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00:00 "We are in Libya.
00:02 Libya, as everyone knows, is a large geographical area, stretching about 2,000 km along the
00:11 coastline to the Mediterranean Sea.
00:14 It also has a large geographical area of the dry sea.
00:18 The country has about six countries that define the Libyan state.
00:26 Libya is a leading country in the field of refining, through the establishment of many
00:32 projects, especially in the field of building materials, such as the Libyan steel and
00:36 steel company, which is one of the largest competing companies in the world.
00:42 We also have many cement and gypsum factories.
00:47 Libya has a huge wealth of mineral resources that have been discovered, and many of them
00:54 have not yet been discovered, because each country is a pioneer.
00:57 We aim through these meetings and conferences to sign a number of agreements and
01:04 communications with many companies and funding banks, whether regional, Arab or international."
01:15 "What is the size of the refining sector in Libya, the most prominent wealth, and also
01:22 the size of the investments you have made, whether by the government or the private sector?"
01:27 "The size of the investments before 2011 was huge, especially in the steel and gypsum
01:37 industry, as well as the cement industry and its ruling.
01:41 In the recent period, Libya has gone through a difficult transitional period, but finally
01:48 the state has settled, and now we have started ambitious projects, and we have started
01:52 partnerships between the private and public sectors, through the launch of some public
01:57 projects that were previously limited to the private sector through the participation
02:05 in one of the ways of investment, whether it is through rent, participation, or financing,
02:11 or whatever its ruling is.
02:13 We hope that the Kingdom of Saudi Arabia will have a lead in the investment in the
02:21 refining sector in Libya, which has huge wealth of refining, whether in gypsum, silica sand,
02:29 and other metals.
02:32 The current situation in this conference is very embarrassing.
02:39 We hope that the Arab countries, especially the Kingdom of Saudi Arabia, will have a lead
02:45 in the investment in Libya in the refining sector.
02:50 In fact, in the State of Libya, we have started a strategic ambitious plan that is going
02:56 through five years, and it is going through a tactical plan that finally reaches the
03:02 goal of the refining sector in Libya.
03:09 The refining sector in Libya needs a group of factors.
03:15 In the legislative environment, we have very strong investment laws, as Al-Qassi said
03:21 before the conference.
03:23 These investment laws, the ambition that created a kind of balance between the local
03:29 and the international markets, are one of the attractive points.
03:35 Also, the presence of energy, Libya is an oil country, and it has a huge energy, especially
03:41 in the gas, oil, and metal.
03:45 We hope that we will have a lower production in all sectors.
03:50 Libya, in the food, juice, dairy, and other sectors, is almost self-sufficient in the
03:58 refining sector.
04:00 Therefore, we hope that, through our journey in the UN, we will have full dependence in
04:10 all the refining sectors, and the industrialization in Libya, in the Libyan environment.