Türkiye and Libya Sign Agreement on Energy, Mining, and Infrastructure Cooperation
Türkiye and Libya Sign Strategic Agreement on Mining, Energy, and Infrastructure
Türkiye and Libya signed a wide-ranging cooperation agreement on Thursday aimed at boosting bilateral ties in mining, energy, and infrastructure. The memorandum of understanding (MoU) was signed in Istanbul by key institutions including Türkiye’s Foreign Economic Relations Board (DEIK), the Türkiye-Libya Business Council, Libya’s National Mining Corporation, and Emaar Libya Holding Company.
Murtaza Karanfil, Chairman of the DEIK Türkiye-Libya Business Council, and Fouad Al-Awwam, CEO of Emaar Libya Holding, formalized the agreement. Karanfil highlighted the long-standing historical ties between the two nations and emphasized the importance of expanding business opportunities, especially in Libya’s eastern and southern regions.
He noted that Türkiye’s exports to Libya have remained stagnant at $2.5 billion over the past decade due to regional instability. “This agreement aims to reignite trade and investment, particularly in regions rich in mineral deposits,” Karanfil said, calling for collaboration through B2B meetings and project mapping.
Currently, only six Turkish companies are registered with the Libya Mining Group, a figure Türkiye hopes to grow significantly. Karanfil also stressed the strategic importance of Libya as a regional gateway.
Fouad Al-Awwam praised Türkiye’s economic and energy strength, stating: “We’re committed to building strong partnerships with Türkiye in these sectors and helping expand Turkish market presence across Libya.”
The deal is seen as a step forward in both countries’ economic diplomacy, supporting Libya’s reconstruction and Türkiye’s regional outreach.
