The Minister of State for Economic Affairs, Salama Al-Ghwail, confirmed that the government had concluded contracts worth between $1.5 and $2 billion with Egyptian companies to implement electric power projects, in Libya.
In a statement to the Egyptian Money website, Al-Ghwail suggested that; Egyptian companies’ acquisition of between 60% and 70% of the reconstruction projects.
The Minister of State for Economic Affairs estimated the cost of the country’s reconstruction plans at about $111 billion, running over ten years, pointing out that the plan has been suspended until the budget is approved and political consensus is achieved.
Al-Ghweil revealed an upcoming visit by Prime Minister Abdel Hamid Dabaiba to the Egyptian Republic to discuss aspects of joint cooperation at all levels.
