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30 Dec 2024

Libyan Foreign Bank, Bank ABC to Explore Strategic Financing Solutions for Energy Growth at LEES 2025

Libyan Foreign Bank, Bank ABC to Explore Strategic Financing Solutions for Energy Growth at LEES 2025
At the Libya Energy & Economic Summit (LEES) 2025, scheduled for January 18-19 in Tripoli, key banking figures will explore the crucial role of finance in supporting Libya’s energy sector growth. Mohammed Addarrat, Chairman of the Libyan Foreign Bank (LFB), and Ghassan Atiga, Head of Libyan Business at Bank ABC, will offer insights into how financial institutions can drive investment, foster collaboration and accelerate the development of Libya’s energy infrastructure.

As a key player in Libya’s financial sector, LFB provides crucial support for the country’s energy and infrastructure projects, acting as a bridge for international partnerships and financing. Last month, the bank held high-level talks in Rome with SIMEST, the Italian firm focused on fostering international growth for Italian businesses, with the aim of enhancing bilateral investment, promoting technology transfer and expanding SIMEST’s operations to include Libya. With a focus on sustainable growth and innovation, the bank’s participation at LEES 2025 highlights its commitment to supporting Libya’s energy sector through strategic financial solutions.

The Libya Energy & Economic Summit is set to take place in Tripoli on January 18-19, 2025. The event will bring together industry leaders, investors and policymakers, aiming to foster dialogue, secure investments and support the growth of Libya’s energy and infrastructure sectors. For more information, visit https://libyasummit.com

With a strong presence in Libya and the MENA region, Bank ABC has been a key partner in financing large-scale energy and infrastructure projects. Specializing in investment banking, corporate banking and trade finance, Bank ABC supports both local and international stakeholders in the development of Libya’s energy landscape. In April, the bank formed a partnership with Libya’s National Oil Corporation to explore financial solutions and support NOC subsidiaries, including the creation of a joint task force to examine funding opportunities. Bank ABC has been instrumental in financing oil, gas and renewable energy projects, providing the necessary capital for strategic ventures.

Discussions led by Libyan and global financial institutions at LEES 2025 will underscore the crucial relationship between finance and energy development in Libya. Their insights into financing models, investment opportunities and collaboration among banks, energy companies and government bodies will provide valuable perspectives on how Libya can leverage its financial resources to advance its energy sector and attract global investment.

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