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Al-Dabaiba emphasizes the important role of commercial banks in financing housing projects and supporting the national economy.

Pulbished on:

Tripoli, November 25, 2025 (LANA) – Prime Minister Abdulhamid Dabaiba stressed the importance of banks' role in supporting the national economy, affirming his government's commitment to removing obstacles and providing the necessary support for the implementation of housing projects and vital investment initiatives, thereby promoting sustainable development and supporting citizens.

This came during an expanded meeting he held to follow up on the efforts of the Central Bank of Libya and commercial banks to support the government's plan to revive the economy and finance housing projects.

The meeting, held at the Prime Minister's office in Tripoli, discussed the role of banks in stimulating the economy, particularly supporting real estate and investment projects, participating in the Prime Minister's initiative to complete and implement 150,000 housing units, and providing the necessary financial tools to ensure its success.

During the meeting, Faisal Bin Dardaf, Director General of the National Housing and Real Estate Development Program, reviewed the progress made on proposed financing mechanisms aimed at strengthening the housing sector and facilitating access to financing for vital projects.

The attendees agreed to hold a subsequent meeting to finalize the financing mechanisms in accordance with the vision of the government and the Central Bank, ensuring an effective financing environment that supports housing initiatives and stimulates the national economy.

The meeting was attended by Central Bank of Libya board member Reda Gargab, the general managers of the Republic Bank, North Africa Bank, Al Wafa Bank, and the Libyan Foreign Bank, as well as the general manager of the Savings and Real Estate Investment Bank and the general manager of the National Housing and Real Estate Development Program.

...(LANA)...