AA – Zafer Caglayan, Turkey’s State Minister for Foreign Trade, said Turkish companies are expected to win a large number of contracts in Libya in the coming years. Caglayan released a written statement to give information to journalists about his visit to Libya where he attended Turkey-Libya contractors' business forum.
Caglayan said Libyan Prime Minister al-Baghdadi Ali al-Mahmudi told him that Libya will make investments worth USD 100 billion over the next three years. "Libyan Prime Minister expressed their intention of working with Turkish companies, which have established joint ventures with Libyan companies, in projects that would be carried out in Libya", he said.
"A new era has started in Turkish-Libyan relations. We paid a one-day visit to this country upon an invitation by al-Mahmudi. The Libyan Prime Minister addressed Turkish contractors there. Libya opens its doors to Turkish businessmen. This country has decided to give USD 15 billion of projects to Turkish companies in construction sector", Caglayan stated.
The Turkish Foreign Trade Undersecretariat (DTM) released a statement and said al-Mahmudi expressed readiness to make cooperation with Turkey, and noted that Turkey will be the backbone of this partnership. Libyan Prime Minister also asked Turkish companies to carry out joint projects with Libyan companies in Africa and other regions.