The Prime Minister of the National Unity Government, Abdul Hamid Al-Dabaiba, reviewed the “Intilaaqah” initiative to support and finance small and micro enterprises, in the presence of the Ministers of Economy and Trade, and the Acting Minister of Oil and Gas, the Undersecretary of the Ministry of Economy for Commercial Affairs, the Head of the Executive Team for the President’s Initiatives and Strategic Projects, and the Director General of the National Council for Economic and Social Development. .
The initiative aims to “provide the necessary financing for Libyan youth, craftsmen, and entrepreneurs to finance their projects, with a focus on innovation and the knowledge economy.”
The initiative “works to develop a new system to support startups and ensure their financing, by establishing a special guarantee fund for targeted projects.”
During the meeting, Al-Dabaiba reviewed “a detailed presentation explaining the general conditions for applying and the mechanisms for benefiting from the initiative, as he stressed the importance of facilitating procedures to ensure that support reaches the largest possible number of qualified young people.”
He stressed, “This initiative comes within the framework of the government’s direction towards supporting Libyan youth and enabling them to drive the wheel of the national economy, noting that investing in youth and their innovative ideas is an investment in Libya’s future and its economic renaissance.”
He added: “The first step of the initiative targets 1,000 young entrepreneurs, craftsmen, and innovators, as it relies on strategic partnerships with business incubators in Libyan universities to ensure implementation and effective support.”
Al-Dabaiba stressed that “the government is committed to achieving a qualitative leap in the national economy by supporting small projects, which are the nucleus of economic growth, and contributing to creating job opportunities and promoting sustainable development.”
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