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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Investment

Libya NTC says to review investments worldwide

Posted on 09 January 2012

Libya will review its investments in the Arab world, Africa, and elsewhere, and it will make major agricultural and property investments in neighbouring Sudan, the chairman of its ruling National Transitional Council said.

“We have a general view to review all investments in the Arab world, the African continent and elsewhere,” Mustafa Abdul Jalil said at news conference with visiting Sudanese President Omar Hassan al-Bashir. Some of Libya’s major investments in Africa are managed by the $65-billion Libyan Investment Authority (LIA) through a $5 billion fund known as Libyan African Investment Portfolio (LAP)………………………………………Full Article: Source


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