the organisers

June 20, 2013

FDI Libya Roundtable Engages with Government and Private Sector Leaders to Support future initiatives in Libya.

A roundtable conference on “the future of Libya’s economic progress took

place on Tuesday June 18th at the British Government Department, UK
Trade and Investment’s (UKTI) headquarters. The meeting was called by the
organisers of the FDI Libya initiative, the Pace Group and Dar al Arab, who
have worked for over a year to bring together the international community
to invest in Libya’s development projects. FDI Libya has comprised three
launch events, in Tripoli, Washington, DC. and Dubai. There have also been
two other high-level roundtables to discuss pertinent issues in Libya’s devel-
opment and growth of international partnerships, taking place at the Tripoli
Chamber of Commerce in Libya and the House of Lords in London, UK.

The meeting was headlined by a panel of Libyan and British officials,

including Omar Shakmak, Deputy Minister of Oil & Gas, Mohammed Ali
The lead panelists discuss the importance of commercial
diplomacy and opportunities presented by the FDI Libya initiative. AbdallahAddarrat, President of the National Front Party and of the General
National Congress of Libya, The Rt Hon The Lord Marland who is The Prime
Minister’s Trade Envoy representing UKTI, Nick Archer as the Director of Rest of the World for UKTI’s Strategic Trade Department,
Mohammed Al-Aktel also from the Ministry of Oil & Gas in Libya, Commercial AttacheMahmoodGsais from the Libyan Embassy in
London, as well as representatives from the FDI Libya team, Conference Co-Chairman Michael Thomas and Director of Projects Tariq
Mohammed from the Pace Group. The roundtable was held as a precursor to the FDI Libya conference that will take place in London
on September 17th and 18th 2013.

The attendees included a vast range of business leaders and experts from a variety of international multi-sector organisations while
discussions covered a wide spectrum of issues surrounding the current political and economic development of the new Libya.
Participants included CEOs, Directors and Managing Partners of some of the world’s most influential companies, including Vitol, Shell,
Kellogg Brown & Root, British Telecom, DLA Piper, Clyde & Co, Deloitte, RWE and the Weir Group. The diplomatic community was
represented by key international figures, such as His Highness Sheikh Al-Maktoum from the Embassy of the UAE, and top officials
from the Embassies of the Arab League, the Republic of Spain and the Republic
of Egypt. Discussion topics ranged from recent legal changes to upcoming
projects, as well as what the current landscape means for investors.

The discussions began with Michael Thomas outlining the focus of the roundtable
and highlighting the need for long-term engagement with Libya, as he quoted,
“Rome wasn’t built in a day, neither was Tripoli or Benghazi, and we have to be
patient. Long-term engagement will be fruitful for all parties.” Lord Marland
continued with the proceedings by explaining the importance of relations with
Libya to the UK, as they have sent 30-40 trade missions since the end of the
revolution and are here to support Libya with partnership on projects that require
British expertise. As the officials had a government to government meeting
before the roundtable regarding UK-Libyan partnership, Lord Marland started
by thanking the organisers Pace Group and referred to his private conversation
with the Libyan officials in the morning by noting, “I am impressed today with
the governments concern with transparency.”

This topic of transparency was addressed again by Congressman Addarrat, who

[Clockwise from top left] Nick Archer, Director for Rest of
the World, Strategic Trade at UKTI; Lord Marland, the Prime
Minister’s Trade Envoy; Mohammed Ali Abdallah Addarrat,
President of the National Front Party and Member of the General
National Congress of Libya; Omar Al Shakmak, Deputy Minister
for Oil & Gas, Ministry of Oil & Gas of Libya.
engaged with the attendees on a number of issues including the development of
good governance across and within the different political bodies in Libya. He went
on to emphasise the importance of clear, precise and up to date communication
within government and externally to the wider world. He also touched upon
the Libyan governments’ relationship with civil society organisations which are
assisting the government in providing information and research.

strategic partners WWW.FDILIBYA.COM

Mr.Addarrat spoke at length addressed questions and
concerns from the attendees about Libya’s about Libya’s
need for “realistic yet achievable deliverables” that could
be achieved in the relative short term to give the people
of Libya some relief after the turmoil of revolution and
went on to add that, “funds are readily available.” In
terms of significant, nationwide infrastructure projects
he added that the government is currently working to a
four-year timescale with a milestone being Libya hosting
the African Cup of Nations in 2017.

Deputy Minister Shakmak, who in his speech briefed the

audience on the Oil & Gas Ministry’s current priorities and
future direction. Mr.Shakmak talked about the oil industry
at depth and mentioned they were working very diligently
to ensure that the best is done for Libya and for Libyans. He
said that the new oil licensing round would take place “by
the first quarter of 2014” and the ministry is keen to discuss [Clockwise from top left] Questions from the participants: Yuri Chernyshev from
with current license holders potential improvements that Gazprom Neft that joined us from Moscow; Salem El-Maiar from Libya Connect
could be made to future contracts. LLP; Lord Trefgarne, Chairman of the Libyan British Business Council.

FDI Libya initiative has been assisting the new administration with these goals.The Libyan ministers and government officials,
including their British and international counterparts, were greatly appreciative of the work done so far by the FDI Libya team in
putting the need for foreign investment into Libya on the agenda and renewed their support for the conference in September.

Libya will be a key platform to promote the development agenda of the new government, in all sectors from infrastructure to
energy, from education to healthcare development. See these ideas in action this coming September by registering as an Executive
Delegate at www.fdilibya.com

The FDI Libya team with visiting Libyan officials,

after a successful event.

Building on Success
Focusing on the Future

17-18
September
London, UK