There is support inside Turkey for increased investment in both the Libyan market and the region in general from Turkish businessmen, said Omar Saboor, the chairman of the Egyptian Assembly of Young Businessmen. Economic maneuvering by businessmen must be accompanied by political support to open new markets, Saboor said, adding that the Egyptian government must encourage Egyptian companies to open their doors to new investment. “There are Egyptian companies, like the Arab Contracting Company, that can compete with Turkey in the Libyan market,” Saboor said. “Our assembly signed a partnership agreement with our Libyan counterpart to find new investment opportunities in the Libyan market,” he said. “Libya currently needs many workers, particularly in the contracting field, to help with infrastructure projects as well as hotel and housing projects.” Saboor also criticized the Egyptian government's delay in identifying investment opportunities, citing the similar experience in post-war Kuwait when delays left Egypt with few investment opportunities. “Our assembly is scheduled to participate in the January conference organized by the Turkish Assembly of Young Businessmen to discuss cooperation with Libya,” he added.
