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Abu Shiha and Abdul Qader discuss market regulation and supporting the stability of the industrial sector in Libya.

Pulbished on:

Tripoli, May 14, 2026 (LANA) – Minister of Economy and Trade in the Government of National Unity, Suhail Abu Shiha, met today, Thursday, with the Minister of Industry and Minerals, Mohamed Abdul Qader, to discuss market regulation and support for the stability of the industrial sector in Libya.

According to the Ministry's official page, the meeting addressed the needs of local factories for fuel and energy sources necessary for the continuation of production. Emphasis was placed on the importance of establishing a regulated and equitable mechanism to ensure stable supplies to industrial sectors with actual production, thereby contributing to strengthening industrial and food security and reducing fluctuations in production costs.

The meeting also reviewed the outcomes of meetings held by the Ministry of Economy and Trade in recent days with a number of local manufacturers. These meetings addressed difficulties related to production, distribution, and supply chains, in addition to discussing market regulation mechanisms and monitoring pricing policies to achieve a balance between supporting national industry and protecting consumers.

The meeting also reviewed several proposals related to industrial regulation, including developing criteria for granting incentives and facilities to factories based on actual production volume and local added value percentages, and enhancing integration between industrial and trade policies to increase the competitiveness of national products in the Libyan market.

During the meeting, the executive procedures for transferring the Credit Guarantee Fund to the Ministry of Industry and Minerals were confirmed. This transfer is part of a broader effort to reorganize support mechanisms for the industrial sector and unify financing and incentive programs for productive and industrial projects, thereby enhancing the capacity of national factories to expand and increase production.

At the conclusion of the meeting, the importance of continued joint coordination in the coming phase was emphasized, along with the need to develop a package of regulatory and executive measures to support the industrial sector. This will contribute to achieving economic stability, regulating the market, and stimulating investment and local production.

…(LANA)…