American companies are about to make a major comeback to Libya.
At least all the latest signs indicate so.
The Libyan President, Mohamed Al-Menfi recently held talks with Masoud Boulos, the advisor to the U.S President Donald Trump and the two discussed the envisaged return of American companies to the North African Country.
Regarding when or how, that remains to be seen.
President Al-Menfi stressed that any partnership must be based on transparency and respect for the North African country’s national sovereignty.
On his part, Masoud Boulos reaffirmed Washington’s commitment to ensuring stability in Libya.
As far as the Donald Trump advisor is concerned, Tripoli remains a pivotal regional partner to the United States.
Which means, Washington may just accept the offer from Tripoli.
Boulos expressed the United States’ interest in expanding political and economic cooperation.
Earlier on during similar meetings with the U.S Presidential advisor, the Prime Minister of Libya’s Western region government, Abdulhamid Dbeibeh, is reported to have proposed USD 70 Billion in Strategic Projects to envoy Massad Boulos.
The Prime Minister reportedly offered the U.S President Donald Trump advisor Massad Boulos a sweeping package of investment partnerships and projects worth more than USD 70 billion, spanning Libya’s most vital sectors, including energy, minerals, electricity, infrastructure, and communications.
According to reports from Libya, the Premier proposal to Washington, marks a bold bid by the Western region Government of National Unity’s attempts to attract major U.S. involvement in Libya’s reconstruction and economic revival efforts, particularly in the southern region and other underdeveloped areas.
The move also reflects Libya’s strategic pivot toward deepening American-Libyan ties, amid growing competition from regional and global players.
If confirmed, the offer could represent one of the largest foreign partnership invitations extended by a Libyan government in recent years.
Libya and the United States have been at loggerheads for decades and should America finally start investing in Tripoli, then it will be the first major development between the two countries since the animosity which started back in mid 1980s.