Tripoli pitches major investment plan to Washington, targeting energy, minerals, and telecoms in a bid to attract U.S. capital and stabilize the country.

Highlights:

● Libya’s unity government unveiled a $70 billion investment portfolio to U.S. officials, spanning energy, infrastructure, and telecoms.
● The plan was presented to Donald Trump’s Africa advisor, Massad Boulos, during his visit to Tripoli.
● Talks included oil sector opportunities and efforts to stabilize Libya amid its ongoing east-west political divide.

Libya’s internationally recognized government, led by Prime Minister Abdelhamid Dbeibah, has presented a “strategic partnership” plan to the United States, aiming to channel $70 billion in American investments into key sectors. The announcement was made following a high-level meeting on July 23 in Tripoli between Dbeibah and Massad Boulos, special advisor for Africa to former U.S. President Donald Trump.

The Libyan government said the partnership encompasses projects in energy, minerals, electricity, infrastructure, and telecommunications. The goal is to create a direct and organized entry point for U.S. companies into the Libyan market.

"The government team gave a detailed presentation on the various facets of the strategic partnership between Libya and the USA, which includes projects estimated at $70 billion in the energy, minerals, electricity, infrastructure and telecommunications sectors, thus enabling an organized and direct entry of American investment into the Libyan market," the Libyan government wrote in a statement.

The meeting also touched on Libya’s oil sector, highlighting “the potential of new onshore and offshore exploration blocks.” Stability and investment were central themes, with both parties discussing ways to support Libya’s fragile progress.

Libya remains politically divided between two rival administrations: the Dbeibah-led government in the west, backed by the international community, and a parallel authority in the east supported by Marshal Khalifa Haftar with foreign backing from countries like Russia and the UAE.

Boulos’s visit is part of a wider Maghreb tour, including stops in Tunisia, Algeria, and Morocco.

This article was initially published in French by Walid Kéfi

Edited in English by Ola Schad Akinocho