Libya, Abu Dhabi Sign Tourism and Oil Joint Venture, WAM Says


Libya’s Social and Economic Development Fund and Abu Dhabi-based Al Mibar International for Investments agreed to invest $500 million jointly in real estate and tourism in Libya, Emirates News Agency said.

The Libyan fund also signed an agreement with Abu Dhabi Executive Council to invest jointly in energy production in Libya and internationally, the agency, also known as WAM, said.