Libyan Investment Authority denies adding $5 billion to investments in Egypt

The Libyan Investment Authority (LIA) said that its investment situation in Egypt was very good, and it was seeking to develop it, denying what was circulated by some media outlets and social media pages about putting an amount of five billion dollars for new investments in Egypt.

The Egyptian “Youm7” website published on March 04 a statement attributed to LIA stating that it had “allocated an investment portfolio worth up to $5 billion to invest, finance, and share investment opportunities in Egypt or LIA’s branches in there.”

LIA’s media advisor, Luay Al-Griyo, denied that LIA had recently pumped five billion dollars to increase investments in Egypt.

He added that LIA’s existing investment activity in Egypt was good, with the hope that it would be developed in the future within the framework of the good relations between the two countries.


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