Windhoek:Libya's Ministry of Economy and Trade, under the internationally recognized Government of National Unity, has approved 52 decisions aimed at regulating foreign companies' activities and improving the business and investment environment within the country.

According to Namibia Press Agency, these decisions involve the opening of new foreign company branches, the extension and renewal of existing branches, as well as the opening and extension of representative offices. The measures also include regulatory amendments aligned with current legislation.

The decisions impact companies from countries such as T¼rkiye, Egypt, Britain, Germany, Italy, China, Tunisia, Jordan, and the United Arab Emirates. These companies operate in sectors including oil and gas, engineering and infrastructure, aviation, transportation and logistics, trade and investment, technology, and specialized services.

The ministry highlighted that these measures are part of ongoing efforts to regulate foreign business activities in line with approved legal frameworks. The objectives include enhancing transparency, promoting the transfer of expertise and technology, and expanding economic and investment cooperation.

Further efforts will continue to improve the business climate, provide an attractive investment environment, and strengthen economic partnerships, supporting Libya's economic development.