelerate construction and development in the country.

The Chargé d'Affairs confirmed that the obstacle that exists now is the mechanism for implementing contracts concluded with the Chinese side, amounting to "21" billion US dollars, as the exchange rate before 2011 is different from what it is now, pointing out that negotiations with the Chinese side regarding technical issues about these contracts are going well.

Al-Sayeh added that a meeting was held under the auspices of the Ministry of Foreign Affairs in Libya in 2013 with a large number of Chinese companies, during which an agreement was signed stipulating that these companies would return to complete these projects. However, the political division that occurred in the country in 2014 hindered the implementation of this. the agreement.

Al-Sayeh said that Libya now needs political stability that will enable these companies to return to practice their activities in completing the suspended projects in various Libyan cities.

.... (LANA)...