Investment Authority discusses cement plant project in Al-Khoms with Pakistani company

Libya’s General Authority for Investment Promotion and Privatization Affairs has discussed with Pakistan’s Lucky Cement, one of the world’s leading cement manufacturers, the possibility of establishing a cement production plant in the city of Khoms with an annual production capacity of 2.5 million tonnes, as part of efforts to attract high-quality investments and strengthen Libya’s industrial sector.

In a statement, the authority said its Chairman, Abdulaziz Al-Shawesh, held a meeting on Sunday with representatives of the company, attended by the Chairman’s adviser and the Director of the One-Stop Shop Department, to discuss the proposed project and prospects for cooperation.

According to the statement, the project aims to help meet domestic demand for cement, support Libya’s development and reconstruction programs, and boost industrial development through the construction of a new manufacturing facility in the coastal city of Khoms.

The meeting also reviewed Libya’s investment climate, the incentives, guarantees, and facilities offered by the authority to investors, in addition to discussing the project’s technical and logistical aspects and mechanisms for future cooperation, paving the way for the completion of the necessary studies and procedures before implementation.

Al-Shawesh reaffirmed the authority’s commitment to supporting major industrial investments and attracting experienced international companies, saying such projects would help transfer technology, create employment opportunities, and increase the industrial sector’s contribution to diversifying Libya’s economy in line with the country’s vision for sustainable economic development.