LibyaPolitics

Libyan Central Bank governor to provide Turkey with $3 billion

Reliable sources working at the Ministry of Foreign Affairs said that Turkish companies which have had unsuccessful projects since 2011 will be compensated with 3 billion dollars.

The same sources added in an interview with the Italian Nova Agency – including those working at the Foreign Ministry of the Government of National Accord – that the features of an agreement on compensation have become clear in a meeting between the Governor of the Central Bank of Libya, Siddiq Al-Kabir and Turkish President Tayyip Recep Erdogan, in a visit of the Head of the Presidential Council and a high-level delegation to Ankara, including Al-Kabir.

218News said last Wednesday that the Head of the Presidential Council, Fayez al-Sarraj, had arrived in Istanbul, accompanied by a number of officials.

According to Turkish official data, Turkish suspended projects in Libya are valued at 16 billion dollars, including between 400 and 500 million dollars for projects that did not get started.

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