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The Libya Africa Investment Portfolio (LAIP), a Malta-based LIA subsidiary, is appealing for international JV partners.
“We acknowledge that conditions are not currently ideal; security and stability remain a priority for all Libyans and our partners… [but] Planning today can enable a running start tomorrow when our country can comprehensively welcome foreign direct investment,” LAIP chief Ahmad Kashadah told the Libyan British Business Council in London on 13 July.
LAIP is one of five LIA subsidiaries. It is responsible for investments across Africa, including petroleum distributor OiLibya and telecoms company Lap Green. LAIP has a part share in Mauritius-based satellite communications firm RascomStar-Qaf (RSQ) alongside Libya’s state-owned General Post and Telecommunications Company; the Regional African Satellite Communication Organization, based in Abidjan; and space systems company Thales Alenia Space, a joint venture of France’s Thales Group (67%) and Italy’s Leonardo-Finmeccanica (33%). RSQ is “now looking into providing its services for Libya’s rural areas, which it believes are a promising market,” says Mr Kashadah. (CONTINUED - 448 WORDS)