Libya Investment Authority and Oman’s OQ Group Sign MoU to Boost Investment Ties
The Libyan Investment Authority (LIA) has signed a Memorandum of Understanding (MoU) with Oman’s OQ Group to explore new investment opportunities in Libya, marking another step in strengthening economic cooperation between Libya and Oman.
The agreement focuses on identifying joint investment projects across key sectors, with a strong emphasis on energy, oil and gas, and clean energy development. Both sides aim to assess viable opportunities that can support Libya’s long-term economic diversification and attract foreign capital into strategic industries.
According to the announcement, the MoU establishes a framework for cooperation between the two institutions. It allows both parties to exchange expertise, evaluate potential projects, and develop structured investment partnerships in both Libya and international markets.
The agreement comes at a time when Libya continues to seek stronger international partnerships to rebuild its investment landscape and improve the performance of its sovereign investment institutions. The partnership with OQ Group, a major Omani energy and investment company, reflects growing interest from regional players in Libya’s energy potential and infrastructure development opportunities.
OQ Group, which operates across the energy value chain including exploration, production, refining, and alternative energy, brings extensive experience in managing large-scale energy investments. This could support Libya’s efforts to modernize its oil and gas sector while also expanding into renewable and sustainable energy projects.
For Libya, the deal also signals renewed momentum in attracting structured foreign partnerships, particularly in sectors that remain central to the national economy. The Libyan Investment Authority continues to play a key role in rebuilding investor confidence and positioning Libya as a competitive destination for regional and international investment.
The MoU does not represent a binding investment commitment but sets the groundwork for future cooperation and project-level discussions between the two sides.
As Libya works to stabilize its economy and expand its investment base, such agreements highlight a gradual but important shift toward deeper regional economic integration and long-term strategic partnerships.
